Blair William & Co. IL boosted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 37.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,610 shares of the social networking company’s stock after acquiring an additional 122,211 shares during the period. Blair William & Co. IL’s holdings in Facebook were worth $74,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. TFO TDC LLC bought a new position in Facebook during the 4th quarter worth about $25,000. Permanens Capital L.P. bought a new position in Facebook during the 4th quarter worth about $28,000. University of Texas Texas AM Investment Managment Co. bought a new position in Facebook during the 4th quarter worth about $41,000. Lighthouse Financial Advisors Inc. bought a new position in Facebook during the 4th quarter worth about $41,000. Finally, Sowa Financial Group Inc. bought a new stake in shares of Facebook in the 4th quarter valued at about $42,000. Institutional investors own 65.13% of the company’s stock.
In related news, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $223.39, for a total value of $266,951.05. Following the sale, the chief accounting officer now owns 3,147 shares of the company’s stock, valued at approximately $703,008.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $207.43, for a total transaction of $40,241.42. Following the completion of the sale, the vice president now directly owns 406 shares in the company, valued at approximately $84,216.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,199 shares of company stock valued at $13,967,456. Insiders own 14.14% of the company’s stock.
A number of analysts have recently weighed in on the stock. Jefferies Financial Group set a $250.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Thursday. UBS Group set a $242.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Facebook from $215.00 to $240.00 in a report on Thursday, April 30th. Rosenblatt Securities raised their price target on shares of Facebook from $223.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, KeyCorp lowered their price target on shares of Facebook from $263.00 to $248.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $240.98.
Shares of NASDAQ:FB traded up $3.52 during trading on Friday, hitting $234.91. 33,593,985 shares of the stock traded hands, compared to its average volume of 26,353,588. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09. The company has a market cap of $659.25 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.68 and a beta of 1.16. The company has a fifty day moving average price of $190.35 and a two-hundred day moving average price of $196.00. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $237.20.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.07). The firm had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. Facebook’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. On average, equities research analysts predict that Facebook, Inc. will post 7.25 EPS for the current fiscal year.
Facebook Company Profile
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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