BigSur Wealth Management LLC purchased a new position in Facebook, Inc. (NASDAQ:FB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,150 shares of the social networking company’s stock, valued at approximately $379,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after acquiring an additional 5,151,190 shares during the period. BlackRock Inc. lifted its holdings in Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. Capital World Investors lifted its holdings in Facebook by 1.5% during the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the last quarter. Northern Trust Corp lifted its holdings in Facebook by 0.4% during the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Facebook by 1.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 16,088,607 shares of the social networking company’s stock valued at $2,429,058,000 after purchasing an additional 198,882 shares during the last quarter. Institutional investors own 58.47% of the company’s stock.
Several brokerages recently issued reports on FB. Credit Suisse Group reissued an “outperform” rating and set a $232.00 price target (up from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub raised shares of Facebook from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. ValuEngine downgraded shares of Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Barclays lifted their price target on shares of Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $209.83.
Shares of NASDAQ:FB opened at $164.83 on Tuesday. Facebook, Inc. has a one year low of $139.75 and a one year high of $195.32. The company has a market cap of $477,930.63, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.89 and a beta of 0.80.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. research analysts expect that Facebook, Inc. will post 7.13 earnings per share for the current year.
In related news, VP David B. Fischer sold 5,587 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 220,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.39, for a total transaction of $39,025,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,102,678 shares of company stock valued at $1,241,324,653. 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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