Courier Capital LLC increased its position in shares of Facebook, Inc. (NASDAQ:FB) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,065 shares of the social networking company’s stock after acquiring an additional 89 shares during the period. Courier Capital LLC’s holdings in Facebook were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Viridian Ria LLC increased its holdings in shares of Facebook by 0.9% in the 3rd quarter. Viridian Ria LLC now owns 12,708 shares of the social networking company’s stock worth $3,328,000 after buying an additional 111 shares during the last quarter. Valmark Advisers Inc. boosted its position in Facebook by 27.5% during the 3rd quarter. Valmark Advisers Inc. now owns 6,243 shares of the social networking company’s stock valued at $1,635,000 after buying an additional 1,347 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Facebook by 1.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 776,554 shares of the social networking company’s stock valued at $203,379,000 after buying an additional 11,169 shares during the period. Zeke Capital Advisors LLC purchased a new stake in shares of Facebook in the 3rd quarter worth about $290,000. Finally, Egerton Capital UK LLP lifted its position in shares of Facebook by 24.0% in the 3rd quarter. Egerton Capital UK LLP now owns 3,268,080 shares of the social networking company’s stock worth $855,910,000 after purchasing an additional 632,314 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of FB opened at $274.46 on Tuesday. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $304.67. The company 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 has a fifty day simple moving average of $271.39 and a two-hundred day simple moving average of $250.20.
Facebook (NASDAQ:FB) last issued its earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.77. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business had revenue of $21.47 billion during the quarter, compared to the consensus estimate of $19.78 billion. During the same period last year, the company earned $2.12 EPS. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities analysts expect that Facebook, Inc. will post 9.18 EPS for the current year.
Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Facebook from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. They noted that the move was a valuation call. Pivotal Research lifted their price target on shares of Facebook from $225.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Tigress Financial reissued a “buy” rating on shares of Facebook in a report on Tuesday, September 1st. BMO Capital Markets lifted their price target on shares of Facebook from $220.00 to $225.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Facebook in a report on Friday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $293.84.
In other Facebook news, CFO David M. Wehner sold 1,832 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $478,866.48. Following the completion of the sale, the chief financial officer now directly owns 22,372 shares of the company’s stock, valued at approximately $5,847,817.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $296,154.87. Following the completion of the sale, the chief accounting officer now directly owns 4,182 shares of the company’s stock, valued at $1,093,132.98. The disclosure for this sale can be found here. Insiders sold a total of 171,115 shares of company stock valued at $47,419,396 over the last ninety days. Corporate insiders own 14.14% of the company’s stock.
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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