Trust Co raised its position in shares of Facebook Inc (NASDAQ:FB) by 6.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,020 shares of the social networking company’s stock after acquiring an additional 864 shares during the period. Trust Co’s holdings in Facebook were worth $2,396,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings 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 buying an additional 231,883 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of 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 worth $26,514,000 after buying an additional 907 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Facebook by 2.9% during the third quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after buying an additional 11,940 shares in the last quarter. Birinyi Associates Inc. increased its holdings in shares of Facebook by 11.7% during the second quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after buying an additional 3,200 shares in the last quarter. Finally, Meridian Management Co. acquired a new position in shares of Facebook during the second quarter worth $1,706,000. Institutional investors and hedge funds own 58.48% of the company’s stock.
Facebook Inc (NASDAQ FB) opened at $181.88 on Wednesday. The stock has a market cap of $527,020.00, a PE ratio of 29.53, a PEG ratio of 0.96 and a beta of 0.64. Facebook Inc has a 1 year low of $137.60 and a 1 year high of $195.32.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations 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 earnings per share for the current year.
In related news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $179.76, for a total transaction of $134,820.00. Following the completion of the sale, the vice president now owns 82,546 shares in the company, valued at approximately $14,838,468.96. The disclosure for this sale can be found here. Insiders have sold a total of 4,467,131 shares of company stock worth $798,223,122 in the last three months. Insiders own 17.23% of the company’s stock.
Several analysts recently weighed in on FB shares. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price objective on the stock in a research note on Thursday, January 25th. Aegis boosted their price objective on shares of Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Jefferies Group reissued a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research note on Thursday, February 1st. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Mizuho boosted their price objective on shares of Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $214.70.
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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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