Wrapmanager Inc. Has $1.03 Million Position in Facebook, Inc. (FB)

Wrapmanager Inc. boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,821 shares of the social networking company’s stock after purchasing an additional 409 shares during the period. Wrapmanager Inc.’s holdings in Facebook were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FB. Hartford Financial Management Inc. raised its holdings in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the period. Enterprise Financial Services Corp raised its holdings in Facebook by 1.0% during the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after acquiring an additional 21 shares during the period. Wagner Bowman Management Corp raised its holdings in Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC raised its holdings in Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after acquiring an additional 30 shares during the period. Finally, Keel Point LLC raised its holdings in Facebook by 1.5% during the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after acquiring an additional 34 shares during the period. Institutional investors own 57.27% of the company’s stock.

In related news, insider Michael Todd Schroepfer sold 37,963 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $171.98, for a total transaction of $6,528,876.74. Following the completion of the transaction, the insider now owns 882,427 shares of the company’s stock, valued at approximately $151,759,795.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $169.95, for a total transaction of $2,719,200.00. Following the transaction, the insider now directly owns 180,871 shares of the company’s stock, valued at approximately $30,739,026.45. The disclosure for this sale can be found here. Insiders have sold a total of 8,306,683 shares of company stock valued at $1,441,300,245 in the last 90 days. Insiders own 19.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Wrapmanager Inc. Has $1.03 Million Position in Facebook, Inc. (FB)” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.com-unik.info/2017/11/03/wrapmanager-inc-has-1-03-million-position-in-facebook-inc-fb.html.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 24.45%. The business’s revenue was up 47.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS.

FB has been the topic of a number of recent analyst reports. Cowen and Company reissued an “average” rating and set a $200.00 price target (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Deutsche Bank AG raised their price target on Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price target (up from $165.00) on shares of Facebook in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $195.93.

Facebook 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)

What are top analysts saying about Facebook Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Facebook Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit