Moloney Securities Asset Management LLC Buys 16 Shares of Facebook, Inc. (FB)

Moloney Securities Asset Management LLC increased its stake in Facebook, Inc. (NASDAQ:FB) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,356 shares of the social networking company’s stock after purchasing an additional 16 shares during the period. Moloney Securities Asset Management LLC’s holdings in Facebook were worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FB. Arcadia Investment Management Corp MI lifted its holdings in shares of Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares during the last quarter. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares in the last quarter. Cohen Capital Management Inc. bought a new stake in Facebook during the 1st quarter valued at $121,000. Farmers & Merchants Investments Inc. raised its stake in Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares in the last quarter. Finally, Pacific Center for Financial Services raised its stake in Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares in the last quarter. 57.30% of the stock is currently owned by institutional investors and hedge funds.

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $173.58, for a total transaction of $130,185.00. Following the sale, the vice president now owns 94,091 shares of the company’s stock, valued at $16,332,315.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jan Koum sold 3,600,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total transaction of $576,216,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,109,908 shares of company stock worth $2,140,922,321. Insiders own 19.08% of the company’s stock.

Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 target price on shares of Facebook in a research note on Saturday, June 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $168.00 target price (up previously from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $159.91 target price on the stock in a research note on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $192.00 target price (up previously from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Atlantic Securities set a $200.00 target price on Facebook and gave the company a “buy” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $183.74.

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Facebook, Inc. (FB) traded up 0.40% on Friday, reaching $171.64. The company’s stock had a trading volume of 15,660,539 shares. The firm has a market cap of $406.84 billion, a P/E ratio of 38.40 and a beta of 0.76. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The firm’s 50 day moving average is $170.10 and its 200-day moving average is $153.80.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. On average, equities research analysts anticipate that Facebook, Inc. will post $5.33 EPS for the current year.

About Facebook

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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