Brouwer & Janachowski LLC grew its position in Facebook Inc (NASDAQ:FB) by 58.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,047 shares of the social networking company’s stock after buying an additional 9,952 shares during the period. Facebook accounts for approximately 0.9% of Brouwer & Janachowski LLC’s investment portfolio, making the stock its 19th largest position. Brouwer & Janachowski LLC’s holdings in Facebook were worth $4,622,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Palisade Capital Management LLC NJ lifted its holdings in shares of Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after acquiring an additional 602 shares during the last quarter. ING Groep NV lifted its holdings in shares of Facebook by 6.9% in the 2nd quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after acquiring an additional 37,822 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in shares of Facebook by 157.5% in the 1st quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after acquiring an additional 4,485 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Facebook in the 1st quarter worth approximately $94,601,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after acquiring an additional 349,182 shares during the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on FB shares. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays increased their target price on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their target price on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $200.81.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company’s revenue was up 47.3% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. analysts predict that Facebook Inc will post 5.86 EPS for the current year.
In other Facebook news, VP David B. Fischer sold 16,621 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total transaction of $3,050,119.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total transaction of $132,172.50. Following the transaction, the vice president now directly owns 82,096 shares in the company, valued at $14,467,778.08. The disclosure for this sale can be found here. Insiders sold a total of 4,568,712 shares of company stock worth $818,756,804 over the last ninety days. Insiders own 17.23% of the company’s stock.
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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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