Zurcher Kantonalbank Zurich Cantonalbank Has $96.14 Million Stake in Facebook, Inc. (FB)
Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Facebook, Inc. (NASDAQ:FB) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 636,795 shares of the social networking company’s stock after acquiring an additional 39,220 shares during the period. Facebook makes up about 0.9% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 11th largest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Facebook were worth $96,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of FB. D. Scott Neal Inc. raised its position 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 buying an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position 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 buying an additional 34 shares in the last quarter. Pacific Center for Financial Services raised its position 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 buying an additional 88 shares in the last quarter. Watermark Asset Management Inc. purchased a new stake in shares of Facebook in the first quarter worth $141,000. Finally, Vigilant Capital Management LLC raised its position in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares in the last quarter. 57.44% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on FB shares. Susquehanna Bancshares Inc restated a “positive” rating and set a $200.00 price target (up previously from $190.00) on shares of Facebook in a research report on Friday, July 28th. Goldman Sachs Group Inc reissued a “buy” rating and issued a $205.00 target price (up from $180.00) on shares of Facebook in a research note on Friday, July 28th. Barclays PLC set a $200.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, July 28th. FBN Securities reiterated an “outperform” rating and set a $210.00 target price (up from $175.00) on shares of Facebook in a report on Sunday, July 30th. Finally, Pivotal Research lowered shares of Facebook from a “hold” rating to a “sell” rating and lowered their target price for the company from $172.45 to $140.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $197.95.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the sale, the insider now owns 194,666 shares in the company, valued at approximately $33,313,192.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 254,525 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $166.97, for a total value of $42,498,039.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,906,671 shares of company stock valued at $1,042,295,487. Corporate insiders own 17.23% of the company’s stock.
Shares of Facebook, Inc. (FB) opened at $182.78 on Friday. The stock has a market cap of $525,573.50, a P/E ratio of 34.85, a PEG ratio of 1.15 and a beta of 0.67. Facebook, Inc. has a 12 month low of $114.00 and a 12 month high of $183.15.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. analysts expect that Facebook, Inc. will post 5.86 earnings per share for the current fiscal year.
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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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