Facebook Inc (FB) is Advisory Services Network LLC’s 5th Largest Position
Advisory Services Network LLC lifted its stake in Facebook Inc (NASDAQ:FB) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,857 shares of the social networking company’s stock after purchasing an additional 7,954 shares during the quarter. Facebook comprises 1.1% of Advisory Services Network LLC’s portfolio, making the stock its 5th biggest holding. Advisory Services Network LLC’s holdings in Facebook were worth $8,282,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. D. Scott Neal Inc. boosted its holdings in 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 acquiring an additional 679 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in 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 acquiring an additional 34 shares during the period. Pacific Center for Financial Services boosted its holdings in 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 acquiring an additional 88 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Facebook during the 2nd quarter valued at $138,000. Finally, Watermark Asset Management Inc. purchased a new position in Facebook during the 1st quarter valued at $141,000. Hedge funds and other institutional investors own 57.86% of the company’s stock.
In related news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the transaction, the insider now directly owns 178,802 shares of the company’s stock, valued at approximately $30,523,289.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 117,829 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $180.34, for a total value of $21,249,281.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,027,649 shares of company stock valued at $896,849,901. Corporate insiders own 17.23% of the company’s stock.
A number of research firms recently issued reports on FB. Pivotal Research restated a “sell” rating and set a $140.00 price objective on shares of Facebook in a report on Wednesday, September 6th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $198.52 price objective for the company in a report on Wednesday. Wells Fargo & Company restated an “outperform” rating and set a $215.00 price objective (up previously from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Royal Bank of Canada restated a “buy” rating and set a $195.00 price objective on shares of Facebook in a report on Friday, October 13th. Finally, Wedbush restated an “outperform” rating and set a $230.00 price objective (up previously from $225.00) on shares of Facebook in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $200.75.
Facebook Inc (NASDAQ:FB) opened at $178.30 on Thursday. The company has a market capitalization of $520,255.88, a price-to-earnings ratio of 34.50, a PEG ratio of 1.14 and a beta of 0.69. Facebook Inc has a 1 year low of $114.77 and a 1 year high of $184.25.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. equities analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.
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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