Rosenblum Silverman Sutton S F Inc. CA lessened its position in Facebook, Inc. (NASDAQ:FB) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 51,062 shares of the social networking company’s stock after selling 1,214 shares during the period. Facebook makes up about 3.7% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 8th largest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Facebook were worth $9,855,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in FB. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in Facebook during the second quarter worth $205,000. Executive Wealth Management LLC bought a new stake in Facebook during the fourth quarter worth $5,196,000. Ruggie Capital Group lifted its holdings in Facebook by 53.8% during the fourth quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock worth $58,000 after acquiring an additional 156 shares during the period. Heritage Investors Management Corp lifted its holdings in Facebook by 13.1% during the fourth quarter. Heritage Investors Management Corp now owns 36,210 shares of the social networking company’s stock worth $4,747,000 after acquiring an additional 4,190 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in Facebook during the fourth quarter worth $80,000. 62.11% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $200.81, for a total transaction of $11,044,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David B. Fischer sold 11,572 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $180.28, for a total value of $2,086,200.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 808,283 shares of company stock valued at $150,830,736. 14.53% of the stock is owned by company insiders.
Shares of NASDAQ FB opened at $179.71 on Thursday. The stock has a market capitalization of $528.85 billion, a PE ratio of 23.74, a PEG ratio of 1.09 and a beta of 0.99. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The company has a fifty day moving average of $195.17.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. Analysts predict that Facebook, Inc. will post 7.96 EPS for the current fiscal year.
A number of analysts recently commented on the company. Loop Capital lifted their price target on Facebook from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Goldman Sachs Group set a $228.00 price target on Facebook and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Credit Suisse Group lifted their price target on Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Pivotal Research reiterated a “buy” rating and set a $225.00 price target (up from $220.00) on shares of Facebook in a report on Thursday, July 25th. Finally, Canaccord Genuity lifted their price target on Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $220.92.
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.
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