Harbour Capital Advisors LLC grew its holdings in Facebook, Inc. (NASDAQ:FB) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,773 shares of the social networking company’s stock after purchasing an additional 40 shares during the quarter. Facebook comprises approximately 1.1% of Harbour Capital Advisors LLC’s portfolio, making the stock its 11th largest holding. Harbour Capital Advisors LLC’s holdings in Facebook were worth $2,383,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FB. State Street Corp raised its position in shares of Facebook by 1.7% during the 1st 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 during the period. HPM Partners LLC purchased a new stake in shares of Facebook during the 1st quarter valued at approximately $195,602,000. Alecta Pensionsforsakring Omsesidigt raised its position in shares of Facebook by 131.8% during the 1st 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 during the period. Karp Capital Management Corp raised its position in shares of Facebook by 6,222.5% during the 1st 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 during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Facebook by 29.0% during the 1st 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 during the period. 57.30% of the stock is currently owned by institutional investors and hedge funds.
Facebook, Inc. (FB) traded down 0.53% during trading on Tuesday, reaching $172.59. 5,252,441 shares of the company’s stock were exchanged. The stock has a market capitalization of $501.24 billion, a price-to-earnings ratio of 38.63 and a beta of 0.76. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The company’s 50 day moving average price is $169.37 and its 200-day moving average price is $152.86.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating 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 firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue was up 44.8% on a year-over-year basis. On average, equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current year.
In other Facebook news, Director Peter Thiel sold 60,316 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $172.25, for a total value 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 $1,087,069.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 277,018 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $153.42, for a total transaction of $42,500,101.56. The disclosure for this sale can be found here. Insiders have sold 13,071,103 shares of company stock worth $2,134,223,843 over the last ninety days. 19.08% of the stock is currently owned by insiders.
FB has been the topic of several analyst reports. Oppenheimer Holdings, Inc. lifted their price target on shares of Facebook from $170.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. JMP Securities reaffirmed an “outperform” rating and set a $195.00 price target (up previously from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Aegis reaffirmed a “buy” rating on shares of Facebook in a research report on Monday, May 22nd. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Deutsche Bank AG lifted their price target on shares of Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $183.74.
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Facebook Company Profile
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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