Facebook Inc (FB) Shares Bought by Cetera Investment Advisers
Cetera Investment Advisers lifted its position in shares of Facebook Inc (NASDAQ:FB) by 20.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,730 shares of the social networking company’s stock after buying an additional 3,383 shares during the period. Cetera Investment Advisers’ holdings in Facebook were worth $2,983,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. D. Scott Neal Inc. increased its holdings in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares in the last quarter. Pacific Center for Financial Services increased its holdings in 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. Mountain Capital Investment Advisors Inc acquired a new stake in Facebook in the 2nd quarter valued at $138,000. Finally, Vigilant Capital Management LLC increased its holdings in Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 57.86% of the company’s stock.
Several brokerages recently issued reports on FB. Citigroup reiterated a “buy” rating and issued a $200.00 price target on shares of Facebook in a report on Wednesday, September 27th. Vetr downgraded Facebook from a “strong-buy” rating to a “buy” rating and set a $199.43 price target for the company. in a report on Thursday. Cowen reiterated an “average” rating and issued a $200.00 price target (up from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $190.00 price target on shares of Facebook in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $225.00 price target on shares of Facebook in a report on Thursday, November 2nd. Two 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. Facebook currently has an average rating of “Buy” and an average price target of $200.75.
In related news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $171.40, for a total transaction of $128,550.00. Following the sale, the vice president now owns 93,341 shares in the company, valued at $15,998,647.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the sale, the insider now owns 178,802 shares in the company, valued at approximately $30,523,289.42. The disclosure for this sale can be found here. Insiders have sold 5,027,649 shares of company stock worth $896,849,901 in the last ninety days. Corporate insiders own 17.23% of the company’s stock.
Facebook Inc (FB) opened at $178.30 on Thursday. Facebook Inc has a 12-month low of $114.77 and a 12-month high of $184.25. The company has a market cap of $520,255.88, a PE ratio of 34.50, a PEG ratio of 1.14 and a beta of 0.69.
Facebook (NASDAQ:FB) last issued its quarterly 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. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter last year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. sell-side analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.
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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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