Hudock Capital Group LLC maintained its position in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,047 shares of the social networking company’s stock at the end of the second quarter. Hudock Capital Group LLC’s holdings in Facebook were worth $309,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. D. Scott Neal Inc. raised its holdings in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the period. Pacific Center for Financial Services raised its holdings in Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 88 shares during the period. Vigilant Capital Management LLC raised its holdings in Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the period. Finally, Watermark Asset Management Inc. purchased a new stake in Facebook in the 1st quarter valued at about $141,000. Institutional investors and hedge funds own 57.44% of the company’s stock.
Facebook, Inc. (FB) opened at $180.87 on Friday. Facebook, Inc. has a 52-week low of $114.00 and a 52-week high of $182.90. The company has a market capitalization of $525,573.50, a PE ratio of 34.85, a PEG ratio of 1.15 and a beta of 0.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. research analysts anticipate that Facebook, Inc. will post 5.86 EPS for the current fiscal year.
In related news, CEO Mark Zuckerberg sold 254,525 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $166.97, for a total value of $42,498,039.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Wehner sold 15,470 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $179.05, for a total value of $2,769,903.50. Following the completion of the transaction, the chief financial officer now directly owns 67,539 shares of the company’s stock, valued at $12,092,857.95. The disclosure for this sale can be found here. Insiders sold 5,906,671 shares of company stock valued at $1,042,295,487 over the last ninety days. 17.23% of the stock is currently owned by corporate insiders.
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Several analysts recently issued reports on FB shares. Cowen Inc restated an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Wedbush reaffirmed a “buy” rating on shares of Facebook in a research report on Thursday, July 27th. Aegis reaffirmed a “buy” rating and issued a $200.00 target price (up from $185.00) on shares of Facebook in a research report on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and issued a $190.00 target price (up from $180.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, UBS Group AG reaffirmed a “buy” rating and issued a $190.00 target price (up from $168.00) on shares of Facebook in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $197.95.
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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