Nwam LLC grew its position in shares of Facebook, Inc. (NASDAQ:FB) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,288 shares of the social networking company’s stock after purchasing an additional 1,027 shares during the quarter. Nwam LLC’s holdings in Facebook were worth $2,308,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Anderson Hoagland & Co. grew its position in Facebook by 8.2% during the 1st quarter. Anderson Hoagland & Co. now owns 17,724 shares of the social networking company’s stock worth $2,518,000 after acquiring an additional 1,336 shares during the last quarter. Rockland Trust Co. bought a new position in Facebook during the 1st quarter worth approximately $8,997,000. Bright Rock Capital Management LLC bought a new position in Facebook during the 1st quarter worth approximately $4,546,000. First Hawaiian Bank grew its position in Facebook by 4.5% during the 1st quarter. First Hawaiian Bank now owns 3,102 shares of the social networking company’s stock worth $441,000 after acquiring an additional 133 shares during the last quarter. Finally, Rothschild Investment Corp IL grew its position in Facebook by 46.9% during the 1st quarter. Rothschild Investment Corp IL now owns 36,521 shares of the social networking company’s stock worth $5,188,000 after acquiring an additional 11,661 shares during the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.
Shares of Facebook, Inc. (NASDAQ:FB) opened at 171.59 on Wednesday. The firm’s 50-day moving average price is $170.20 and its 200-day moving average price is $157.86. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The stock has a market cap of $498.33 billion, a price-to-earnings ratio of 38.40 and a beta of 0.70.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. On average, analysts forecast that Facebook, Inc. will post $5.34 EPS for the current fiscal year.
Several equities analysts recently issued reports on FB shares. Oppenheimer Holdings, Inc. raised their price target on Facebook from $170.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. JMP Securities restated an “outperform” rating and set a $195.00 price target (up from $170.00) on shares of Facebook in a research report on Thursday, July 27th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target on the stock in a research report on Monday, August 28th. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Robert W. Baird restated a “buy” rating and set a $185.00 price target on shares of Facebook in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $185.38.
In other news, CEO Mark Zuckerberg sold 268,100 shares of Facebook stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $158.52, for a total transaction of $42,499,212.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, October 9th. The stock was sold at an average price of $172.89, for a total transaction of $2,766,240.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,743,670 shares of company stock valued at $2,094,328,523. Insiders own 19.08% of the company’s stock.
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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