Horseman Capital Management Ltd trimmed its holdings in Facebook Inc (NASDAQ:FB) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,700 shares of the social networking company’s stock after selling 15,400 shares during the period. Facebook comprises about 1.8% of Horseman Capital Management Ltd’s investment portfolio, making the stock its 22nd biggest position. Horseman Capital Management Ltd’s holdings in Facebook were worth $7,980,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. D. Scott Neal Inc. grew its stake in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook during the second quarter valued at approximately $138,000. Vigilant Capital Management LLC grew its stake in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the last quarter. Odey Holdings AG grew its stake in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Facebook during the second quarter valued at approximately $165,000. Institutional investors and hedge funds own 57.73% of the company’s stock.
Facebook Inc (FB) opened at $187.84 on Thursday. The company has a market cap of $545,830.00, a PE ratio of 34.91, a PEG ratio of 1.06 and a beta of 0.68. Facebook Inc has a fifty-two week low of $124.06 and a fifty-two week high of $188.90.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $9.84 billion. During the same period last year, the firm posted $1.09 EPS. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. research analysts predict that Facebook Inc will post 5.86 EPS for the current year.
A number of research firms have weighed in on FB. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their price objective on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Canaccord Genuity raised their target price on Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-two have issued a buy rating and four have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $202.71.
In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the transaction, the vice president now directly owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,144,182 shares of company stock worth $745,583,697. 17.23% of the stock is currently owned by insiders.
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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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