Facebook, Inc. (FB) is KAMES CAPITAL plc’s Largest Position
KAMES CAPITAL plc lessened its holdings in Facebook, Inc. (NASDAQ:FB) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 956,036 shares of the social networking company’s stock after selling 42,347 shares during the quarter. Facebook accounts for 4.1% of KAMES CAPITAL plc’s investment portfolio, making the stock its largest position. KAMES CAPITAL plc’s holdings in Facebook were worth $144,323,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI grew its stake in Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after purchasing an additional 120 shares during the period. Cohen Capital Management Inc. bought a new position in Facebook in the 1st quarter valued at $121,000. Pacific Center for Financial Services grew its stake in Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after purchasing an additional 88 shares during the period. Watermark Asset Management Inc. bought a new position in Facebook in the 1st quarter valued at $141,000. Finally, Viking Fund Management LLC bought a new position in Facebook in the 1st quarter valued at $142,000. Hedge funds and other institutional investors own 57.30% of the company’s stock.
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In related news, Director Jan Koum sold 3,600,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 281,436 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $151.01, for a total value of $42,499,650.36. The disclosure for this sale can be found here. Insiders sold a total of 13,109,908 shares of company stock valued at $2,140,922,321 in the last three months. Insiders own 19.08% of the company’s stock.
Facebook, Inc. (NASDAQ:FB) traded up 0.40% on Friday, hitting $171.64. The stock had a trading volume of 15,660,539 shares. The company has a 50-day moving average price of $170.10 and a 200 day moving average price of $153.80. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The firm has a market cap of $498.48 billion, a PE ratio of 38.42 and a beta of 0.76.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The firm 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 business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Equities analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.
Several research firms have recently weighed in on FB. Pivotal Research reiterated a “sell” rating and set a $140.00 price target on shares of Facebook in a research note on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and set a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target for the company in a research note on Monday, August 28th. SunTrust Banks, Inc. began coverage on Facebook in a research note on Tuesday, August 15th. They set a “buy” rating and a $210.00 price target for the company. Finally, Cowen and Company reiterated an “outperform” rating and set a $195.00 price target on shares of Facebook in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average target price of $183.74.
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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