Check Capital Management Inc. CA Acquires New Holdings in Facebook Inc (FB)

Check Capital Management Inc. CA acquired a new position in Facebook Inc (NASDAQ:FB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,090 shares of the social networking company’s stock, valued at approximately $467,000.

A number of other hedge funds also recently bought and sold shares of FB. D. Scott Neal Inc. raised its position in Facebook by 1,358.0% in the second 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 in the last quarter. Farmers & Merchants Investments Inc. raised its position in Facebook by 4.4% in the second 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 in the last quarter. Pacific Center for Financial Services raised its position in Facebook by 10.7% in the first 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 in the last quarter. Watermark Asset Management Inc. acquired a new stake in Facebook during the 1st quarter worth about $141,000. Finally, Vigilant Capital Management LLC raised its holdings in Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares during the period. 57.86% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Zacks Investment Research upgraded 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. Vetr downgraded Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective on the stock. in a report on Thursday. Aegis boosted their price objective on Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank Of Canada boosted their price objective on Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Finally, Barclays boosted their price objective on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating 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-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $200.73.

Shares of Facebook Inc (NASDAQ:FB) opened at $180.14 on Friday. The company has a market capitalization of $502,210.81, a P/E ratio of 33.30, a P/E/G ratio of 1.10 and a beta of 0.69. Facebook Inc has a 12 month low of $114.77 and a 12 month high of $184.25.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.09 EPS. equities analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current year.

In other Facebook news, insider Michael Todd Schroepfer sold 38,055 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $172.60, for a total transaction of $6,568,293.00. Following the completion of the sale, the insider now owns 533,937 shares of the company’s stock, valued at $92,157,526.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $170.71, for a total value of $2,731,360.00. Following the sale, the insider now directly owns 178,802 shares of the company’s stock, valued at approximately $30,523,289.42. The disclosure for this sale can be found here. In the last three months, insiders sold 4,932,625 shares of company stock valued at $879,469,497. 17.23% of the stock is currently owned by company insiders.

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About Facebook

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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