Blue Granite Capital LLC Continues to Hold Stake in Facebook, Inc. (FB)

Blue Granite Capital LLC held its stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Meridian Wealth Management LLC bought a new stake in Facebook during the fourth quarter valued at about $4,731,000. Lyell Wealth Management LP bought a new stake in Facebook during the fourth quarter valued at about $3,931,000. Polen Capital Management LLC raised its stake in Facebook by 8.2% in the fourth quarter. Polen Capital Management LLC now owns 5,003,453 shares of the social networking company’s stock valued at $575,647,000 after buying an additional 380,640 shares during the period. Shelton Capital Management raised its stake in Facebook by 3.5% in the fourth quarter. Shelton Capital Management now owns 253,037 shares of the social networking company’s stock valued at $29,112,000 after buying an additional 8,513 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Facebook by 14,147.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 156,008 shares of the social networking company’s stock valued at $156,000 after buying an additional 154,913 shares during the period. Institutional investors and hedge funds own 57.40% of the company’s stock.

Shares of Facebook, Inc. (NASDAQ FB) traded up 0.30% on Friday, hitting $167.41. The company’s stock had a trading volume of 15,093,638 shares. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The stock has a 50-day moving average price of $163.85 and a 200 day moving average price of $148.79. The firm has a market cap of $486.19 billion, a price-to-earnings ratio of 37.47 and a beta of 0.70.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 44.8% compared to the same quarter last year. Equities research analysts predict that Facebook, Inc. will post $5.33 EPS for the current year.

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Several analysts recently weighed in on the company. UBS AG set a $168.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, May 4th. Robert W. Baird restated an “outperform” rating and set a $163.00 price objective on shares of Facebook in a research report on Thursday, May 4th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $154.73 price objective for the company in a research report on Wednesday, May 17th. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Mizuho restated a “buy” rating on shares of Facebook in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. Facebook has an average rating of “Buy” and an average price target of $183.47.

In other Facebook news, COO Sheryl Sandberg sold 163,500 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $149.55, for a total value of $24,451,425.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $148.03, for a total transaction of $2,368,480.00. Following the completion of the sale, the insider now directly owns 221,328 shares in the company, valued at approximately $32,763,183.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,702,398 shares of company stock worth $2,054,828,660. Company insiders own 19.08% of the company’s stock.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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