Eqis Capital Management Inc. Raises Position in Facebook Inc (FB)
Eqis Capital Management Inc. boosted its holdings in shares of Facebook Inc (NASDAQ:FB) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,279 shares of the social networking company’s stock after buying an additional 983 shares during the quarter. Eqis Capital Management Inc.’s holdings in Facebook were worth $2,782,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. D. Scott Neal Inc. grew its holdings in 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. grew 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 worth $122,000 after purchasing an additional 34 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Facebook in the second quarter worth $138,000. Vigilant Capital Management LLC grew 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 worth $150,000 after purchasing an additional 150 shares during the last quarter. Finally, Watermark Asset Management Inc. purchased a new position in Facebook in the first quarter worth $141,000. 57.86% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on FB shares. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Morgan Stanley set a $200.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their price target on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target on the stock in a report on Monday, August 28th. Two 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 issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $200.75.
In other Facebook news, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total value of $3,050,119.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $178.83, for a total transaction of $134,122.50. Following the completion of the transaction, the vice president now owns 83,296 shares of the company’s stock, valued at approximately $14,895,823.68. The disclosure for this sale can be found here. Insiders have sold 5,066,441 shares of company stock valued at $903,750,174 over the last 90 days. 17.23% of the stock is currently owned by insiders.
Facebook Inc (FB) opened at $180.18 on Friday. The stock has a market cap of $518,367.09, a price-to-earnings ratio of 34.37, a P/E/G 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 posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue 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. research analysts forecast 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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