Cim LLC raised its holdings in Facebook Inc (NASDAQ:FB) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,410 shares of the social networking company’s stock after purchasing an additional 914 shares during the period. Facebook makes up about 5.1% of Cim LLC’s portfolio, making the stock its 3rd largest holding. Cim LLC’s holdings in Facebook were worth $12,202,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. D. Scott Neal Inc. raised its position in shares of Facebook by 1,358.0% in the 2nd 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 in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook in the 3rd quarter valued at approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook in the 2nd quarter valued at approximately $138,000. Vigilant Capital Management LLC raised its position in shares of Facebook by 17.8% in the 2nd 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 in the last quarter. Finally, Odey Holdings AG raised its position in shares of Facebook by 5.4% in the 2nd 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 in the last quarter. 57.75% of the stock is owned by hedge funds and other institutional investors.
Facebook Inc (NASDAQ:FB) opened at $181.29 on Friday. Facebook Inc has a 12-month low of $126.78 and a 12-month high of $188.90. The stock has a market cap of $531,160.00, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 1.00 and a beta of 0.68.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was up 47.3% on a year-over-year basis. equities research analysts forecast that Facebook Inc will post 5.86 EPS for the current year.
In other news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $175.20, for a total value of $2,803,200.00. Following the sale, the insider now directly owns 172,871 shares of the company’s stock, valued at approximately $30,286,999.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 89,916 shares in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,181,449 shares of company stock valued at $752,592,962. Corporate insiders own 17.23% of the company’s stock.
FB has been the subject of several analyst reports. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays boosted their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC boosted their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Wedbush set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average target price of $202.86.
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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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