Boston Private Wealth LLC Has $30.53 Million Holdings in Facebook, Inc. (FB)
Boston Private Wealth LLC boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,223 shares of the social networking company’s stock after buying an additional 12,107 shares during the period. Facebook accounts for about 1.2% of Boston Private Wealth LLC’s investment portfolio, making the stock its 17th biggest holding. Boston Private Wealth LLC’s holdings in Facebook were worth $30,532,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of FB. Arcadia Investment Management Corp MI lifted its holdings in shares of Facebook by 20.0% during 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 last quarter. D. Scott Neal Inc. lifted its holdings in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares during the last quarter. Pacific Center for Financial Services lifted its holdings in shares of Facebook by 10.7% during 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 last quarter. Finally, Crow Point Partners LLC purchased a new stake in shares of Facebook during the 2nd quarter valued at $142,000. Institutional investors own 57.35% of the company’s stock.
Facebook, Inc. (FB) opened at $178.46 on Monday. The firm has a market cap of $518,570.00, a PE ratio of 34.38, a P/E/G ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $182.90.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. analysts predict that Facebook, Inc. will post 5.81 EPS for the current year.
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In other Facebook news, CEO Mark Zuckerberg sold 248,984 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $170.69, for a total value of $42,499,078.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $171.15, for a total transaction of $128,362.50. Following the completion of the transaction, the vice president now directly owns 90,087 shares in the company, valued at $15,418,390.05. The disclosure for this sale can be found here. Insiders sold a total of 8,093,636 shares of company stock worth $1,405,118,200 over the last ninety days. 19.08% of the stock is currently owned by corporate insiders.
FB has been the subject of several analyst reports. Cowen and Company reiterated an “average” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Deutsche Bank AG increased their price objective on Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 price objective on Facebook and gave the company a “buy” rating in a report on Wednesday, July 19th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price objective (up previously from $165.00) on shares of Facebook in a report on Wednesday, July 19th. Finally, Macquarie set a $175.00 price objective on Facebook and gave the company a “buy” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $197.95.
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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