Waldron LP Acquires 15,247 Shares of Facebook, Inc. (FB)
Waldron LP raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 100.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 30,401 shares of the social networking company’s stock after buying an additional 15,247 shares during the period. Facebook accounts for about 0.8% of Waldron LP’s portfolio, making the stock its 18th largest position. Waldron LP’s holdings in Facebook were worth $3,841,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in FB. Norges Bank purchased a new position in Facebook during the fourth quarter valued at approximately $2,046,500,000. State Street Corp boosted its position in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after buying an additional 1,536,158 shares in the last quarter. HPM Partners LLC purchased a new position in Facebook during the first quarter valued at approximately $195,602,000. Alecta Pensionsforsakring Omsesidigt boosted its position in Facebook by 131.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock valued at $279,838,000 after buying an additional 1,120,000 shares in the last quarter. Finally, Karp Capital Management Corp boosted its position in Facebook by 6,222.5% in the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after buying an additional 882,228 shares in the last quarter. 57.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Facebook, Inc. (NASDAQ:FB) traded up 0.093% during midday trading on Monday, reaching $167.565. 6,771,624 shares of the company’s stock were exchanged. The company has a market cap of $486.64 billion, a price-to-earnings ratio of 37.503 and a beta of 0.70. The stock’s 50 day moving average price is $163.86 and its 200 day moving average price is $148.79. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.13 by $0.19. The company 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 firm’s revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. Equities analysts anticipate that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.
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FB has been the topic of several recent analyst reports. Canaccord Genuity reissued a “buy” rating and set a $175.00 target price on shares of Facebook in a research report on Friday, June 16th. Vetr cut shares of Facebook from a “buy” rating to a “hold” rating and set a $156.06 target price on the stock. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Argus reissued a “buy” rating and set a $176.00 target price on shares of Facebook in a research report on Monday, May 8th. Two 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 stock. Facebook has a consensus rating of “Buy” and a consensus price target of $183.74.
In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $148.54, for a total value of $111,405.00. Following the completion of the sale, the vice president now owns 90,656 shares in the company, valued at approximately $13,466,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Sheryl Sandberg sold 163,500 shares of Facebook stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $149.55, for a total value of $24,451,425.00. The disclosure for this sale can be found here. Insiders sold a total of 12,686,398 shares of company stock valued at $2,052,460,180 in the last 90 days. 19.08% of the stock is owned by company insiders.
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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