Willow Creek Wealth Management Inc. acquired a new stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,081 shares of the social networking company’s stock, valued at approximately $209,000.
A number of other large investors have also recently bought and sold shares of FB. Cim LLC lifted its holdings in Facebook by 1.9% in the second quarter. Cim LLC now owns 53,619 shares of the social networking company’s stock valued at $10,348,000 after acquiring an additional 986 shares during the period. Perella Weinberg Partners Capital Management LP acquired a new stake in Facebook in the second quarter valued at $4,237,000. Dowling & Yahnke LLC lifted its holdings in Facebook by 0.6% in the second quarter. Dowling & Yahnke LLC now owns 42,772 shares of the social networking company’s stock valued at $8,255,000 after acquiring an additional 248 shares during the period. Westbourne Investment Advisors Inc. lifted its holdings in Facebook by 2.4% in the second quarter. Westbourne Investment Advisors Inc. now owns 22,767 shares of the social networking company’s stock valued at $4,394,000 after acquiring an additional 533 shares during the period. Finally, First National Trust Co lifted its holdings in Facebook by 16.8% in the second quarter. First National Trust Co now owns 35,415 shares of the social networking company’s stock valued at $6,835,000 after acquiring an additional 5,099 shares during the period. Hedge funds and other institutional investors own 61.84% of the company’s stock.
FB stock traded down $3.71 during trading on Friday, hitting $189.02. The stock had a trading volume of 15,284,654 shares, compared to its average volume of 16,766,467. The company has a 50 day moving average price of $195.36. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. The company has a market capitalization of $550.15 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, analysts predict that Facebook, Inc. will post 7.96 earnings per share for the current year.
A number of research firms have commented on FB. Nomura raised their target price on Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Mizuho raised their target price on Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a report on Thursday, July 25th. SunTrust Banks reissued a “buy” rating and issued a $215.00 target price on shares of Facebook in a report on Tuesday, July 23rd. Cowen reissued an “outperform” rating and issued a $225.00 target price (up previously from $195.00) on shares of Facebook in a report on Thursday, April 25th. Finally, Barclays raised their target price on Facebook from $210.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $220.92.
In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $175.82, for a total value of $9,670,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wehner sold 10,748 shares of Facebook stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $184.50, for a total value of $1,983,006.00. The disclosure for this sale can be found here. Insiders sold a total of 360,793 shares of company stock valued at $67,585,618 in the last three months. 14.53% of the stock is currently owned by corporate insiders.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
See Also: Hedge Funds
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