Quadrant Capital Management LLC Holds Position in Facebook, Inc. (NASDAQ:FB)

Quadrant Capital Management LLC continued to hold its position in shares of Facebook, Inc. (NASDAQ:FB) during the first quarter, according to its most recent filing with the SEC. The firm owned 20,065 shares of the social networking company’s stock at the end of the first quarter. Facebook makes up approximately 2.3% of Quadrant Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Quadrant Capital Management LLC’s holdings in Facebook were worth $2,850,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Financial Corp IN raised its stake in shares of Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock worth $346,000 after buying an additional 11 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after buying an additional 21 shares during the last quarter. Barrington Strategic Wealth Management Group LLC increased its position in shares of Facebook by 1.3% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 2,015 shares of the social networking company’s stock valued at $232,000 after buying an additional 25 shares during the last quarter. Cordasco Financial Network increased its position in shares of Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock valued at $288,000 after buying an additional 29 shares during the last quarter. Finally, Donald L. Hagan LLC increased its position in shares of Facebook by 0.8% in the first quarter. Donald L. Hagan LLC now owns 4,240 shares of the social networking company’s stock valued at $602,000 after buying an additional 35 shares during the last quarter. Institutional investors own 57.40% of the company’s stock.

Facebook, Inc. (NASDAQ:FB) traded up 0.30% during mid-day trading on Friday, hitting $167.41. 15,093,638 shares of the stock were exchanged. 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, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a 50 day moving average price of $163.85 and a 200 day moving average price of $148.79.

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

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Several research analysts have commented on FB shares. William Blair reaffirmed an “outperform” rating on shares of Facebook in a report on Saturday, April 22nd. Instinet reaffirmed a “buy” rating and set a $165.00 target price on shares of Facebook in a report on Saturday, April 22nd. Macquarie reaffirmed an “outperform” rating and set a $160.00 target price on shares of Facebook in a report on Saturday, April 22nd. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $180.00 target price on shares of Facebook in a report on Friday, April 21st. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Facebook in a research note on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $183.47.

In other news, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,087,069.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 279,533 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $152.04, for a total transaction of $42,500,197.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,702,398 shares of company stock valued at $2,054,828,660. 19.08% of the stock is owned by insiders.

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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