Harding Loevner LP boosted its holdings in shares of Facebook Inc (NASDAQ:FB) by 229.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,258,885 shares of the social networking company’s stock after acquiring an additional 2,966,978 shares during the period. Facebook accounts for 1.5% of Harding Loevner LP’s portfolio, making the stock its 29th largest position. Harding Loevner LP’s holdings in Facebook were worth $215,130,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $111,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook in the 2nd quarter valued at $138,000. Stelac Advisory Services LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $152,000. Odey Holdings AG grew its holdings in shares of Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Facebook in the 2nd quarter valued at $165,000. 57.32% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research report on Wednesday, January 10th. Aegis boosted their price objective on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $214.70.
In other news, VP David B. Fischer sold 5,587 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $179.29, for a total transaction of $134,467.50. Following the transaction, the vice president now owns 86,296 shares in the company, valued at $15,472,009.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,048,504 shares of company stock worth $187,788,522 over the last 90 days. 17.23% of the stock is owned by company insiders.
Shares of Facebook Inc (NASDAQ:FB) opened at $177.36 on Monday. Facebook Inc has a 52-week low of $132.90 and a 52-week high of $195.32. The company has a market cap of $515,230.81, a PE ratio of 28.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts anticipate that Facebook Inc will post 7.28 EPS for the current year.
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Facebook Company Profile
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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