Facebook, Inc. (NASDAQ:FB) Shares Bought by Advisor Partners LLC

Advisor Partners LLC raised its stake in Facebook, Inc. (NASDAQ:FB) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,616 shares of the social networking company’s stock after buying an additional 3,122 shares during the period. Facebook accounts for approximately 1.3% of Advisor Partners LLC’s holdings, making the stock its 8th largest position. Advisor Partners LLC’s holdings in Facebook were worth $4,917,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Arcadia Investment Management Corp MI increased its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares in the last quarter. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter valued at $121,000. Cable Hill Partners LLC increased its stake in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock valued at $129,000 after buying an additional 79 shares in the last quarter. Viking Fund Management LLC acquired a new stake in shares of Facebook during the first quarter valued at $142,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Facebook by 14,147.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 156,008 shares of the social networking company’s stock valued at $156,000 after buying an additional 154,913 shares in the last quarter. 57.68% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook, Inc. (NASDAQ FB) opened at 166.00 on Tuesday. The firm’s 50-day moving average price is $154.52 and its 200-day moving average price is $143.53. The firm has a market cap of $481.10 billion, a PE ratio of 42.21 and a beta of 0.67. Facebook, Inc. has a one year low of $113.55 and a one year high of $166.17.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.16. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.83 billion. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The firm’s revenue was up 49.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities research analysts expect that Facebook, Inc. will post $4.87 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on FB shares. UBS AG restated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research note on Wednesday, April 19th. Jefferies Group LLC restated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research note on Wednesday, April 19th. Aegis restated a “buy” rating on shares of Facebook in a research note on Sunday, April 2nd. Instinet restated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research note on Saturday, April 22nd. Finally, Loop Capital restated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have given a buy rating and five have assigned a strong buy rating to the company. Facebook has an average rating of “Buy” and a consensus target price of $168.31.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $164.28, for a total transaction of $2,628,480.00. Following the sale, the insider now directly owns 196,871 shares of the company’s stock, valued at approximately $32,341,967.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $153.17, for a total transaction of $114,877.50. Following the sale, the vice president now directly owns 79,830 shares in the company, valued at $12,227,561.10. The disclosure for this sale can be found here. Insiders sold 13,359,966 shares of company stock worth $2,082,892,714 in the last ninety days. 19.08% of the stock is owned by corporate insiders.

About Facebook

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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