Signaturefd LLC raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 18.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,161 shares of the social networking company’s stock after buying an additional 1,294 shares during the period. Signaturefd LLC’s holdings in Facebook were worth $1,159,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FB. State Street Corp raised its holdings in Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after buying an additional 1,536,158 shares in the last quarter. HPM Partners LLC bought a new position in Facebook during the first quarter valued at about $195,602,000. Alecta Pensionsforsakring Omsesidigt raised its holdings in Facebook by 131.8% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock valued at $279,838,000 after buying an additional 1,120,000 shares in the last quarter. Karp Capital Management Corp raised its holdings in Facebook by 6,222.5% during the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after buying an additional 882,228 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Facebook by 29.0% during the first quarter. Russell Investments Group Ltd. now owns 3,643,713 shares of the social networking company’s stock valued at $517,583,000 after buying an additional 818,374 shares in the last quarter. Institutional investors own 57.30% of the company’s stock.
FB has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reiterated a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Macquarie set a $175.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Monday, July 24th. Finally, Aegis reiterated a “buy” rating on shares of Facebook in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $183.74.
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Shares of Facebook, Inc. (FB) traded down 1.30% during mid-day trading on Friday, reaching $170.95. 10,998,459 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $169.23 and a 200 day moving average price of $152.48. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The firm has a market cap of $496.47 billion, a P/E ratio of 38.26 and a beta of 0.76.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. Analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.
In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $171.59, for a total value of $128,692.50. Following the completion of the sale, the vice president now owns 94,841 shares of the company’s stock, valued at approximately $16,273,767.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the completion of the sale, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. In the last three months, insiders sold 12,807,956 shares of company stock valued at $2,088,986,365. Corporate insiders own 19.08% of the company’s stock.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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