Facebook Inc (FB) is Bainco International Investors’ 6th Largest Position

Bainco International Investors lifted its holdings in Facebook Inc (NASDAQ:FB) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,322 shares of the social networking company’s stock after acquiring an additional 6,829 shares during the period. Facebook makes up approximately 2.9% of Bainco International Investors’ portfolio, making the stock its 6th biggest position. Bainco International Investors’ holdings in Facebook were worth $23,806,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FB. Palisade Capital Management LLC NJ grew its stake 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 valued at $3,904,000 after buying an additional 602 shares during the period. ING Groep NV grew its stake 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 valued at $89,041,000 after buying an additional 37,822 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of Facebook in the 1st quarter valued at about $94,601,000. Schwab Charles Investment Management Inc. grew its stake 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 valued at $1,128,745,000 after buying an additional 349,182 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after buying an additional 907 shares during the period. 57.72% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $176.23, for a total value of $132,172.50. Following the completion of the transaction, the vice president now directly owns 82,096 shares in the company, valued at $14,467,778.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the transaction, the director now owns 6,311 shares of the company’s stock, valued at $1,129,037.90. 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 in the last ninety days. 17.23% of the stock is currently owned by insiders.

Several analysts have recently commented on the company. Vetr downgraded Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 target price for the company. in a research note on Wednesday. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Tuesday. Aegis lifted their price target on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada lifted their price target on Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Barclays lifted their price target on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $201.40.

Shares of Facebook Inc (FB) opened at $184.67 on Thursday. The company has a market cap of $536,620.00, a P/E ratio of 34.33, a P/E/G ratio of 1.00 and a beta of 0.68. Facebook Inc has a 1-year low of $117.29 and a 1-year high of $184.78.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current year.

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Facebook Company Profile

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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