Jones Financial Companies Lllp raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,927 shares of the social networking company’s stock after buying an additional 578 shares during the period. Jones Financial Companies Lllp’s holdings in Facebook were worth $13,496,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Whitnell & Co. purchased a new stake in shares of Facebook in the 4th quarter valued at approximately $26,000. Cordasco Financial Network lifted its position in shares of Facebook by 70.0% in the 2nd quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 70 shares in the last quarter. Signet Investment Advisory Group Inc. purchased a new stake in shares of Facebook in the 4th quarter valued at approximately $39,000. Clean Yield Group purchased a new stake in shares of Facebook in the 2nd quarter valued at approximately $39,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Facebook in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 62.11% of the company’s stock.
In related news, CEO Mark Zuckerberg sold 7,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $181.95, for a total value of $1,364,625.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $200.81, for a total transaction of $11,044,550.00. The disclosure for this sale can be found here. Insiders sold a total of 863,283 shares of company stock worth $160,819,836 over the last quarter. 14.53% of the stock is currently owned by company insiders.
NASDAQ:FB traded up $1.11 during midday trading on Friday, reaching $183.70. The stock had a trading volume of 12,654,600 shares, compared to its average volume of 17,631,084. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. The firm’s fifty day simple moving average is $194.93 and its 200-day simple moving average is $180.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The stock has a market capitalization of $520.92 billion, a P/E ratio of 24.27, a PEG ratio of 1.07 and a beta of 0.99.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) 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 analyst estimates of $16.49 billion. During the same period last year, the business posted $1.74 EPS. Facebook’s revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts anticipate that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.
A number of research firms have issued reports on FB. BMO Capital Markets cut their target price on shares of Facebook to $195.00 and set a “market perform” rating for the company in a research report on Tuesday, July 23rd. Morgan Stanley increased their target price on shares of Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Moffett Nathanson upgraded shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Tuesday, June 11th. Bank of America set a $224.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $215.00 target price on shares of Facebook in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $220.92.
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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