Carnick & Kubik Group LLC Grows Position in Facebook Inc (FB)

Carnick & Kubik Group LLC increased its holdings in shares of Facebook Inc (NASDAQ:FB) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,469 shares of the social networking company’s stock after acquiring an additional 335 shares during the quarter. Facebook makes up approximately 1.0% of Carnick & Kubik Group LLC’s holdings, making the stock its 25th biggest holding. Carnick & Kubik Group LLC’s holdings in Facebook were worth $2,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Vanguard Group Inc. increased its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. increased its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after purchasing an additional 2,523,918 shares during the period. Finally, Magellan Asset Management Ltd increased its stake in shares of Facebook by 28.4% in the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock valued at $1,613,516,000 after purchasing an additional 2,361,166 shares during the period. Hedge funds and other institutional investors own 57.71% of the company’s stock.

In related news, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the transaction, the vice president now directly owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. Insiders have sold 4,818,989 shares of company stock valued at $861,374,803 over the last 90 days. 17.23% of the stock is currently owned by insiders.

Shares of Facebook Inc (FB) opened at $177.20 on Friday. The firm has a market cap of $515,635.63, a P/E ratio of 34.34, a P/E/G ratio of 1.13 and a beta of 0.69. Facebook Inc has a 1-year low of $114.77 and a 1-year high of $184.25.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. sell-side analysts forecast that Facebook Inc will post 5.86 EPS for the current fiscal year.

Several brokerages have commented on FB. Pivotal Research restated a “sell” rating and issued a $140.00 price target on shares of Facebook in a research note on Wednesday, September 6th. Wells Fargo & Company restated an “outperform” rating and issued a $215.00 price target (up previously from $185.00) on shares of Facebook in a research note on Wednesday, September 27th. Royal Bank of Canada restated a “buy” rating and issued a $195.00 price target on shares of Facebook in a research note on Friday, October 13th. Wedbush restated an “outperform” rating and issued a $230.00 price target (up previously from $225.00) on shares of Facebook in a research note on Thursday, November 2nd. Finally, Macquarie set a $205.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $200.81.

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About Facebook

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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