Atlas Brown Inc. increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,102 shares of the social networking company’s stock after acquiring an additional 429 shares during the period. Atlas Brown Inc.’s holdings in Facebook were worth $839,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in FB. Townsend & Associates Inc raised its holdings in shares of Facebook by 6.6% in the 2nd quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock worth $792,000 after purchasing an additional 254 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in Facebook by 2.2% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock valued at $2,462,000 after acquiring an additional 274 shares during the period. Valmark Advisers Inc. raised its holdings in Facebook by 18.6% during the 2nd quarter. Valmark Advisers Inc. now owns 1,797 shares of the social networking company’s stock valued at $349,000 after acquiring an additional 282 shares during the period. Truewealth LLC raised its holdings in Facebook by 7.1% during the 2nd quarter. Truewealth LLC now owns 4,306 shares of the social networking company’s stock valued at $837,000 after acquiring an additional 287 shares during the period. Finally, Sit Investment Associates Inc. raised its holdings in Facebook by 0.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 56,660 shares of the social networking company’s stock valued at $11,010,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 60.49% of the company’s stock.
Shares of FB stock traded down $1.54 during trading hours on Monday, hitting $165.79. The company’s stock had a trading volume of 12,701,233 shares, compared to its average volume of 23,465,016. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $218.62. The company has a market capitalization of $486.09 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.20. The company had revenue of $16.91 billion during the quarter, compared to analysts’ expectations of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. As a group, equities analysts forecast that Facebook, Inc. will post 7.55 earnings per share for the current year.
A number of research firms have recently commented on FB. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Raymond James upped their target price on shares of Facebook from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 31st. Mizuho upped their target price on shares of Facebook from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, January 31st. Finally, UBS Group restated a “neutral” rating and set a $170.00 price target (up from $160.00) on shares of Facebook in a research report on Thursday, January 31st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $190.62.
In related news, VP Colin Stretch sold 9,000 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total value of $1,350,000.00. Following the completion of the sale, the vice president now owns 94,680 shares of the company’s stock, valued at $14,202,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Todd Schroepfer sold 38,164 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $142.92, for a total transaction of $5,454,398.88. Following the completion of the sale, the insider now directly owns 588,694 shares of the company’s stock, valued at approximately $84,136,146.48. The disclosure for this sale can be found here. Insiders have sold 453,313 shares of company stock valued at $63,751,782 over the last 90 days. 16.25% of the stock is currently owned by company insiders.
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Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
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