Alps Advisors Inc. grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,839 shares of the social networking company’s stock after purchasing an additional 225 shares during the quarter. Alps Advisors Inc.’s holdings in Facebook were worth $2,089,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of FB. Braun Stacey Associates Inc. grew its holdings in shares of Facebook by 5.2% during the first quarter. Braun Stacey Associates Inc. now owns 138,375 shares of the social networking company’s stock valued at $19,656,000 after purchasing an additional 6,845 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Facebook by 52.7% during the first quarter. IFP Advisors Inc now owns 122,554 shares of the social networking company’s stock valued at $17,409,000 after purchasing an additional 42,308 shares during the last quarter. First Midwest Bank Trust Division grew its holdings in shares of Facebook by 0.4% during the first quarter. First Midwest Bank Trust Division now owns 49,576 shares of the social networking company’s stock valued at $7,042,000 after purchasing an additional 205 shares during the last quarter. Leavell Investment Management Inc. grew its holdings in shares of Facebook by 46.2% during the first quarter. Leavell Investment Management Inc. now owns 11,071 shares of the social networking company’s stock valued at $1,573,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. bought a new position in Facebook in the 1st quarter worth approximately $224,000. 57.27% of the stock is owned by institutional investors.
In related news, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $171.88, for a total transaction of $128,910.00. Following the completion of the sale, the vice president now directly owns 82,406 shares in the company, valued at $14,163,943.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $169.95, for a total value of $2,719,200.00. Following the sale, the insider now owns 180,871 shares of the company’s stock, valued at $30,739,026.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,306,683 shares of company stock valued at $1,441,300,245. 19.08% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Robert W. Baird reissued an “outperform” rating and issued a $185.00 price objective (up from $163.00) on shares of Facebook in a report on Thursday, July 27th. Mizuho reissued a “buy” rating on shares of Facebook in a report on Monday, August 7th. MKM Partners reissued a “buy” rating and issued a $200.00 price objective (up from $180.00) on shares of Facebook in a report on Monday, August 7th. Finally, Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $196.91.
Shares of Facebook, Inc. (NASDAQ FB) opened at $178.92 on Friday. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $182.90. The stock has a market capitalization of $519,618.75, a price-to-earnings ratio of 34.47, a P/E/G ratio of 1.28 and a beta of 0.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the company earned $1.09 earnings per share. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. sell-side analysts expect that Facebook, Inc. will post 5.75 EPS for the current fiscal year.
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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