Liberty Capital Management Inc. Acquires New Holdings in Facebook, Inc. (FB)

Liberty Capital Management Inc. acquired a new position in Facebook, Inc. (NASDAQ:FB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,244 shares of the social networking company’s stock, valued at approximately $242,000.

A number of other large investors have also modified their holdings of FB. Summit Trail Advisors LLC boosted its holdings in Facebook by 4,170.3% during the first quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock valued at $9,071,000 after acquiring an additional 8,858,520 shares during the period. BlackRock Inc. boosted its holdings in Facebook by 2.0% during the first quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after acquiring an additional 2,966,437 shares during the period. SG Americas Securities LLC boosted its holdings in Facebook by 1,559.1% during the first quarter. SG Americas Securities LLC now owns 2,990,310 shares of the social networking company’s stock valued at $477,822,000 after acquiring an additional 2,810,076 shares during the period. Suvretta Capital Management LLC bought a new stake in Facebook during the first quarter valued at about $430,727,000. Finally, Veritas Asset Management LLP bought a new stake in Facebook during the first quarter valued at about $368,396,000. Hedge funds and other institutional investors own 60.39% of the company’s stock.

FB has been the subject of a number of recent analyst reports. MKM Partners upped their price target on shares of Facebook from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, June 1st. OTR Global upgraded shares of Facebook to a “positive” rating in a report on Tuesday, June 5th. DZ Bank restated a “buy” rating on shares of Facebook in a report on Thursday, June 21st. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $226.00 price objective for the company in a research report on Tuesday, June 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $206.89.

NASDAQ:FB opened at $164.91 on Wednesday. Facebook, Inc. has a 12-month low of $149.02 and a 12-month high of $218.62. The stock has a market capitalization of $473.31 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.49.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook had a return on equity of 28.16% and a net margin of 39.31%. The business had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. During the same period last year, the company earned $1.32 EPS. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. analysts expect that Facebook, Inc. will post 7.08 EPS for the current fiscal year.

In other news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of $195.53, for a total transaction of $10,754,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $160.03, for a total transaction of $120,022.50. Following the sale, the vice president now directly owns 95,394 shares of the company’s stock, valued at approximately $15,265,901.82. The disclosure for this sale can be found here. Insiders sold 8,401,663 shares of company stock valued at $1,611,684,065 in the last three months. Company insiders own 16.25% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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