Parallel Advisors LLC lifted its stake in Facebook Inc (NASDAQ:FB) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,387 shares of the social networking company’s stock after buying an additional 1,817 shares during the period. Facebook makes up approximately 1.3% of Parallel Advisors LLC’s holdings, making the stock its 11th largest holding. Parallel Advisors LLC’s holdings in Facebook were worth $6,666,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Harbour Capital Advisors LLC boosted its position in Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after acquiring an additional 2,523,918 shares in the last quarter. State Street Corp raised its holdings in Facebook by 1.7% in the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after acquiring an additional 1,536,158 shares during the last quarter. HPM Partners LLC purchased a new position in Facebook in the 1st quarter worth approximately $195,602,000. Jennison Associates LLC raised its holdings in Facebook by 6.4% in the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after acquiring an additional 1,219,412 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt raised its holdings in Facebook by 131.8% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after acquiring an additional 1,120,000 shares during the last quarter. Institutional investors own 57.86% of the company’s stock.
In other news, CEO Mark Zuckerberg sold 247,147 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $171.96, for a total value of $42,499,398.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Wehner sold 15,470 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $179.05, for a total transaction of $2,769,903.50. Following the completion of the transaction, the chief financial officer now owns 67,539 shares of the company’s stock, valued at approximately $12,092,857.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,195,022 shares of company stock worth $924,578,276. 17.23% of the stock is owned by insiders.
FB has been the subject of a number of research reports. Pivotal Research reiterated a “sell” rating and set a $140.00 target price on shares of Facebook in a research note on Wednesday, September 6th. MKM Partners restated a “buy” rating and issued a $200.00 price objective (up from $180.00) on shares of Facebook in a research note on Monday, August 7th. Mizuho restated a “buy” rating on shares of Facebook in a research note on Monday, August 7th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 target price for the company in a report on Monday, August 21st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $215.00 target price (up previously from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $199.18.
Facebook Inc (FB) traded up $1.36 during trading hours on Tuesday, reaching $172.83. 20,169,411 shares of the company’s stock traded hands, compared to its average volume of 16,932,068. Facebook Inc has a 12 month low of $114.77 and a 12 month high of $184.25. The firm has a market cap of $502,700.00, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the prior year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. analysts forecast that Facebook Inc will post 5.86 EPS for the current fiscal year.
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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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