Duality Advisers LP purchased a new stake in Facebook, Inc. (NASDAQ:FB) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,015 shares of the social networking company’s stock, valued at approximately $5,453,000.
Other large investors have also made changes to their positions in the company. Watson Rebecca bought a new stake in shares of Facebook during the second quarter valued at approximately $25,000. JJJ Advisors Inc. grew its holdings in Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 105 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Facebook in the first quarter valued at approximately $41,000. Elmwood Wealth Management Inc. acquired a new stake in Facebook in the first quarter valued at approximately $46,000. Finally, NuWave Investment Management LLC grew its holdings in Facebook by 1,019.2% in the first quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 265 shares during the period. 65.12% of the stock is owned by hedge funds and other institutional investors.
Shares of FB opened at $253.67 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The firm has a 50 day simple moving average of $235.27 and a 200-day simple moving average of $207.59. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $255.85. The stock has a market cap of $722.73 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. On average, equities analysts expect that Facebook, Inc. will post 7.4 earnings per share for the current fiscal year.
FB has been the topic of several research analyst reports. BofA Securities raised their price objective on Facebook from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday. Guggenheim raised their target price on Facebook from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised their target price on Facebook from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Raymond James raised their target price on Facebook from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Friday. They noted that the move was a valuation call. Finally, BidaskClub downgraded Facebook from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $273.37.
In other Facebook news, CRO David B. Fischer sold 22,000 shares of Facebook stock in a transaction on Friday, May 15th. The shares were sold at an average price of $205.29, for a total value of $4,516,380.00. Following the transaction, the executive now owns 57,503 shares in the company, valued at approximately $11,804,790.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $234.76, for a total transaction of $45,543.44. Following the completion of the transaction, the vice president now owns 1,918 shares in the company, valued at approximately $450,269.68. The disclosure for this sale can be found here. Insiders sold a total of 68,591 shares of company stock valued at $14,894,825 over the last ninety days. 14.14% of the stock is owned by corporate insiders.
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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