One Capital Management LLC boosted its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,506 shares of the social networking company’s stock after acquiring an additional 488 shares during the period. One Capital Management LLC’s holdings in Facebook were worth $2,643,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI lifted its position in Facebook by 20.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the last quarter. D. Scott Neal Inc. lifted its position in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the last quarter. Pacific Center for Financial Services lifted its position in Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the last quarter. Finally, Crow Point Partners LLC acquired a new position in Facebook during the 2nd quarter worth $142,000. 57.35% of the stock is owned by hedge funds and other institutional investors.
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In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $168.25, for a total value of $126,187.50. Following the transaction, the vice president now directly owns 96,341 shares of the company’s stock, valued at approximately $16,209,373.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 254,525 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $166.97, for a total transaction of $42,498,039.25. The disclosure for this sale can be found here. Insiders sold a total of 4,890,410 shares of company stock valued at $859,895,025 in the last quarter. Corporate insiders own 19.08% of the company’s stock.
Shares of Facebook, Inc. (NASDAQ FB) opened at $178.07 on Wednesday. Facebook, Inc. has a 12 month low of $114.00 and a 12 month high of $182.90. The firm has a market cap of $519,471.31, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. equities research analysts expect that Facebook, Inc. will post 5.81 earnings per share for the current year.
Several research analysts have recently issued reports on FB shares. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a report on Tuesday, November 7th. SunTrust Banks, Inc. restated a “buy” rating and set a $215.00 price objective on shares of Facebook in a report on Friday, November 3rd. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price objective on shares of Facebook in a report on Friday, November 3rd. Canaccord Genuity boosted their price objective on shares of Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of Facebook from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target 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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