Capital Asset Advisory Services LLC increased its holdings in Facebook, Inc. (NASDAQ:FB) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,234 shares of the social networking company’s stock after purchasing an additional 65 shares during the period. Capital Asset Advisory Services LLC’s holdings in Facebook were worth $488,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after acquiring an additional 1,536,158 shares during the last quarter. HPM Partners LLC acquired a new position in Facebook in the first quarter valued at $195,602,000. Alecta Pensionsforsakring Omsesidigt boosted its holdings in Facebook by 131.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock valued at $279,838,000 after acquiring an additional 1,120,000 shares during the last quarter. Karp Capital Management Corp boosted its holdings in Facebook by 6,222.5% in the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after acquiring an additional 882,228 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Facebook by 29.0% in the first quarter. Russell Investments Group Ltd. now owns 3,643,713 shares of the social networking company’s stock valued at $517,583,000 after acquiring an additional 818,374 shares during the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.
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Shares of Facebook, Inc. (NASDAQ FB) traded up 1.1068% during midday trading on Tuesday, reaching $171.8916. 7,333,449 shares of the company were exchanged. The company has a market capitalization of $499.21 billion, a P/E ratio of 38.4717 and a beta of 0.76. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The stock has a 50-day moving average price of $170.03 and a 200 day moving average price of $154.29.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was up 44.8% compared to the same quarter last year. Equities research analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
A number of research analysts have commented on FB shares. Aegis restated a “buy” rating on shares of Facebook in a research note on Monday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 target price on shares of Facebook in a research report on Monday, May 22nd. Instinet reaffirmed a “buy” rating on shares of Facebook in a research report on Friday, June 2nd. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $157.52 target price on the stock in a research report on Wednesday, May 31st. Finally, Moffett Nathanson reaffirmed a “buy” rating on shares of Facebook in a research report on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company. Facebook has an average rating of “Buy” and an average price target of $183.74.
In other news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $152.35, for a total transaction of $2,437,600.00. Following the transaction, the insider now directly owns 194,765 shares in the company, valued at approximately $29,672,447.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 277,018 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $153.42, for a total transaction of $42,500,101.56. The disclosure for this sale can be found here. Insiders sold a total of 12,977,658 shares of company stock worth $2,120,734,193 over the last quarter. Company insiders own 19.08% of the company’s stock.
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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