Brookstone Capital Management Has $1.23 Million Position in Facebook, Inc. (FB)
Brookstone Capital Management increased its holdings in Facebook, Inc. (NASDAQ:FB) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,139 shares of the social networking company’s stock after purchasing an additional 481 shares during the quarter. Brookstone Capital Management’s holdings in Facebook were worth $1,229,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. D. Scott Neal Inc. grew its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the period. Pacific Center for Financial Services lifted its holdings in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 88 shares during the period. Vigilant Capital Management LLC lifted its holdings in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the period. Finally, Watermark Asset Management Inc. acquired a new position in Facebook in the first quarter valued at $141,000. 57.44% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on FB. Jefferies Group LLC restated a “buy” rating and issued a $192.00 target price (up previously from $175.00) on shares of Facebook in a report on Thursday, July 27th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price on the stock in a report on Monday, September 25th. Morgan Stanley restated an “overweight” rating and issued a $195.00 target price (up previously from $190.00) on shares of Facebook in a report on Monday, October 2nd. Atlantic Securities set a $200.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Pivotal Research restated a “sell” rating and issued a $140.00 target price on shares of Facebook in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $197.95.
In other news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $179.63, for a total transaction of $2,874,080.00. Following the completion of the sale, the insider now directly owns 56,622 shares of the company’s stock, valued at $10,171,009.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $166.85, for a total transaction of $125,137.50. Following the sale, the vice president now directly owns 96,268 shares of the company’s stock, valued at $16,062,315.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,906,671 shares of company stock valued at $1,042,295,487. 17.23% of the stock is currently owned by insiders.
Shares of Facebook, Inc. (NASDAQ FB) opened at $180.87 on Friday. The company has a market cap of $525,573.50, a PE ratio of 34.85, a PEG ratio of 1.15 and a beta of 0.67. Facebook, Inc. has a 52-week low of $114.00 and a 52-week high of $182.90.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. equities analysts anticipate that Facebook, Inc. will post 5.86 EPS for the current fiscal year.
Facebook Company Profile
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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