ERTS Wealth Advisors LLC increased its holdings in Facebook, Inc. (NASDAQ:FB) by 4.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,996 shares of the social networking company’s stock after buying an additional 122 shares during the period. ERTS Wealth Advisors LLC’s holdings in Facebook were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in shares of Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Facebook by 2.8% during the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after buying an additional 4,114,043 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Facebook by 19,805.8% during the second quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock valued at $226,408,000 after buying an additional 2,252,709 shares during the last quarter. Investec Asset Management LTD grew its holdings in shares of Facebook by 5,632.6% during the second quarter. Investec Asset Management LTD now owns 2,182,413 shares of the social networking company’s stock valued at $421,206,000 after buying an additional 2,144,343 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Facebook by 12.4% during the second quarter. Jennison Associates LLC now owns 15,973,272 shares of the social networking company’s stock valued at $3,082,841,000 after buying an additional 1,758,154 shares during the last quarter. 63.60% of the stock is owned by institutional investors.
In related news, CEO Mark Zuckerberg sold 237,823 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $182.75, for a total transaction of $43,462,153.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Susan J.S. Taylor sold 1,134 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,244,072 shares of company stock valued at $416,434,607. Insiders own 14.53% of the company’s stock.
Shares of Facebook stock traded down $0.23 during trading hours on Friday, reaching $187.24. The stock had a trading volume of 1,630,154 shares, compared to its average volume of 11,753,617. The stock’s 50 day moving average is $187.42 and its 200 day moving average is $182.81. The firm has a market capitalization of $531.13 billion, a PE ratio of 24.73, a PEG ratio of 1.08 and a beta of 1.01. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 earnings per share. As a group, sell-side analysts predict that Facebook, Inc. will post 8.03 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Moffett Nathanson raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Tuesday, June 11th. Citigroup boosted their price objective on shares of Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Guggenheim reissued a “hold” rating on shares of Facebook in a report on Tuesday. Finally, Wedbush reissued an “outperform” rating and set a $220.00 price objective on shares of Facebook in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $220.92.
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.
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