J&P China Capital Management CO. Ltd. Takes Position in Facebook, Inc. (FB)

J&P China Capital Management CO. Ltd. acquired a new position in shares of Facebook, Inc. (NASDAQ:FB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 95,000 shares of the social networking company’s stock, valued at approximately $14,343,000. Facebook comprises 3.0% of J&P China Capital Management CO. Ltd.’s investment portfolio, making the stock its 7th biggest holding.

Other large investors have also recently made changes to their positions in the company. Edge Wealth Management LLC increased its stake in shares of Facebook by 3.5% in the 2nd quarter. Edge Wealth Management LLC now owns 7,758 shares of the social networking company’s stock valued at $1,164,000 after acquiring an additional 261 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Facebook by 11.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,312 shares of the social networking company’s stock valued at $198,000 after acquiring an additional 133 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Facebook by 98.1% in the 2nd quarter. Grove Bank & Trust now owns 6,850 shares of the social networking company’s stock valued at $1,034,000 after acquiring an additional 3,393 shares during the last quarter. Weatherly Asset Management L. P. increased its stake in shares of Facebook by 5.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 22,955 shares of the social networking company’s stock valued at $3,466,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Facebook by 21.6% in the 2nd quarter. Bessemer Group Inc. now owns 49,588 shares of the social networking company’s stock valued at $7,487,000 after acquiring an additional 8,797 shares during the last quarter. 57.26% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on FB shares. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush reaffirmed a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday. Finally, Macquarie set a $175.00 price target on Facebook and gave the company a “buy” rating in a research note on Monday, July 24th. 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. Facebook has a consensus rating of “Buy” and an average target price of $185.38.

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Shares of Facebook, Inc. (NASDAQ:FB) opened at 172.55 on Friday. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The firm has a 50-day moving average price of $170.39 and a 200-day moving average price of $158.07. The company has a market capitalization of $501.12 billion, a P/E ratio of 38.62 and a beta of 0.70.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the business posted $0.97 EPS. The business’s revenue was up 44.8% on a year-over-year basis. Equities analysts forecast that Facebook, Inc. will post $5.34 earnings per share for the current year.

In other news, Director Jan Koum sold 3,600,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 248,984 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $170.69, for a total value of $42,499,078.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,024,241 shares of company stock valued at $1,499,994,651. Company insiders own 19.08% of the company’s stock.

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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