1,450 Shares in Facebook, Inc. (FB) Purchased by Hayek Kallen Investment Management
Hayek Kallen Investment Management bought a new stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,450 shares of the social networking company’s stock, valued at approximately $219,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. D. Scott Neal Inc. lifted its position in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the period. Farmers & Merchants Investments Inc. lifted its position in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services lifted its position in shares of Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the period. Watermark Asset Management Inc. bought a new position in shares of Facebook during the 1st quarter worth approximately $141,000. Finally, Vigilant Capital Management LLC lifted its position in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares during the period. 57.44% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on FB. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price for the company in a research report on Monday, September 25th. Morgan Stanley restated an “overweight” rating and set a $195.00 target price (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Atlantic Securities set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, July 31st. Pivotal Research restated a “sell” rating and set a $140.00 target price on shares of Facebook in a research report on Wednesday, September 6th. Finally, Wells Fargo & Company set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $197.95.
Shares of Facebook, Inc. (FB) opened at $182.78 on Friday. Facebook, Inc. has a twelve month low of $114.00 and a twelve month high of $183.15. The stock has a market capitalization of $531,123.63, a PE ratio of 35.22, a P/E/G ratio of 1.16 and a beta of 0.67.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Facebook’s revenue was up 47.3% on a year-over-year basis. equities analysts expect that Facebook, Inc. will post 5.86 earnings per share for the current fiscal year.
In other Facebook news, CEO Mark Zuckerberg sold 254,525 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $166.97, for a total transaction of $42,498,039.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total value of $2,874,080.00. Following the transaction, the insider now directly owns 56,622 shares in the company, valued at approximately $10,171,009.86. The disclosure for this sale can be found here. Insiders have sold 5,906,671 shares of company stock worth $1,042,295,487 in the last quarter. 17.23% of the stock is currently owned by corporate insiders.
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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