Eqis Capital Management Inc. boosted its stake in Facebook, Inc. (NASDAQ:FB) by 12.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,175 shares of the social networking company’s stock after acquiring an additional 4,081 shares during the period. Facebook accounts for about 0.7% of Eqis Capital Management Inc.’s holdings, making the stock its 21st biggest position. Eqis Capital Management Inc.’s holdings in Facebook were worth $8,106,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of FB. Permanens Capital L.P. acquired a new position in Facebook in the 4th quarter valued at about $28,000. Lighthouse Financial Advisors Inc. acquired a new position in Facebook in the 4th quarter valued at about $41,000. University of Texas Texas AM Investment Managment Co. acquired a new position in Facebook in the 4th quarter valued at about $41,000. HHM Wealth Advisors LLC purchased a new stake in Facebook in the 1st quarter valued at approximately $41,000. Finally, Sowa Financial Group Inc. purchased a new stake in Facebook in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 65.11% of the company’s stock.
In related news, VP Jennifer Newstead sold 970 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $207.75, for a total transaction of $201,517.50. Following the transaction, the vice president now owns 600 shares in the company, valued at $124,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Wehner sold 11,764 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $231.66, for a total transaction of $2,725,248.24. Following the transaction, the chief financial officer now owns 19,412 shares in the company, valued at approximately $4,496,983.92. The disclosure for this sale can be found here. Insiders have sold 55,585 shares of company stock worth $11,885,393 in the last quarter. Company insiders own 14.14% of the company’s stock.
Shares of NASDAQ:FB traded down $0.37 during trading hours on Friday, hitting $225.09. The stock had a trading volume of 23,322,476 shares, compared to its average volume of 24,315,716. The stock’s fifty day simple moving average is $200.58 and its 200 day simple moving average is $197.37. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $240.90. The firm has a market capitalization of $641.30 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.63 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.25 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Facebook’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that Facebook, Inc. will post 7.27 EPS for the current year.
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Facebook from $215.00 to $240.00 in a report on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of Facebook in a report on Wednesday, May 20th. Rosenblatt Securities lifted their price objective on Facebook from $223.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Facebook in a report on Thursday, April 16th. Finally, Mizuho lifted their price objective on Facebook from $220.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $242.74.
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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