Facebook Inc (FB) Shares Bought by Rockland Trust Co.
Rockland Trust Co. raised its holdings in Facebook Inc (NASDAQ:FB) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,517 shares of the social networking company’s stock after purchasing an additional 451 shares during the quarter. Facebook makes up about 1.6% of Rockland Trust Co.’s investment portfolio, making the stock its 24th largest position. Rockland Trust Co.’s holdings in Facebook were worth $10,853,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of FB. D. Scott Neal Inc. raised its position in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook during the second quarter worth $138,000. Vigilant Capital Management LLC raised its position in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares during the last quarter. Odey Holdings AG raised its position in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after acquiring an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Facebook during the second quarter worth $165,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.
A number of research firms have recently weighed in on FB. SunTrust Banks boosted their target price on Facebook to $240.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus downgraded Facebook from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Friday. Vetr downgraded Facebook from a “strong-buy” rating to a “buy” rating and set a $210.22 target price for the company. in a research report on Thursday. Finally, UBS Group set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $203.72.
Facebook Inc (FB) opened at $179.37 on Friday. Facebook Inc has a 52 week low of $126.78 and a 52 week high of $188.90. The stock has a market capitalization of $521,214.78, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.68.
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. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 47.3% on a year-over-year basis. equities research analysts anticipate that Facebook Inc will post 5.86 EPS 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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