Blue Granite Capital LLC Maintains Stake in Facebook, Inc. (FB)

Blue Granite Capital LLC continued to hold its position in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,270 shares of the social networking company’s stock at the end of the second quarter. Blue Granite Capital LLC’s holdings in Facebook were worth $1,249,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its stake in Facebook by 1.7% in 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 buying an additional 1,536,158 shares during the period. Viking Global Investors LP boosted its stake in Facebook by 1.2% in the fourth quarter. Viking Global Investors LP now owns 18,978,163 shares of the social networking company’s stock worth $2,183,438,000 after buying an additional 228,753 shares during the period. Norges Bank purchased a new stake in Facebook during the fourth quarter valued at about $2,046,500,000. Loomis Sayles & Co. L P boosted its position in shares of Facebook by 4.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 12,789,217 shares of the social networking company’s stock valued at $1,471,399,000 after buying an additional 493,666 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Facebook by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,126,937 shares of the social networking company’s stock valued at $1,012,382,000 after buying an additional 349,947 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Facebook, Inc. (FB) opened at 168.08 on Friday. The firm has a market capitalization of $488.14 billion, a price-to-earnings ratio of 37.62 and a beta of 0.70. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The stock’s 50 day moving average price is $161.50 and its 200-day moving average price is $147.44.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Equities analysts anticipate that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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Several research analysts have recently weighed in on the company. Cowen and Company restated an “outperform” rating and set a $195.00 target price on shares of Facebook in a report on Thursday. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday. Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday. MKM Partners reissued a “buy” rating and issued a $200.00 target price (up previously from $180.00) on shares of Facebook in a research report on Monday, August 7th. Finally, Mizuho restated a “buy” rating on shares of Facebook in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $182.00.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $171.88, for a total value of $128,910.00. Following the sale, the vice president now directly owns 82,406 shares in the company, valued at $14,163,943.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Insiders sold 10,221,076 shares of company stock valued at $1,613,683,519 in the last 90 days. Company insiders own 19.08% of the company’s stock.

About Facebook

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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