Zevin Asset Management LLC lifted its position in shares of Facebook Inc (NASDAQ:FB) by 54.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,103 shares of the social networking company’s stock after buying an additional 1,800 shares during the period. Zevin Asset Management LLC’s holdings in Facebook were worth $872,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. D. Scott Neal Inc. boosted its position 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 purchasing an additional 679 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Facebook in the second quarter worth $138,000. Vigilant Capital Management LLC raised its stake in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after purchasing an additional 150 shares during the last quarter. Odey Holdings AG raised its stake in shares of Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in shares of Facebook in the second quarter worth $165,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.
FB has been the subject of several recent analyst reports. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target for the company in a research note on Wednesday. UBS Group set a $208.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Deutsche Bank restated a “buy” rating on shares of Facebook in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $203.72.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the completion of the transaction, the insider now owns 172,871 shares in the company, valued at approximately $30,286,999.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,182,199 shares of company stock worth $752,724,430 in the last ninety days. Insiders own 17.23% of the company’s stock.
Facebook Inc (FB) traded down $8.40 on Friday, reaching $179.37. The company’s stock had a trading volume of 77,414,971 shares, compared to its average volume of 16,580,000. The stock has a market cap of $521,210.00, a P/E ratio of 33.34, a P/E/G ratio of 1.07 and a beta of 0.68. Facebook Inc has a one year low of $126.78 and a one year high of $188.90.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. research analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.
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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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