Everett Harris & Co. CA lessened its position in shares of Facebook, Inc. (NASDAQ:FB) by 44.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,605 shares of the social networking company’s stock after selling 26,435 shares during the period. Everett Harris & Co. CA’s holdings in Facebook were worth $7,631,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in FB. Watson Rebecca bought a new position in Facebook during the 2nd quarter worth approximately $25,000. JJJ Advisors Inc. lifted its holdings in shares of Facebook by 262.5% in the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after purchasing an additional 105 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Facebook in the 1st quarter worth approximately $41,000. Elmwood Wealth Management Inc. bought a new stake in shares of Facebook in the 1st quarter worth approximately $46,000. Finally, NuWave Investment Management LLC lifted its holdings in shares of Facebook by 1,019.2% in the 1st quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock worth $49,000 after purchasing an additional 265 shares during the last quarter. 65.12% of the stock is currently owned by institutional investors.
FB opened at $253.67 on Friday. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $255.85. 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’s fifty day moving average price is $235.27 and its two-hundred day moving average price is $207.59. The company has a market capitalization of $722.73 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.81 and a beta of 1.19.
Facebook (NASDAQ:FB) last posted its quarterly earnings results 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. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The firm had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. On average, equities research analysts expect that Facebook, Inc. will post 7.4 EPS for the current fiscal year.
In other Facebook news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total transaction of $40,241.42. Following the completion of the transaction, the vice president now directly owns 406 shares of the company’s stock, valued at $84,216.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief accounting officer now directly owns 3,147 shares of the company’s stock, valued at $703,008.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,591 shares of company stock valued at $14,894,825. Company insiders own 14.14% of the company’s stock.
Several analysts recently issued reports on the company. BofA Securities raised their price target on Facebook from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank raised their price target on Facebook from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. UBS Group set a $242.00 price target on Facebook and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lifted their target price on Facebook from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays lifted their target price on Facebook from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $273.37.
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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