Facebook, Inc. (FB) Position Maintained by FCM Investments TX

FCM Investments TX continued to hold its stake in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,150 shares of the social networking company’s stock at the end of the second quarter. FCM Investments TX’s holdings in Facebook were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Harbour Capital Advisors LLC boosted its holdings in shares of Facebook by 15,047.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after purchasing an additional 2,523,918 shares during the period. State Street Corp boosted its holdings in shares of Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the period. HPM Partners LLC acquired a new stake in shares of Facebook during the first quarter worth approximately $195,602,000. Alecta Pensionsforsakring Omsesidigt boosted its holdings in shares of Facebook by 131.8% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after purchasing an additional 1,120,000 shares during the period. Finally, Karp Capital Management Corp boosted its holdings in shares of Facebook by 6,222.5% during the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock worth $127,334,000 after purchasing an additional 882,228 shares during the period. Institutional investors own 57.26% of the company’s stock.

Facebook, Inc. (FB) opened at 172.55 on Friday. The firm has a market cap of $501.12 billion, a P/E ratio of 38.62 and a beta of 0.70. The firm’s 50-day moving average price is $170.39 and its 200-day moving average price is $158.07. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Facebook’s revenue was up 44.8% compared to the same quarter last year. Equities research analysts expect that Facebook, Inc. will post $5.34 EPS for the current year.

In other Facebook news, Director Jan Koum sold 31,663 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $160.38, for a total value of $5,078,111.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $164.28, for a total value of $2,628,480.00. Following the completion of the transaction, the insider now directly owns 196,871 shares in the company, valued at approximately $32,341,967.88. The disclosure for this sale can be found here. Insiders have sold 9,024,241 shares of company stock valued at $1,499,994,651 in the last quarter. 19.08% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the stock. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Robert W. Baird restated an “outperform” rating and set a $185.00 price target (up from $163.00) on shares of Facebook in a report on Thursday, July 27th. Mizuho restated a “buy” rating on shares of Facebook in a report on Monday, August 7th. MKM Partners restated a “buy” rating and set a $200.00 price target (up from $180.00) on shares of Facebook in a report on Monday, August 7th. Finally, Pivotal Research cut shares of 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, three have assigned a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $185.38.

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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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