Oak Associates Ltd. OH Purchases 7,549 Shares of Facebook Inc (FB)
Oak Associates Ltd. OH raised its position in shares of Facebook Inc (NASDAQ:FB) by 3.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 227,464 shares of the social networking company’s stock after purchasing an additional 7,549 shares during the quarter. Facebook accounts for about 2.6% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 9th biggest holding. Oak Associates Ltd. OH’s holdings in Facebook were worth $34,343,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. D. Scott Neal Inc. grew its stake in shares of Facebook by 1,358.0% in 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 period. Farmers & Merchants Investments Inc. grew its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services grew its stake in shares of Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook in the second quarter worth approximately $138,000. Finally, Watermark Asset Management Inc. bought a new stake in shares of Facebook in the first quarter worth approximately $141,000. Institutional investors and hedge funds own 57.86% of the company’s stock.
In other news, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total value of $3,050,119.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 178,802 shares in the company, valued at approximately $30,523,289.42. The disclosure for this sale can be found here. Insiders sold 5,066,441 shares of company stock worth $903,750,174 in the last three months. Insiders own 17.23% of the company’s stock.
A number of analysts have recently commented on FB shares. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Barclays lifted their price target on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and issued a $185.00 price target on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC lifted their price target on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus price target of $200.75.
Facebook Inc (NASDAQ FB) opened at $178.39 on Friday. Facebook Inc has a 1-year low of $114.77 and a 1-year high of $184.25. The firm has a market cap of $514,211.81, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 1.13 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 earnings per share for the quarter, beating 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 the consensus estimate of $9.84 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.
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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