Hussman Strategic Advisors Inc. increased its position in Facebook, Inc. (NASDAQ:FB) by 64.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,400 shares of the social networking company’s stock after purchasing an additional 10,000 shares during the period. Facebook accounts for about 1.1% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. Hussman Strategic Advisors Inc.’s holdings in Facebook were worth $4,237,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of FB. State Street Corp lifted its holdings in shares of Facebook by 0.7% in the 3rd quarter. State Street Corp now owns 93,435,833 shares of the social networking company’s stock worth $16,639,053,000 after purchasing an additional 627,442 shares during the last quarter. Andra AP fonden raised its stake in Facebook by 37.5% during the 3rd quarter. Andra AP fonden now owns 15,400 shares of the social networking company’s stock valued at $2,742,000 after purchasing an additional 4,200 shares during the period. Bangor Savings Bank lifted its holdings in shares of Facebook by 0.9% in the fourth quarter. Bangor Savings Bank now owns 7,679 shares of the social networking company’s stock valued at $1,576,000 after purchasing an additional 68 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Facebook by 6.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,271 shares of the social networking company’s stock worth $261,000 after buying an additional 80 shares during the period. Finally, Thomasville National Bank grew its holdings in shares of Facebook by 5.0% during the fourth quarter. Thomasville National Bank now owns 2,793 shares of the social networking company’s stock valued at $573,000 after buying an additional 133 shares in the last quarter. Institutional investors own 65.29% of the company’s stock.
A number of equities research analysts have commented on FB shares. Zacks Investment Research lowered Facebook from a “hold” rating to a “sell” rating and set a $229.00 price objective for the company. in a research report on Friday, January 10th. Robert W. Baird boosted their price objective on shares of Facebook from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Bernstein Bank assumed coverage on Facebook in a research note on Friday, January 10th. They set an “outperform” rating and a $250.00 price target for the company. Raymond James raised their price objective on shares of Facebook from $215.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Barclays cut their target price on Facebook from $260.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $239.16.
FB traded up $3.12 during trading on Wednesday, hitting $210.19. The stock had a trading volume of 5,394,683 shares, compared to its average volume of 24,818,724. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The company has a 50 day moving average price of $171.83 and a 200-day moving average price of $193.93. Facebook, Inc. has a one year low of $137.10 and a one year high of $224.20. The firm has a market cap of $590.24 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.40 and a beta of 1.16.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. As a group, sell-side analysts predict that Facebook, Inc. will post 7.25 EPS for the current fiscal year.
In other Facebook news, Director Peter Thiel sold 53,602 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $210.56, for a total value of $11,286,437.12. Following the sale, the director now owns 9,948 shares in the company, valued at $2,094,650.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer Newstead sold 970 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $207.75, for a total value of $201,517.50. Following the completion of the transaction, the vice president now directly owns 600 shares of the company’s stock, valued at approximately $124,650. The disclosure for this sale can be found here. Insiders sold 84,222 shares of company stock worth $17,398,396 in the last 90 days. 14.14% of the stock is owned by company 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.
Further Reading: Understanding each part of a balance sheet
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