Facebook Inc (FB) Holdings Raised by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC raised its holdings in shares of Facebook Inc (NASDAQ:FB) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,190 shares of the social networking company’s stock after acquiring an additional 12,790 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Facebook were worth $20,024,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Essex Financial Services Inc. grew its position in shares of Facebook by 7.6% during the third quarter. Essex Financial Services Inc. now owns 25,556 shares of the social networking company’s stock valued at $4,367,000 after purchasing an additional 1,811 shares in the last quarter. WESPAC Advisors SoCal LLC grew its position in shares of Facebook by 15.8% during the third quarter. WESPAC Advisors SoCal LLC now owns 12,051 shares of the social networking company’s stock valued at $2,059,000 after purchasing an additional 1,640 shares in the last quarter. BSW Wealth Partners purchased a new position in shares of Facebook during the third quarter valued at about $242,000. Community Trust & Investment Co. grew its position in shares of Facebook by 18.3% during the third quarter. Community Trust & Investment Co. now owns 138,901 shares of the social networking company’s stock valued at $23,734,000 after purchasing an additional 21,506 shares in the last quarter. Finally, Pax World Management LLC grew its position in shares of Facebook by 8.0% during the third quarter. Pax World Management LLC now owns 19,660 shares of the social networking company’s stock valued at $3,359,000 after purchasing an additional 1,462 shares in the last quarter. 57.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Facebook Inc (FB) opened at $181.29 on Friday. The stock has a market cap of $526,793.94, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68. Facebook Inc has a 12 month low of $126.78 and a 12 month high of $188.90.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. equities analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the completion of the sale, the insider now owns 172,871 shares of the company’s stock, valued at $30,286,999.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the sale, the vice president now directly owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The disclosure for this sale can be found here. In the last three months, insiders sold 4,181,449 shares of company stock valued at $752,592,962. 17.23% of the stock is owned by insiders.

A number of brokerages have recently weighed in on FB. Credit Suisse Group restated an “outperform” rating and set a $232.00 price objective (up previously from $230.00) on shares of Facebook in a research report on Monday, January 8th. Stifel Nicolaus lowered Facebook from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective for the company in a research report on Monday, September 25th. Morgan Stanley restated an “overweight” rating and set a $195.00 price objective (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Finally, Wells Fargo & Co set a $215.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $202.86.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2018/01/21/facebook-inc-fb-holdings-raised-by-global-x-management-co-llc.html.

Facebook Company Profile

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply