Facebook, Inc. (NASDAQ:FB) Stake Boosted by Davis Capital Management

Davis Capital Management increased its holdings in Facebook, Inc. (NASDAQ:FB) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,558 shares of the social networking company’s stock after purchasing an additional 142 shares during the period. Facebook makes up 1.5% of Davis Capital Management’s investment portfolio, making the stock its 22nd biggest holding. Davis Capital Management’s holdings in Facebook were worth $808,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FB. Capital International Investors boosted its holdings in Facebook by 14.1% in the first quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock worth $8,604,068,000 after purchasing an additional 6,394,036 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Facebook by 36.9% in the first quarter. Wellington Management Group LLP now owns 15,704,846 shares of the social networking company’s stock worth $2,619,569,000 after purchasing an additional 4,236,566 shares in the last quarter. Copper Rock Capital Partners LLC boosted its holdings in Facebook by 6,224.9% in the second quarter. Copper Rock Capital Partners LLC now owns 3,959,790 shares of the social networking company’s stock worth $821,695,000 after purchasing an additional 3,897,184 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Facebook by 1,141.8% in the first quarter. Fisher Asset Management LLC now owns 3,852,395 shares of the social networking company’s stock worth $642,580,000 after purchasing an additional 3,542,165 shares in the last quarter. Finally, Public Investment Fund bought a new stake in Facebook in the first quarter worth $521,859,000. Hedge funds and other institutional investors own 65.12% of the company’s stock.

In other Facebook news, VP Jennifer Newstead sold 194 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total value of $40,241.42. Following the completion of the transaction, the vice president now directly owns 406 shares in the company, valued at approximately $84,216.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Susan J.S. Taylor sold 1,195 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total value of $266,951.05. Following the completion of the transaction, the chief accounting officer now 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 quarter, insiders have sold 68,591 shares of company stock valued at $14,894,825. 14.14% of the stock is currently owned by corporate insiders.

NASDAQ FB opened at $253.67 on Friday. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $255.85. The firm has a market capitalization of $722.73 billion, a P/E ratio of 30.97, a PEG ratio of 1.81 and a beta of 1.19. 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 50-day moving average price of $235.27 and a 200-day moving average price of $207.59.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $17.29 billion. As a group, equities research analysts anticipate that Facebook, Inc. will post 7.4 EPS for the current year.

FB has been the subject of a number of research analyst reports. BidaskClub lowered shares of Facebook from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research report on Friday, June 12th. MKM Partners boosted their target price on shares of Facebook from $240.00 to $290.00 in a research report on Wednesday, July 15th. Mizuho boosted their target price on shares of Facebook from $245.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, Nomura Instinet boosted their target price on shares of Facebook from $253.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $273.37.

Facebook 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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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