Trillium Asset Management LLC Has $10.24 Million Position in Facebook, Inc. (FB)

Trillium Asset Management LLC increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,681 shares of the social networking company’s stock after purchasing an additional 422 shares during the quarter. Trillium Asset Management LLC’s holdings in Facebook were worth $10,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cribstone Capital Management LLC lifted its holdings in Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after buying an additional 406 shares during the last quarter. IMA Wealth Inc. purchased a new stake in Facebook during the 2nd quarter worth about $122,000. Trust Department MB Financial Bank N A purchased a new stake in Facebook during the 2nd quarter worth about $134,000. Northwest Wealth Management LLC purchased a new stake in shares of Facebook in the 2nd quarter valued at about $194,000. Finally, GenWealth Group Inc. purchased a new stake in shares of Facebook in the 2nd quarter valued at about $200,000. 60.30% of the stock is owned by institutional investors.

FB opened at $151.79 on Thursday. The company has a market cap of $424.77 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 0.93 and a beta of 0.42. Facebook, Inc. has a 52 week low of $139.03 and a 52 week high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.30. Facebook had a return on equity of 28.18% and a net margin of 37.57%. The company had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. As a group, equities research analysts predict that Facebook, Inc. will post 7.06 earnings per share for the current year.

In other Facebook news, CEO Mark Zuckerberg sold 210,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $185.45, for a total transaction of $38,944,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $184.98, for a total value of $138,735.00. Following the transaction, the vice president now owns 86,365 shares in the company, valued at approximately $15,975,797.70. The disclosure for this sale can be found here. Insiders have sold a total of 3,626,282 shares of company stock worth $641,081,083 in the last quarter. 17.23% of the stock is currently owned by insiders.

FB has been the subject of several research reports. Raymond James downgraded Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 target price for the company. in a report on Thursday, July 26th. Royal Bank of Canada reissued a “buy” rating and issued a $195.00 target price on shares of Facebook in a report on Monday, September 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $202.00 target price on shares of Facebook in a report on Thursday, August 23rd. JPMorgan Chase & Co. boosted their target price on Facebook from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, September 18th. Finally, MKM Partners reduced their target price on Facebook to $230.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $195.65.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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