Cape Cod Five Cents Savings Bank maintained its position in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,560 shares of the social networking company’s stock at the end of the second quarter. Cape Cod Five Cents Savings Bank’s holdings in Facebook were worth $236,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rafferty Asset Management LLC increased its position in shares of Facebook by 20.7% in the fourth quarter. Rafferty Asset Management LLC now owns 12,269 shares of the social networking company’s stock valued at $1,412,000 after buying an additional 2,105 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Facebook by 1.8% in the fourth quarter. Sunbelt Securities Inc. now owns 4,738 shares of the social networking company’s stock valued at $545,000 after buying an additional 85 shares during the last quarter. Impala Asset Management LLC acquired a new position in shares of Facebook during the fourth quarter valued at approximately $3,190,000. Davis Selected Advisers increased its position in shares of Facebook by 37.1% in the fourth quarter. Davis Selected Advisers now owns 3,319,241 shares of the social networking company’s stock valued at $381,879,000 after buying an additional 898,990 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of Facebook during the fourth quarter valued at approximately $4,939,000. 57.63% of the stock is owned by institutional investors and hedge funds.
Shares of Facebook, Inc. (NASDAQ:FB) opened at 164.14 on Thursday. The company has a market cap of $475.71 billion, a PE ratio of 41.73 and a beta of 0.67. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $165.70. The firm’s 50-day moving average price is $153.43 and its 200 day moving average price is $142.52. Facebook also was the target of unusually large options trading on Wednesday. Traders acquired 124,719 put options on the company. This is an increase of approximately 183% compared to the typical daily volume of 44,047 put options.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.83 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company’s revenue was up 49.2% on a year-over-year basis. Equities research analysts anticipate that Facebook, Inc. will post $4.87 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on FB shares. Pacific Crest restated an “overweight” rating and set a $155.00 price target on shares of Facebook in a report on Monday, April 24th. Needham & Company LLC boosted their price target on Facebook from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Wedbush set a $185.00 price target on Facebook and gave the stock a “buy” rating in a report on Thursday, May 4th. Morgan Stanley restated a “buy” rating and set a $175.00 price target on shares of Facebook in a report on Thursday, May 4th. Finally, Nomura set a $165.00 price target on Facebook and gave the stock a “buy” rating in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $166.98.
In other Facebook news, CEO Mark Zuckerberg sold 286,387 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $148.40, for a total value of $42,499,830.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Koum sold 3,600,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total transaction of $576,216,000.00. The disclosure for this sale can be found here. Insiders have sold 13,375,974 shares of company stock worth $2,084,877,536 in the last ninety days. Corporate insiders own 19.08% of the company’s stock.
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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