MUFG Americas Holdings Corp lessened its stake in shares of Facebook Inc (NASDAQ:FB) by 7.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 111,593 shares of the social networking company’s stock after selling 8,720 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Facebook were worth $19,068,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Facebook during the 3rd quarter worth about $111,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Facebook during the 2nd quarter worth about $138,000. Stelac Advisory Services LLC acquired a new stake in shares of Facebook during the 3rd quarter worth about $152,000. Odey Holdings AG lifted its stake in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after buying an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Facebook during the 2nd quarter worth about $165,000. Institutional investors own 57.32% of the company’s stock.
A number of research firms have recently issued reports on FB. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $225.00 price objective on shares of Facebook in a research note on Thursday, November 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Facebook in a research note on Thursday, February 1st. JMP Securities set a $235.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $210.00 price objective on shares of Facebook in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus target price of $214.70.
In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold a total of 1,016,284 shares of company stock worth $182,010,071 over the last three months. Insiders own 17.23% of the company’s stock.
Shares of Facebook Inc (NASDAQ FB) opened at $177.36 on Tuesday. Facebook Inc has a 1-year low of $132.90 and a 1-year high of $195.32. The firm has a market cap of $515,230.81, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. equities analysts anticipate that Facebook Inc will post 7.28 EPS for the current year.
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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