Yellowstone Partners LLC acquired a new position in Facebook Inc (NASDAQ:FB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,951 shares of the social networking company’s stock, valued at approximately $333,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Facebook by 3.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock worth $1,215,867,000 after acquiring an additional 231,883 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Facebook by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after buying an additional 907 shares during the period. Xact Kapitalforvaltning AB increased its holdings in Facebook by 2.9% during the third quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after buying an additional 11,940 shares during the period. Birinyi Associates Inc. increased its holdings in Facebook by 11.7% during the second quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after buying an additional 3,200 shares during the period. Finally, Meridian Management Co. purchased a new position in Facebook during the second quarter valued at approximately $1,706,000. 58.48% of the stock is owned by institutional investors and hedge funds.
FB has been the topic of several research reports. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $197.10 price objective on the stock in a report on Wednesday, November 29th. MKM Partners lifted their price objective on shares of Facebook to $240.00 and gave the company a “buy” rating in a report on Friday, December 1st. Evercore ISI initiated coverage on shares of Facebook in a report on Tuesday, December 5th. They set an “outperform” rating and a $225.00 price objective on the stock. Wells Fargo & Co reissued a “buy” rating and set a $215.00 price objective on shares of Facebook in a report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $214.70.
Facebook Inc (NASDAQ:FB) traded up $2.31 on Wednesday, reaching $184.19. 16,429,416 shares of the company’s stock were exchanged, compared to its average volume of 24,780,000. Facebook Inc has a one year low of $137.60 and a one year high of $195.32. The stock has a market capitalization of $535,070.00, a PE ratio of 29.90, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64.
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, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. analysts predict that Facebook Inc will post 7.28 EPS for the current year.
In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $179.76, for a total value of $134,820.00. Following the completion of the transaction, the vice president now owns 82,546 shares of the company’s stock, valued at $14,838,468.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David B. Fischer sold 5,587 shares of Facebook stock in a transaction on Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. Insiders sold 4,467,131 shares of company stock valued at $798,223,122 in the last ninety days. 17.23% of the stock is owned by corporate insiders.
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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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