Blair William & Co. IL Raises Stock Position in Facebook, Inc. (NASDAQ:FB)

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Blair William & Co. IL grew its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 37.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446,610 shares of the social networking company’s stock after purchasing an additional 122,211 shares during the period. Blair William & Co. IL’s holdings in Facebook were worth $74,495,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FB. FMR LLC grew its position in shares of Facebook by 3.3% during the fourth quarter. FMR LLC now owns 123,422,389 shares of the social networking company’s stock worth $25,332,445,000 after buying an additional 3,993,741 shares in the last quarter. State Street Corp grew its position in shares of Facebook by 0.9% during the fourth quarter. State Street Corp now owns 94,316,951 shares of the social networking company’s stock worth $19,358,554,000 after buying an additional 881,118 shares in the last quarter. Capital Research Global Investors grew its position in shares of Facebook by 0.6% during the fourth quarter. Capital Research Global Investors now owns 73,111,043 shares of the social networking company’s stock worth $15,006,041,000 after buying an additional 409,290 shares in the last quarter. Capital World Investors grew its position in shares of Facebook by 5.4% during the fourth quarter. Capital World Investors now owns 46,700,441 shares of the social networking company’s stock worth $9,585,263,000 after buying an additional 2,405,542 shares in the last quarter. Finally, Capital International Investors grew its position in shares of Facebook by 1.8% during the fourth quarter. Capital International Investors now owns 45,189,119 shares of the social networking company’s stock worth $9,275,066,000 after buying an additional 781,073 shares in the last quarter. Institutional investors own 65.13% of the company’s stock.

NASDAQ:FB traded up $3.52 during trading hours on Friday, hitting $234.91. The company’s stock had a trading volume of 33,593,985 shares, compared to its average volume of 26,353,588. The business’s 50-day moving average is $190.35 and its two-hundred day moving average is $196.00. The company has a market capitalization of $659.25 billion, a PE ratio of 32.18, a PEG ratio of 1.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $237.20.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.07). Facebook had a return on equity of 21.54% and a net margin of 28.57%. The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, analysts predict that Facebook, Inc. will post 7.25 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Facebook in a research report on Thursday, April 30th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Facebook in a report on Thursday, April 16th. UBS Group set a $242.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday. Edward Jones raised Facebook from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Finally, KeyCorp lowered their price target on Facebook from $263.00 to $248.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average target price of $240.98.

In related news, CRO David B. Fischer sold 22,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the sale, the executive now owns 57,503 shares of the company’s stock, valued at $11,804,790.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,449 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $201.80, for a total value of $292,408.20. Following the sale, the chief accounting officer now directly owns 2,113 shares in the company, valued at approximately $426,403.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,199 shares of company stock valued at $13,967,456. Company insiders own 14.14% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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