Airain ltd acquired a new stake in Facebook Inc (NASDAQ:FB) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,754 shares of the social networking company’s stock, valued at approximately $416,000.
A number of other institutional investors have also recently made changes to their positions in FB. Harbour Capital Advisors LLC grew its holdings in Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after buying an additional 2,523,918 shares in the last quarter. State Street Corp grew its holdings in shares of Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares in the last quarter. HPM Partners LLC purchased a new position in shares of Facebook during the first quarter worth about $195,602,000. Jennison Associates LLC grew its holdings in shares of Facebook by 6.4% during the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after purchasing an additional 1,219,412 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Facebook by 131.8% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after purchasing an additional 1,120,000 shares in the last quarter. Institutional investors and hedge funds own 57.86% of the company’s stock.
FB has been the subject of several recent analyst reports. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Facebook in a research note on Thursday, August 10th. SunTrust Banks assumed coverage on Facebook in a research note on Tuesday, August 15th. They issued a “buy” rating and a $210.00 target price for the company. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price objective for the company in a research report on Monday, August 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $200.70.
Shares of Facebook Inc (NASDAQ:FB) traded up $4.08 during mid-day trading on Thursday, hitting $180.14. The company had a trading volume of 20,361,248 shares, compared to its average volume of 16,960,707. The company has a market cap of $502,210.81, a price-to-earnings ratio of 33.30, a P/E/G ratio of 1.10 and a beta of 0.69. Facebook Inc has a 52-week low of $114.77 and a 52-week high of $184.25.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. Facebook’s revenue was up 47.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. research analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.
In other news, CEO Mark Zuckerberg sold 247,147 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $171.96, for a total value of $42,499,398.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $173.58, for a total value of $130,185.00. Following the completion of the transaction, the vice president now directly owns 94,091 shares of the company’s stock, valued at $16,332,315.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,179,772 shares of company stock valued at $921,968,896. 17.23% of the stock is currently owned by corporate insiders.
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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