Clarkston Capital Partners LLC Has $378,000 Position in Facebook, Inc. (FB)
Clarkston Capital Partners LLC continued to hold its stake in shares of Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,506 shares of the social networking company’s stock at the close of the 2nd quarter. Clarkston Capital Partners LLC’s holdings in Facebook were worth $378,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its holdings in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the last quarter. D. Scott Neal Inc. raised its holdings in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the last quarter. Cohen Capital Management Inc. bought a new position in shares of Facebook in the first quarter valued at about $121,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the last quarter. Finally, Pacific Center for Financial Services raised its holdings in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 88 shares during the last quarter. Institutional investors own 57.30% of the company’s stock.
Facebook, Inc. (FB) traded up 0.40% during mid-day trading on Friday, reaching $171.64. The company had a trading volume of 15,660,539 shares. The stock has a market capitalization of $498.48 billion, a P/E ratio of 38.42 and a beta of 0.76. The stock has a 50 day moving average price of $170.10 and a 200-day moving average price of $153.80. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion for 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 company’s quarterly 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 EPS. Equities analysts anticipate that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
FB has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. lifted their price target on Facebook from $170.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. JMP Securities reaffirmed an “outperform” rating and issued a $195.00 price target (up from $170.00) on shares of Facebook in a report on Thursday, July 27th. Aegis reaffirmed a “buy” rating on shares of Facebook in a report on Monday, May 22nd. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target for the company in a report on Monday, August 28th. Finally, BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $183.74.
In other Facebook news, VP David B. Fischer sold 50,533 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $169.95, for a total value of $8,588,083.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $149.00, for a total value of $111,750.00. Following the completion of the transaction, the vice president now owns 86,156 shares in the company, valued at $12,837,244. The disclosure for this sale can be found here. Insiders sold a total of 13,109,908 shares of company stock worth $2,140,922,321 over the last 90 days. Corporate insiders own 19.08% of the company’s stock.
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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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