Handelsbanken Fonder AB raised its stake in Facebook, Inc. (NASDAQ:FB) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 495,000 shares of the social networking company’s stock after buying an additional 1,100 shares during the period. Facebook makes up about 2.0% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 10th largest position. Handelsbanken Fonder AB’s holdings in Facebook were worth $70,315,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Xact Kapitalforvaltning AB boosted its position in shares of Facebook by 8.2% in the first quarter. Xact Kapitalforvaltning AB now owns 396,279 shares of the social networking company’s stock worth $56,291,000 after buying an additional 29,899 shares in the last quarter. Trust Co. of Vermont boosted its position in Facebook by 6.5% in the first quarter. Trust Co. of Vermont now owns 56,340 shares of the social networking company’s stock worth $8,003,000 after buying an additional 3,460 shares during the period. Davis R M Inc. boosted its position in Facebook by 66.1% in the first quarter. Davis R M Inc. now owns 110,819 shares of the social networking company’s stock worth $15,742,000 after buying an additional 44,099 shares during the period. Terra Nova Asset Management LLC boosted its position in Facebook by 4.1% in the first quarter. Terra Nova Asset Management LLC now owns 7,504 shares of the social networking company’s stock worth $1,066,000 after buying an additional 293 shares during the period. Finally, Checchi Capital Advisers LLC boosted its position in Facebook by 10.2% in the first quarter. Checchi Capital Advisers LLC now owns 18,354 shares of the social networking company’s stock worth $2,607,000 after buying an additional 1,693 shares during the period. 57.40% of the stock is currently owned by hedge funds and other institutional investors.
Facebook, Inc. (FB) traded up 0.30% on Friday, hitting $167.41. 15,093,638 shares of the company were exchanged. The stock’s 50-day moving average price is $163.85 and its 200-day moving average price is $148.79. The stock has a market capitalization of $486.19 billion, a P/E 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.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was up 44.8% compared to the same quarter last year. On average, equities research analysts anticipate that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on FB. UBS AG set a $168.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, May 4th. Robert W. Baird reiterated an “outperform” rating and issued a $163.00 target price on shares of Facebook in a research note on Thursday, May 4th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $154.73 price target for the company in a report on Wednesday, May 17th. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Mizuho reissued a “buy” rating on shares of Facebook in a report on Monday, August 7th. Two equities research 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $183.47.
In related news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $148.03, for a total transaction of $2,368,480.00. Following the completion of the transaction, the insider now directly owns 221,328 shares in the company, valued at approximately $32,763,183.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $148.54, for a total value of $111,405.00. Following the transaction, the vice president now owns 90,656 shares of the company’s stock, valued at $13,466,042.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,702,398 shares of company stock valued at $2,054,828,660. 19.08% of the stock is owned by company insiders.
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.
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