Newman Dignan & Sheerar Inc. grew its position in Facebook, Inc. (NASDAQ:FB) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,972 shares of the social networking company’s stock after acquiring an additional 440 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Facebook were worth $1,302,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its holdings in Facebook by 42.6% during the 2nd quarter. AE Wealth Management LLC now owns 82,420 shares of the social networking company’s stock valued at $18,715,000 after purchasing an additional 24,635 shares during the last quarter. Sarasin & Partners LLP boosted its position in shares of Facebook by 223.4% during the second quarter. Sarasin & Partners LLP now owns 256,493 shares of the social networking company’s stock valued at $58,242,000 after buying an additional 177,179 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Facebook by 7.8% during the third quarter. Foundations Investment Advisors LLC now owns 7,764 shares of the social networking company’s stock valued at $2,018,000 after buying an additional 563 shares during the last quarter. Clarius Group LLC raised its holdings in shares of Facebook by 3.8% in the third quarter. Clarius Group LLC now owns 41,396 shares of the social networking company’s stock worth $10,842,000 after buying an additional 1,521 shares during the period. Finally, Donaldson Capital Management LLC raised its holdings in shares of Facebook by 23.3% in the second quarter. Donaldson Capital Management LLC now owns 1,596 shares of the social networking company’s stock worth $362,000 after buying an additional 302 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.
In related news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $246.22, for a total transaction of $47,766.68. Following the completion of the sale, the vice president now owns 2,112 shares of the company’s stock, valued at $520,016.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO David B. Fischer sold 13,110 shares of Facebook stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $293.95, for a total value of $3,853,684.50. The disclosure for this sale can be found here. Insiders have sold 34,023 shares of company stock valued at $9,420,337 over the last quarter. Insiders own 14.14% of the company’s stock.
Shares of FB stock opened at $265.93 on Friday. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $304.67. The firm has a market capitalization of $757.59 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.80 and a beta of 1.29. The stock’s 50-day simple moving average is $268.73 and its 200-day simple moving average is $234.17.
Facebook (NASDAQ:FB) last released its earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 22.90%. The company had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. As a group, equities analysts expect that Facebook, Inc. will post 8.11 earnings per share for the current year.
Several equities analysts have commented on the company. Royal Bank of Canada upped their price objective on Facebook from $271.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Jefferies Financial Group set a $310.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Wednesday, September 23rd. UBS Group boosted their price objective on shares of Facebook from $242.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Moffett Nathanson upped their target price on shares of Facebook from $240.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Finally, MKM Partners lifted their price target on shares of Facebook from $240.00 to $290.00 in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $283.11.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
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