Condor Capital Management Has $4.05 Million Holdings in Facebook Inc (FB)

Condor Capital Management reduced its position in shares of Facebook Inc (NASDAQ:FB) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,820 shares of the social networking company’s stock after selling 249 shares during the quarter. Facebook accounts for approximately 0.9% of Condor Capital Management’s investment portfolio, making the stock its 24th biggest holding. Condor Capital Management’s holdings in Facebook were worth $4,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartford Financial Management Inc. raised its position in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after purchasing an additional 16 shares during the period. Halbert Hargrove Russell LLC raised its position in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after purchasing an additional 19 shares during the period. Wagner Bowman Management Corp raised its position in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after purchasing an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC raised its position in shares of Facebook by 2.1% in 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 purchasing an additional 30 shares during the period. Finally, Keel Point LLC raised its position in shares of Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after purchasing an additional 34 shares during the period. 58.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Facebook Inc (FB) opened at $175.10 on Friday. The stock has a market cap of $514,851.06, a PE ratio of 34.14, a price-to-earnings-growth ratio of 1.13 and a beta of 0.69. Facebook Inc has a one year low of $114.30 and a one year high of $184.25.

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 analysts’ consensus estimates of $1.28 by $0.31. The firm had revenue of $10.33 billion for 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 23.64%. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. equities research analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

In other news, VP David B. Fischer sold 16,621 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total value of $3,050,119.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $171.59, for a total transaction of $128,692.50. Following the completion of the sale, the vice president now owns 94,841 shares in the company, valued at $16,273,767.19. The disclosure for this sale can be found here. Insiders have sold 5,195,772 shares of company stock worth $924,706,968 over the last quarter. Corporate insiders own 17.23% of the company’s stock.

FB has been the topic of several research analyst reports. Cowen reissued an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research report on Tuesday, September 26th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective on the stock in a research report on Monday, September 25th. Mizuho reissued a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research report on Wednesday, September 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average price target of $199.18.

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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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