BB&T Investment Services Inc. raised its position in Facebook Inc (NASDAQ:FB) by 23.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,120 shares of the social networking company’s stock after acquiring an additional 3,885 shares during the quarter. Facebook makes up 0.7% of BB&T Investment Services Inc.’s portfolio, making the stock its 27th biggest holding. BB&T Investment Services Inc.’s holdings in Facebook were worth $3,433,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Facebook in the third quarter worth about $111,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook in the second quarter worth about $138,000. Stelac Advisory Services LLC bought a new position in shares of Facebook in the third quarter worth about $152,000. 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 buying an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in shares of Facebook in the second quarter worth about $165,000. 57.32% of the stock is currently owned by institutional investors.
Shares of Facebook Inc (FB) opened at $178.99 on Friday. Facebook Inc has a one year low of $134.16 and a one year high of $195.32. The stock has a market capitalization of $519,970.00, a P/E ratio of 33.21, a P/E/G ratio of 0.91 and a beta of 0.58.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. equities analysts anticipate that Facebook Inc will post 7.28 EPS for the current year.
FB has been the subject of several research analyst reports. JMP Securities set a $225.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Macquarie set a $205.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Robert W. Baird set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Atlantic Securities set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $225.00 target price on shares of Facebook in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $214.70.
In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $176.85, for a total value of $2,829,600.00. Following the sale, the insider now directly owns 48,407 shares of the company’s stock, valued at $8,560,777.95. The disclosure for this sale can be found here. Insiders have sold a total of 2,762,530 shares of company stock valued at $490,711,179 over the last three months. 17.23% of the stock is owned by corporate 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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