Courier Capital LLC grew its position in shares of Facebook, Inc. (NASDAQ:FB) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,065 shares of the social networking company’s stock after buying an additional 89 shares during the quarter. Courier Capital LLC’s holdings in Facebook were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Facebook by 1.1% during the second quarter. BlackRock Inc. now owns 161,273,433 shares of the social networking company’s stock valued at $36,620,359,000 after purchasing an additional 1,765,562 shares during the period. Bank of New York Mellon Corp raised its position in Facebook by 11.2% in the second quarter. Bank of New York Mellon Corp now owns 24,179,742 shares of the social networking company’s stock worth $5,490,495,000 after acquiring an additional 2,431,190 shares during the period. Morgan Stanley raised its position in Facebook by 2.4% in the first quarter. Morgan Stanley now owns 17,661,522 shares of the social networking company’s stock worth $2,945,942,000 after acquiring an additional 412,559 shares during the period. Jennison Associates LLC increased its stake in Facebook by 6.4% in the 3rd quarter. Jennison Associates LLC now owns 15,755,901 shares of the social networking company’s stock worth $4,126,470,000 after buying an additional 948,608 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Facebook by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,178,102 shares of the social networking company’s stock valued at $2,538,212,000 after acquiring an additional 284,504 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Several equities analysts have recently commented on the company. Rosenblatt Securities boosted their price objective on Facebook from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Morgan Stanley boosted their price objective on Facebook from $295.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. William Blair restated an “outperform” rating on shares of Facebook in a research report on Friday, July 31st. Bank of America boosted their price objective on Facebook from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, UBS Group set a $330.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $293.84.
In other news, CFO David M. Wehner sold 1,832 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total transaction of $478,866.48. Following the sale, the chief financial officer now owns 22,372 shares in the company, valued at $5,847,817.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $296,154.87. Following the sale, the chief accounting officer now owns 4,182 shares in the company, valued at approximately $1,093,132.98. The disclosure for this sale can be found here. Insiders have sold a total of 171,115 shares of company stock worth $47,419,396 in the last ninety days. Insiders own 14.14% of the company’s stock.
Shares of NASDAQ FB opened at $276.41 on Tuesday. The stock has a market capitalization of $794.56 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The stock’s fifty day simple moving average is $271.39 and its two-hundred day simple moving average is $250.20. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $304.67.
Facebook (NASDAQ:FB) last announced its earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.77. The business had revenue of $21.47 billion for the quarter, compared to analysts’ expectations of $19.78 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 EPS. As a group, analysts forecast that Facebook, Inc. will post 9.18 EPS for the current year.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
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