Facebook, Inc. (NASDAQ:FB) is Asturias Capital LLC’s 6th Largest Position
Asturias Capital LLC raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 87.0% during the first quarter, Holdings Channel reports. The fund owned 174,292 shares of the social networking company’s stock after buying an additional 81,067 shares during the period. Facebook comprises 10.3% of Asturias Capital LLC’s portfolio, making the stock its 6th largest position. Asturias Capital LLC’s holdings in Facebook were worth $24,758,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. HCR Wealth Advisors purchased a new position in shares of Facebook during the fourth quarter worth $3,091,000. Independent Advisor Alliance purchased a new position in shares of Facebook during the fourth quarter worth $6,418,000. M Holdings Securities Inc. boosted its position in shares of Facebook by 15.4% in the fourth quarter. M Holdings Securities Inc. now owns 14,088 shares of the social networking company’s stock worth $1,621,000 after buying an additional 1,885 shares in the last quarter. Howard Capital Management boosted its position in shares of Facebook by 2.8% in the first quarter. Howard Capital Management now owns 134,712 shares of the social networking company’s stock worth $19,136,000 after buying an additional 3,726 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its position in shares of Facebook by 14.0% in the first quarter. Patten & Patten Inc. TN now owns 9,785 shares of the social networking company’s stock worth $1,390,000 after buying an additional 1,200 shares in the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Facebook, Inc. (FB) traded up 0.44% on Friday, hitting $168.14. The stock had a trading volume of 4,919,305 shares. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The firm has a market cap of $488.31 billion, a PE ratio of 37.63 and a beta of 0.70. The company’s 50 day moving average is $161.08 and its 200 day moving average is $147.16.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s revenue was up 44.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. On average, equities research analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
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A number of equities research analysts recently commented on FB shares. UBS AG restated a “buy” rating and set a $165.00 price objective on shares of Facebook in a report on Wednesday, April 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $175.00 price target on shares of Facebook in a research note on Wednesday, April 19th. Aegis lifted their price target on shares of Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Instinet reiterated a “buy” rating and issued a $165.00 price target on shares of Facebook in a research note on Saturday, April 22nd. Finally, Loop Capital restated a “buy” rating and set a $175.00 price objective on shares of Facebook in a research note on Monday, April 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $182.00.
In other news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $148.03, for a total value of $2,368,480.00. Following the transaction, the insider now directly owns 221,328 shares of the company’s stock, valued at $32,763,183.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 286,387 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $148.40, for a total transaction of $42,499,830.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519. 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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