Silicon Valley Capital Partners Increases Position in Facebook, Inc. (FB)

Silicon Valley Capital Partners boosted its position in shares of Facebook, Inc. (NASDAQ:FB) by 14.9% during the 2nd quarter, Holdings Channel reports. The firm owned 20,704 shares of the social networking company’s stock after purchasing an additional 2,678 shares during the period. Facebook makes up about 1.7% of Silicon Valley Capital Partners’ holdings, making the stock its 9th biggest holding. Silicon Valley Capital Partners’ holdings in Facebook were worth $3,573,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FB. Commerce Bank lifted its position in shares of Facebook by 1.4% during the 1st quarter. Commerce Bank now owns 379,115 shares of the social networking company’s stock valued at $60,579,000 after acquiring an additional 5,299 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Facebook by 6.5% during the 1st quarter. Virginia Retirement Systems ET AL now owns 888,300 shares of the social networking company’s stock valued at $141,941,000 after acquiring an additional 54,500 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its position in shares of Facebook by 11.4% during the 1st quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 117,000 shares of the social networking company’s stock valued at $18,695,000 after acquiring an additional 12,000 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its position in shares of Facebook by 1.3% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 263,373 shares of the social networking company’s stock valued at $42,085,000 after acquiring an additional 3,290 shares during the last quarter. Finally, DDD Partners LLC lifted its position in shares of Facebook by 11.5% during the 1st quarter. DDD Partners LLC now owns 30,728 shares of the social networking company’s stock valued at $4,910,000 after acquiring an additional 3,177 shares during the last quarter. 60.30% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FB opened at $150.35 on Friday. Facebook, Inc. has a 1 year low of $139.03 and a 1 year high of $218.62. The firm has a market cap of $440.95 billion, a P/E ratio of 20.54, a PEG ratio of 0.95 and a beta of 0.55.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.30. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The business had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same period last year, the company earned $1.59 earnings per share. Facebook’s quarterly revenue was up 32.9% compared to the same quarter last year. As a group, analysts predict that Facebook, Inc. will post 7.3 EPS for the current year.

A number of equities research analysts have recently commented on the company. Wells Fargo & Co reiterated a “buy” rating and set a $220.00 price objective (down previously from $250.00) on shares of Facebook in a research report on Thursday, July 26th. Wedbush reiterated a “buy” rating and set a $250.00 price objective on shares of Facebook in a research report on Thursday, July 26th. Monness Crespi & Hardt cut their price objective on Facebook from $225.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Citigroup downgraded Facebook to a “buy” rating and cut their price objective for the company from $220.00 to $210.00 in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “buy” rating and set a $215.00 price objective (down previously from $245.00) on shares of Facebook in a research report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $194.54.

In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $184.98, for a total transaction of $138,735.00. Following the transaction, the vice president now directly owns 86,365 shares of the company’s stock, valued at $15,975,797.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 10,600 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $180.98, for a total transaction of $1,918,388.00. Following the transaction, the insider now directly owns 99,573 shares in the company, valued at $18,020,721.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,416,282 shares of company stock valued at $603,782,983. 17.23% of the stock is owned by corporate insiders.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

See Also: Return on Investment (ROI)

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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