Mosaic Family Wealth LLC continued to hold its position in Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,933 shares of the social networking company’s stock at the end of the 2nd quarter. Mosaic Family Wealth LLC’s holdings in Facebook were worth $292,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of FB. Harbour Capital Advisors LLC raised its stake in shares of Facebook by 15,047.5% during the 2nd 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 in the last quarter. State Street Corp raised its stake in shares of Facebook by 1.7% during the 1st 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 in the last quarter. HPM Partners LLC purchased a new stake in shares of Facebook during the 1st quarter worth about $195,602,000. Jennison Associates LLC raised its stake in shares of Facebook by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after purchasing an additional 1,219,412 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt raised its stake in shares of Facebook by 131.8% during the 1st 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 in the last quarter. 57.35% of the stock is owned by institutional investors.
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In other news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $167.02, for a total transaction of $2,672,320.00. Following the transaction, the insider now owns 219,332 shares in the company, valued at $36,632,830.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jan Koum sold 2,953,492 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $170.17, for a total value of $502,595,733.64. The disclosure for this sale can be found here. Insiders sold 7,843,902 shares of company stock worth $1,362,490,758 in the last 90 days. Corporate insiders own 19.08% of the company’s stock.
A number of brokerages recently weighed in on FB. Canaccord Genuity raised their price objective on Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Cowen and Company reissued an “outperform” rating and issued a $195.00 price objective on shares of Facebook in a research note on Thursday, August 10th. Citigroup Inc. reissued a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research note on Wednesday, September 27th. Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $197.95.
Facebook, Inc. (NASDAQ:FB) opened at $178.77 on Tuesday. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $182.90. The company has a market capitalization of $518,570.53, a P/E ratio of 34.38, a P/E/G ratio of 1.14 and a beta of 0.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the 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 return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. equities research analysts anticipate that Facebook, Inc. will post 5.81 EPS for the current fiscal year.
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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