Regal Wealth Group Inc. increased its holdings in shares of Facebook Inc (NASDAQ:FB) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,192 shares of the social networking company’s stock after purchasing an additional 42 shares during the quarter. Regal Wealth Group Inc.’s holdings in Facebook were worth $180,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC grew its holdings in Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after buying an additional 2,523,918 shares in the last quarter. State Street Corp grew its holdings in 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 in the last quarter. Jennison Associates LLC grew its holdings in Facebook by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after buying an additional 1,219,412 shares in the last quarter. Karp Capital Management Corp grew its holdings in 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 in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Facebook by 18.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,858,950 shares of the social networking company’s stock valued at $733,604,000 after buying an additional 758,700 shares in the last quarter. Hedge funds and other institutional investors own 57.86% of the company’s stock.
In other news, CEO Mark Zuckerberg sold 247,147 shares of Facebook stock in a transaction on Friday, September 8th. The stock was sold at an average price of $171.96, for a total value of $42,499,398.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $173.58, for a total value of $130,185.00. Following the completion of the transaction, the vice president now owns 94,091 shares in the company, valued at $16,332,315.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,179,022 shares of company stock valued at $921,840,196. 17.23% of the stock is currently owned by corporate insiders.
Shares of Facebook Inc (FB) opened at $176.06 on Thursday. Facebook Inc has a one year low of $114.77 and a one year high of $184.25. The stock has a market capitalization of $509,100.00, a P/E ratio of 33.04, a P/E/G ratio of 1.09 and a beta of 0.69.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the company earned $1.09 EPS. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. equities analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.
Several equities analysts have weighed in on the company. Cowen restated an “outperform” rating and set a $195.00 price target on shares of Facebook in a report on Thursday, August 10th. Citigroup restated a “buy” rating and set a $200.00 price target on shares of Facebook in a report on Wednesday, September 27th. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Cantor Fitzgerald restated a “buy” rating and set a $190.00 price target on shares of Facebook in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co restated a “buy” rating and set a $225.00 price target on shares of Facebook in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $200.70.
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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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