Emerald Advisers Inc. PA Has $1.33 Million Position in Facebook, Inc. (NASDAQ:FB)
Emerald Advisers Inc. PA reduced its stake in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,384 shares of the social networking company’s stock after selling 79 shares during the period. Emerald Advisers Inc. PA’s holdings in Facebook were worth $1,333,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Good Life Advisors LLC purchased a new stake in Facebook during the fourth quarter valued at $1,270,000. Sii Investments Inc. WI boosted its stake in Facebook by 5.4% in the fourth quarter. Sii Investments Inc. WI now owns 40,929 shares of the social networking company’s stock valued at $4,782,000 after buying an additional 2,081 shares in the last quarter. Lansdowne Partners UK LLP boosted its stake in Facebook by 0.3% in the fourth quarter. Lansdowne Partners UK LLP now owns 5,413,363 shares of the social networking company’s stock valued at $622,817,000 after buying an additional 18,138 shares in the last quarter. Koch Industries Inc. purchased a new stake in Facebook during the fourth quarter valued at $205,000. Finally, Fiduciary Financial Services of The Southwest Inc. TX boosted its stake in Facebook by 21.1% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 6,272 shares of the social networking company’s stock valued at $722,000 after buying an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 57.63% of the company’s stock.
Facebook, Inc. (NASDAQ FB) opened at 159.73 on Tuesday. Facebook, Inc. has a one year low of $113.55 and a one year high of $160.78. The stock’s 50 day moving average price is $151.14 and its 200-day moving average price is $138.83. The company has a market capitalization of $462.93 billion, a P/E ratio of 40.61 and a beta of 0.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.83 billion. During the same period last year, the business posted $0.77 EPS. The business’s revenue was up 49.2% compared to the same quarter last year. Equities analysts forecast that Facebook, Inc. will post $4.87 EPS for the current year.
Several research firms recently weighed in on FB. UBS AG reaffirmed a “buy” rating and set a $165.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $185.00 target price on shares of Facebook in a report on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and issued a $168.00 target price (up previously from $160.00) on shares of Facebook in a report on Wednesday, July 12th. Pivotal Research reissued a “hold” rating and issued a $140.00 target price on shares of Facebook in a report on Monday. Finally, Bank of America Corporation reissued a “buy” rating and issued a $170.00 target price on shares of Facebook in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and four have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $166.56.
In related news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $143.95, for a total transaction of $2,303,200.00. Following the transaction, the insider now directly owns 181,431 shares in the company, valued at approximately $26,116,992.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Insiders sold a total of 6,254,174 shares of company stock worth $945,091,701 over the last quarter. Company insiders own 19.08% of the company’s stock.
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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