Facebook, Inc. (FB) Position Maintained by Capital Advisors Ltd. LLC
Capital Advisors Ltd. LLC held its stake in Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,137 shares of the social networking company’s stock at the close of the 2nd quarter. Capital Advisors Ltd. LLC’s holdings in Facebook were worth $172,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in FB. Arcadia Investment Management Corp MI grew its holdings in Facebook by 20.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares in the last quarter. D. Scott Neal Inc. increased 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 purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. increased 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 purchasing an additional 34 shares during the last quarter. Pacific Center for Financial Services raised its stake 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 valued at $129,000 after purchasing an additional 88 shares in the last quarter. Finally, Watermark Asset Management Inc. acquired a new stake in shares of Facebook in the 1st quarter valued at about $141,000. 57.26% of the stock is currently owned by institutional investors and hedge funds.
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Several brokerages have recently commented on FB. Vetr cut shares of Facebook from a “buy” rating to a “hold” rating and set a $158.93 price target on the stock. in a research report on Monday, June 5th. Piper Jaffray Companies reissued an “overweight” rating and issued a $165.00 price objective on shares of Facebook in a report on Friday, June 9th. Moffett Nathanson reissued a “buy” rating on shares of Facebook in a report on Friday, June 9th. Deutsche Bank AG reissued a “buy” rating and issued a $185.00 price objective on shares of Facebook in a report on Monday, June 12th. Finally, Canaccord Genuity restated a “buy” rating and set a $175.00 price objective on shares of Facebook in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $185.06.
Facebook, Inc. (FB) opened at 169.47 on Tuesday. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a 50-day moving average of $169.85 and a 200 day moving average of $156.50. The company has a market cap of $492.17 billion, a PE ratio of 37.93 and a beta of 0.70.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. Equities research analysts predict that Facebook, Inc. will post $5.33 EPS for the current year.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total transaction of $111,750.00. Following the completion of the sale, the vice president now owns 86,156 shares of the company’s stock, valued at approximately $12,837,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $149.93, for a total transaction of $2,398,880.00. Following the transaction, the insider now owns 184,965 shares of the company’s stock, valued at approximately $27,731,802.45. The disclosure for this sale can be found here. Insiders have sold 12,667,406 shares of company stock valued at $2,078,665,122 over the last quarter. Company insiders own 19.08% of the company’s stock.
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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