5 Stocks to Invest in According to Victor Ho’s Yarra Square Partners

4. Facebook, Inc. (NASDAQ:FB)

Mr. Ho’s Stake Value: $8.4 million

Percentage of Mr. Ho’s 13F Portfolio: 7.17%

Number of Hedge Fund Holders: 266

Facebook, Inc. (NASDAQ:FB) is the largest social media company in the world. Headquartered in the American state of California, it started out as a simple platform that lets its users connect with each other and share their life updates. Now Facebook, Inc. (NASDAQ:FB) is working on a metaverse alongside having increased the scope of its product.

Mr. Ho’s Yarra Square owned 24,294 million Facebook, Inc. (NASDAQ:FB) shares that were worth $8.4 million and represented 7.17% of his total portfolio value by the end of the second quarter. During the same time period, 266 of the 873 hedge funds polled by Insider Monkey held stakes in the company.

Facebook, Inc. (NASDAQ:FB)’s largest shareholder is Alexander Becker’s Codex Capital who owns 27,950 shares worth $9.6 billion.

Truist, in an October 2021 note, lowered the company’s share price target to $400, but highlighted that recent advertisement challenges are only temporary.

In its third quarter 2021 investor letter, Wedgewood Partners had the following to say about Facebook, Inc. (NASDAQ:FB):

“Facebook detracted from performance despite posting a staggering +56% growth in advertising revenues. Much of the stock’s underperformance was driven by nonoperating concerns that we view as mostly political in nature. The Company’s digital properties command a massive audience of over 2.7 billion daily users, so any government or state actor would be able to wield tremendous power by controlling that audience and it should not be a surprise when those actors attempt to do that. However, Facebook has invested  aggressively in its content curation capabilities that address many of the concerns raised by media and political critics. We continue to carry Facebook at our maximum weighting as the stock is trading in line with a market multiple despite unrivaled competitive positioning and rapid growth, representing one of the best risk-rewards available in the market.