Van Leeuwen & Company LLC Boosts Position in Facebook, Inc. (NASDAQ:FB)

Van Leeuwen & Company LLC boosted its holdings in Facebook, Inc. (NASDAQ:FB) by 114.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,781 shares of the social networking company’s stock after buying an additional 2,015 shares during the period. Van Leeuwen & Company LLC’s holdings in Facebook were worth $730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cantor Fitzgerald Investment Adviser L.P. acquired a new stake in Facebook in the second quarter valued at approximately $205,000. Executive Wealth Management LLC acquired a new stake in Facebook in the fourth quarter valued at approximately $5,196,000. Ruggie Capital Group grew its position in Facebook by 53.8% in the fourth quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock valued at $58,000 after acquiring an additional 156 shares in the last quarter. Heritage Investors Management Corp grew its position in Facebook by 13.1% in the fourth quarter. Heritage Investors Management Corp now owns 36,210 shares of the social networking company’s stock valued at $4,747,000 after acquiring an additional 4,190 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Facebook in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 62.11% of the company’s stock.

Shares of NASDAQ FB traded down $5.30 during midday trading on Wednesday, reaching $183.15. 3,875,888 shares of the company traded hands, compared to its average volume of 18,096,547. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The stock’s 50-day moving average is $195.35. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $535.93 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The company’s revenue was up 27.6% on a year-over-year basis. As a group, equities analysts anticipate that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 133,100 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $188.66, for a total value of $25,110,646.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan J.S. Taylor sold 1,472 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $181.89, for a total transaction of $267,742.08. Following the completion of the sale, the insider now owns 569 shares in the company, valued at $103,495.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 675,183 shares of company stock worth $126,091,951. Company insiders own 14.53% of the company’s stock.

Several analysts have issued reports on the stock. Cleveland Research reaffirmed a “buy” rating on shares of Facebook in a research report on Monday, April 22nd. Bank of America set a $224.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Friday, July 19th. Credit Suisse Group raised their price target on shares of Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Pivotal Research reissued a “buy” rating and set a $225.00 price target (up previously from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Finally, Jefferies Financial Group raised their price target on shares of Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $220.92.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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