Nwam LLC raised its stake in shares of Facebook Inc (NASDAQ:FB) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,624 shares of the social networking company’s stock after buying an additional 336 shares during the period. Nwam LLC’s holdings in Facebook were worth $2,670,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in FB. D. Scott Neal Inc. boosted its position in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook during the 2nd quarter valued at about $138,000. Vigilant Capital Management LLC boosted its position in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares in the last quarter. Odey Holdings AG boosted its position in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Facebook during the 2nd quarter valued at about $165,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on FB. UBS Group set a $215.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Thursday. Citigroup reiterated a “buy” rating and issued a $200.00 target price on shares of Facebook in a report on Wednesday, September 27th. Cowen reiterated a “buy” rating and issued a $220.00 target price on shares of Facebook in a report on Thursday, January 4th. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $190.00 target price on shares of Facebook in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $203.72.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.
In other news, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the sale, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total transaction of $132,172.50. Following the completion of the sale, the vice president now owns 82,096 shares in the company, valued at approximately $14,467,778.08. The disclosure for this sale can be found here. In the last three months, insiders sold 4,182,199 shares of company stock worth $752,724,430. Insiders own 17.23% of the company’s stock.
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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.
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