Majedie Asset Management Ltd lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,099 shares of the social networking company’s stock after acquiring an additional 13,242 shares during the quarter. Facebook accounts for approximately 1.9% of Majedie Asset Management Ltd’s portfolio, making the stock its 9th largest holding. Majedie Asset Management Ltd’s holdings in Facebook were worth $20,548,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of FB. Arcadia Investment Management Corp MI increased its stake in shares of Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the period. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services increased its stake in shares of Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the period. Finally, Watermark Asset Management Inc. acquired a new position in shares of Facebook during the first quarter worth about $141,000. Institutional investors and hedge funds own 57.26% of the company’s stock.
In other Facebook news, CEO Mark Zuckerberg sold 248,984 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $170.69, for a total transaction of $42,499,078.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $159.87, for a total value of $119,902.50. Following the sale, the vice president now directly owns 84,656 shares of the company’s stock, valued at $13,533,954.72. The disclosure for this sale can be found here. Insiders have sold a total of 9,024,241 shares of company stock valued at $1,499,994,651 over the last three months. Company insiders own 19.08% of the company’s stock.
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Facebook, Inc. (FB) opened at 172.55 on Friday. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a market cap of $501.12 billion, a PE ratio of 38.62 and a beta of 0.70. The stock has a 50 day moving average of $170.39 and a 200 day moving average of $158.07.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Analysts anticipate that Facebook, Inc. will post $5.34 EPS for the current year.
A number of research firms recently commented on FB. Cowen and Company reissued an “average” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Cantor Fitzgerald set a $180.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Tuesday, June 20th. Canaccord Genuity reissued a “buy” rating and set a $175.00 price objective on shares of Facebook in a report on Friday, June 16th. Royal Bank Of Canada reissued a “buy” rating and set a $185.00 price objective on shares of Facebook in a report on Tuesday, July 11th. Finally, Aegis boosted their price objective on shares of Facebook from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $185.38.
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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