Perpetual Ltd boosted its position in Facebook Inc (NASDAQ:FB) by 17.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,221 shares of the social networking company’s stock after purchasing an additional 12,189 shares during the period. Facebook accounts for about 1.0% of Perpetual Ltd’s portfolio, making the stock its 26th biggest holding. Perpetual Ltd’s holdings in Facebook were worth $12,414,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mutual of America Capital Management LLC increased its stake in shares of Facebook by 2.4% in the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock valued at $40,366,000 after buying an additional 6,740 shares during the period. Palisade Capital Management LLC NJ increased its stake in shares of Facebook by 2.4% in the second 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 increased its stake in shares of Facebook by 6.9% in the second 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. Grand Jean Capital Management Inc. increased its stake in shares of Facebook by 14.3% in the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock valued at $18,076,000 after buying an additional 15,910 shares during the period. Finally, Segment Wealth Management LLC increased its stake in shares of Facebook by 157.5% in the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock valued at $1,042,000 after buying an additional 4,485 shares during the period. 57.86% of the stock is owned by institutional investors and hedge funds.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total value of $128,550.00. Following the transaction, the vice president now owns 93,341 shares in the company, valued at $15,998,647.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 247,452 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $171.75, for a total value of $42,499,881.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,066,441 shares of company stock worth $903,750,174. Corporate insiders own 17.23% of the company’s stock.
Facebook Inc (NASDAQ FB) opened at $180.18 on Friday. The stock has a market capitalization of $518,367.09, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69. Facebook Inc has a fifty-two week low of $114.77 and a fifty-two week high of $184.25.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. equities analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $180.74 price target for the company in a research note on Monday, September 25th. Morgan Stanley reissued an “overweight” rating and issued a $195.00 price target (up previously from $190.00) on shares of Facebook in a research note on Monday, October 2nd. Pivotal Research reissued a “sell” rating and issued a $140.00 price target on shares of Facebook in a research note on Wednesday, September 6th. Wells Fargo & Company set a $215.00 price target on Facebook and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Atlantic Securities set a $215.00 price target on Facebook and gave the company a “buy” 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $200.75.
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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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