Facebook, Inc. (FB) Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP increased its holdings in Facebook, Inc. (NASDAQ:FB) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,685 shares of the social networking company’s stock after acquiring an additional 17,843 shares during the quarter. Facebook makes up 1.3% of Stevens Capital Management LP’s portfolio, making the stock its 5th biggest position. Stevens Capital Management LP’s holdings in Facebook were worth $34,916,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FB. Cribstone Capital Management LLC lifted its stake in shares of Facebook by 186.2% in the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after acquiring an additional 406 shares in the last quarter. IMA Wealth Inc. acquired a new position in shares of Facebook in the second quarter worth about $122,000. Trust Department MB Financial Bank N A acquired a new position in shares of Facebook in the second quarter worth about $134,000. Northwest Wealth Management LLC acquired a new position in shares of Facebook in the second quarter worth about $194,000. Finally, GenWealth Group Inc. acquired a new position in shares of Facebook in the second quarter worth about $200,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

NASDAQ:FB opened at $140.61 on Friday. The company has a market cap of $402.87 billion, a PE ratio of 22.83, a P/E/G ratio of 0.84 and a beta of 0.55. Facebook, Inc. has a 52 week low of $126.85 and a 52 week high of $218.62.

Facebook (NASDAQ:FB) last posted its earnings results on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.30. The company had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The business’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 earnings per share. On average, sell-side analysts predict that Facebook, Inc. will post 7.36 EPS for the current fiscal year.

FB has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Facebook from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, September 18th. Wells Fargo & Co reissued a “buy” rating and issued a $220.00 price objective on shares of Facebook in a report on Thursday, August 23rd. Moffett Nathanson reissued a “neutral” rating and issued a $175.00 price objective on shares of Facebook in a report on Tuesday, September 4th. BidaskClub raised Facebook from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Aegis boosted their price objective on Facebook from $206.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average price target of $192.77.

In other news, insider Christopher K. Cox sold 5,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $171.28, for a total transaction of $907,784.00. Following the completion of the transaction, the insider now directly owns 134,737 shares in the company, valued at $23,077,753.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $168.85, for a total value of $126,637.50. Following the transaction, the vice president now owns 96,894 shares of the company’s stock, valued at $16,360,551.90. The disclosure for this sale can be found here. Insiders have sold 524,153 shares of company stock valued at $80,193,956 over the last ninety days. Corporate insiders own 17.23% of the company’s stock.

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Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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