Parkwood LLC Acquires 9,417 Shares of Facebook Inc (FB)

Parkwood LLC grew its holdings in Facebook Inc (NASDAQ:FB) by 32.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 38,422 shares of the social networking company’s stock after buying an additional 9,417 shares during the quarter. Facebook comprises approximately 1.0% of Parkwood LLC’s holdings, making the stock its 26th largest holding. Parkwood LLC’s holdings in Facebook were worth $6,565,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FB. Rockland Trust Co. raised its stake in shares of Facebook by 0.7% during the 3rd quarter. Rockland Trust Co. now owns 63,517 shares of the social networking company’s stock worth $10,853,000 after acquiring an additional 451 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Facebook by 19.0% during the 3rd quarter. American Century Companies Inc. now owns 11,722,161 shares of the social networking company’s stock worth $2,002,966,000 after acquiring an additional 1,873,961 shares in the last quarter. Nwam LLC raised its stake in shares of Facebook by 2.2% during the 3rd quarter. Nwam LLC now owns 15,624 shares of the social networking company’s stock worth $2,670,000 after acquiring an additional 336 shares in the last quarter. AIMZ Investment Advisors LLC raised its stake in shares of Facebook by 5.5% during the 3rd quarter. AIMZ Investment Advisors LLC now owns 11,255 shares of the social networking company’s stock worth $1,923,000 after acquiring an additional 590 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Facebook by 1.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 390,711 shares of the social networking company’s stock worth $66,761,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Shares of Facebook Inc (NASDAQ:FB) opened at $179.37 on Friday. Facebook Inc has a twelve month low of $126.78 and a twelve month high of $188.90. The stock has a market cap of $521,214.78, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.02 and a beta of 0.68.

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, topping the Zacks’ 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 firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. analysts anticipate that Facebook Inc will post 5.86 EPS for the current fiscal year.

Several research analysts recently commented on FB shares. Cowen reiterated an “average” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Needham & Company LLC reissued a “buy” rating and set a $185.00 target price on shares of Facebook in a research report on Thursday, October 5th. Finally, KeyCorp reissued a “buy” rating and set a $200.00 target price on shares of Facebook in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average target price of $203.72.

In other Facebook news, insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the transaction, the insider now directly owns 381,521 shares in the company, valued at $71,661,089.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the transaction, the insider now owns 172,871 shares of the company’s stock, valued at $30,286,999.20. The disclosure for this sale can be found here. Insiders have sold 4,182,199 shares of company stock worth $752,724,430 over the last three months. 17.23% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This piece was published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.thestockobserver.com/2018/01/14/parkwood-llc-acquires-9417-shares-of-facebook-inc-fb.html.

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply