Facebook Inc (FB) Shares Bought by Manchester Capital Management LLC
Manchester Capital Management LLC increased its position in Facebook Inc (NASDAQ:FB) by 27.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,452 shares of the social networking company’s stock after acquiring an additional 530 shares during the quarter. Manchester Capital Management LLC’s holdings in Facebook were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of FB. Vanguard Group Inc. grew its holdings in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. grew its holdings in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Capital World Investors grew its holdings in Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the period. Northern Trust Corp grew its holdings in Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the period. Finally, Jennison Associates LLC grew its holdings in Facebook by 6.4% during the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after purchasing an additional 1,219,412 shares during the period. 57.67% of the stock is owned by institutional investors.
Shares of Facebook Inc (NASDAQ:FB) opened at $176.41 on Tuesday. The company has a market capitalization of $511,599.56, a PE ratio of 32.73, a P/E/G ratio of 0.92 and a beta of 0.59. Facebook Inc has a 52-week low of $132.55 and a 52-week high of $195.32.
In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.29, for a total transaction of $134,467.50. Following the sale, the vice president now directly owns 86,296 shares in the company, valued at $15,472,009.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David B. Fischer sold 5,587 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,509,220 shares of company stock worth $271,586,498. Company insiders own 17.23% of the company’s stock.
Several analysts have issued reports on FB shares. Needham & Company LLC boosted their price target on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Aegis boosted their price target on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and set a $190.00 price target on shares of Facebook in a report on Tuesday, October 31st. Wedbush set a $225.00 price target on Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Monness Crespi & Hardt raised Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $214.70.
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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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