Seatown Holdings Pte. Ltd. decreased its stake in Facebook, Inc. (NASDAQ:FB) by 27.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,351 shares of the social networking company’s stock after selling 82,000 shares during the quarter. Facebook accounts for about 4.5% of Seatown Holdings Pte. Ltd.’s portfolio, making the stock its 5th largest position. Seatown Holdings Pte. Ltd.’s holdings in Facebook were worth $32,363,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. raised its position in Facebook by 2,478.1% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 79,200 shares of the social networking company’s stock valued at $11,250,000 after buying an additional 76,128 shares during the last quarter. Nicolet Bankshares Inc. bought a new position in Facebook in the first quarter valued at approximately $203,000. Mn Services Vermogensbeheer B.V. grew its stake in Facebook by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 62,563 shares of the social networking company’s stock valued at $8,309,000 after purchasing an additional 2,172 shares in the last quarter. NBW Capital LLC grew its stake in Facebook by 12.5% in the first quarter. NBW Capital LLC now owns 50,014 shares of the social networking company’s stock valued at $7,104,000 after purchasing an additional 5,554 shares in the last quarter. Finally, Pinnacle Advisory Group Inc. grew its stake in Facebook by 8.7% in the first quarter. Pinnacle Advisory Group Inc. now owns 2,088 shares of the social networking company’s stock valued at $297,000 after purchasing an additional 167 shares in the last quarter. 57.24% of the stock is currently owned by institutional investors.
Shares of Facebook, Inc. (NASDAQ FB) traded up 4.25% on Friday, reaching $177.88. 30,285,281 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $171.48 and its 200-day moving average price is $160.26. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $178.21. The company has a market capitalization of $516.60 billion, a P/E ratio of 39.81 and a beta of 0.70.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s revenue was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, equities analysts anticipate that Facebook, Inc. will post $5.34 EPS for the current year.
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Several analysts recently issued reports on FB shares. Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Wedbush reaffirmed a “buy” rating on shares of Facebook in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Facebook in a report on Thursday, July 27th. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Finally, Macquarie set a $175.00 price objective on Facebook and gave the company a “buy” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $185.89.
In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $169.93, for a total value of $127,447.50. Following the sale, the vice president now owns 83,156 shares of the company’s stock, valued at approximately $14,130,699.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The disclosure for this sale can be found here. Insiders have sold 5,706,683 shares of company stock valued at $973,058,572 in the last ninety days. Company insiders own 19.08% of the company’s stock.
Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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