Facebook, Inc. (FB) Position Held by F&V Capital Management LLC
F&V Capital Management LLC continued to hold its position in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,375 shares of the social networking company’s stock at the close of the second quarter. F&V Capital Management LLC’s holdings in Facebook were worth $812,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in FB. Fulton Bank N.A. boosted its stake in shares of Facebook by 2.1% during the 2nd quarter. Fulton Bank N.A. now owns 59,491 shares of the social networking company’s stock worth $8,982,000 after buying an additional 1,205 shares during the last quarter. Covenant Asset Management LLC boosted its stake in shares of Facebook by 0.6% during the 2nd quarter. Covenant Asset Management LLC now owns 29,935 shares of the social networking company’s stock worth $4,520,000 after buying an additional 180 shares during the last quarter. New England Research & Management Inc. acquired a new position in shares of Facebook during the 2nd quarter worth about $224,000. Capital Investment Advisors LLC boosted its stake in shares of Facebook by 12.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 7,100 shares of the social networking company’s stock worth $1,072,000 after buying an additional 778 shares during the last quarter. Finally, Heritage Investors Management Corp boosted its stake in shares of Facebook by 1.6% during the 2nd quarter. Heritage Investors Management Corp now owns 2,867 shares of the social networking company’s stock worth $433,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.
In related news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $149.93, for a total value of $2,398,880.00. Following the transaction, the insider now owns 184,965 shares of the company’s stock, valued at $27,731,802.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total transaction of $128,550.00. Following the completion of the transaction, the vice president now directly owns 93,341 shares in the company, valued at approximately $15,998,647.40. The disclosure for this sale can be found here. Insiders sold 12,948,842 shares of company stock valued at $2,121,156,283 over the last quarter. Company insiders own 19.08% of the company’s stock.
A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Robert W. Baird restated an “outperform” rating and set a $185.00 price objective (up from $163.00) on shares of Facebook in a research note on Thursday, July 27th. Mizuho restated a “buy” rating on shares of Facebook in a research note on Monday, August 7th. MKM Partners restated a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Facebook in a research note on Monday, August 7th. Finally, Pivotal Research downgraded shares of Facebook from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $185.67.
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Facebook, Inc. (NASDAQ FB) traded down 4.19% on Monday, reaching $163.40. 22,871,602 shares of the company’s stock were exchanged. The company has a market cap of $474.55 billion, a PE ratio of 36.57 and a beta of 0.76. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The firm’s 50 day moving average price is $170.12 and its 200 day moving average price is $154.54.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 44.8% on a year-over-year basis. On average, analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current 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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