First Dallas Securities Inc. Acquires 140 Shares of Facebook, Inc. (NASDAQ:FB)
First Dallas Securities Inc. boosted its holdings in Facebook, Inc. (NASDAQ:FB) by 6.9% during the 1st quarter, HoldingsChannel reports. The fund owned 2,175 shares of the social networking company’s stock after purchasing an additional 140 shares during the quarter. First Dallas Securities Inc.’s holdings in Facebook were worth $363,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its stake in Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares in the last quarter. FMR LLC lifted its holdings in shares of Facebook by 1.7% during the 3rd quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock worth $20,435,077,000 after acquiring an additional 2,132,804 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Facebook by 132.5% during the 4th quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after acquiring an additional 2,031,500 shares during the last quarter. Magellan Asset Management Ltd raised its position in Facebook by 13.8% in the 3rd quarter. Magellan Asset Management Ltd now owns 15,168,591 shares of the social networking company’s stock worth $2,494,626,000 after purchasing an additional 1,835,941 shares during the period. Finally, Rehmann Capital Advisory Group raised its position in Facebook by 16,836.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,737,877 shares of the social networking company’s stock worth $432,530,000 after purchasing an additional 1,727,616 shares during the period. Hedge funds and other institutional investors own 61.73% of the company’s stock.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $161.50, for a total transaction of $121,125.00. Following the completion of the sale, the vice president now owns 103,872 shares in the company, valued at approximately $16,775,328. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 255,050 shares of Facebook stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $176.27, for a total transaction of $44,957,663.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,551,104 shares of company stock worth $275,456,299. 14.53% of the stock is owned by insiders.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.80). The firm had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. Facebook had a net margin of 33.17% and a return on equity of 23.67%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company posted $1.69 EPS. On average, sell-side analysts anticipate that Facebook, Inc. will post 8 EPS for the current fiscal year.
FB has been the topic of several research reports. DZ Bank raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price (up from $200.00) on shares of Facebook in a report on Monday, April 22nd. Oppenheimer increased their price objective on shares of Facebook from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Deutsche Bank upped their target price on shares of Facebook from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, SunTrust Banks upped their target price on shares of Facebook to $215.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-two have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $210.44.
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Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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