Guild Investment Management Inc. cut its holdings in shares of Facebook Inc (NASDAQ:FB) by 31.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,756 shares of the social networking company’s stock after selling 10,950 shares during the period. Facebook makes up 4.3% of Guild Investment Management Inc.’s portfolio, making the stock its 11th biggest position. Guild Investment Management Inc.’s holdings in Facebook were worth $4,059,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in FB. Vanguard Group Inc. grew its position in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its position in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares in the last quarter. State Street Corp grew its position 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 in the last quarter. Capital World Investors grew its position in shares of Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.
Facebook Inc (NASDAQ:FB) traded down $8.40 on Friday, hitting $179.37. The stock had a trading volume of 77,306,900 shares, compared to its average volume of 16,580,000. The stock has a market capitalization of $521,210.00, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.06 and a beta of 0.68. Facebook Inc has a 1-year low of $124.80 and a 1-year high of $188.90.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for 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 company’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. equities research analysts expect that Facebook Inc will post 5.86 earnings per share for the current year.
In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total transaction of $129,322.50. Following the transaction, the vice president now owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $175.20, for a total value of $2,803,200.00. Following the transaction, the insider now directly owns 172,871 shares in the company, valued at approximately $30,286,999.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,182,199 shares of company stock worth $752,724,430. Insiders own 17.23% of the company’s stock.
Several equities analysts have weighed in on FB shares. Credit Suisse Group restated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays lifted their target price on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their target price on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush set a $225.00 price target on Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus price target of $203.72.
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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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