Cape Cod Five Cents Savings Bank held its stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of FB. State Street Corp raised its position in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after buying an additional 1,536,158 shares during the period. Viking Global Investors LP raised its position in Facebook by 1.2% in the fourth quarter. Viking Global Investors LP now owns 18,978,163 shares of the social networking company’s stock valued at $2,183,438,000 after buying an additional 228,753 shares during the period. Norges Bank acquired a new position in Facebook during the fourth quarter valued at approximately $2,046,500,000. Loomis Sayles & Co. L P increased its position in Facebook by 4.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 12,789,217 shares of the social networking company’s stock valued at $1,471,399,000 after buying an additional 493,666 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Facebook by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,126,937 shares of the social networking company’s stock valued at $1,012,382,000 after buying an additional 349,947 shares in the last quarter. 57.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Facebook, Inc. (NASDAQ:FB) traded up 1.18% on Friday, hitting $172.45. 24,557,553 shares of the stock traded hands. The stock has a 50 day moving average of $156.22 and a 200-day moving average of $144.53. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The stock has a market cap of $500.11 billion, a PE ratio of 38.58 and a beta of 0.67.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm’s revenue was up 44.8% compared to the same quarter last year. On average, equities research analysts expect that Facebook, Inc. will post $5.23 EPS for the current year.
Several research firms have issued reports on FB. 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. Barclays PLC reiterated a “neutral” rating on shares of Facebook in a research note on Friday, April 14th. Robert W. Baird reiterated an “outperform” rating and set a $163.00 target price on shares of Facebook in a research note on Thursday, May 4th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $154.73 price target for the company in a report on Wednesday, May 17th. Finally, BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-two have given a buy rating and four have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $179.28.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $153.17, for a total transaction of $114,877.50. Following the transaction, the vice president now directly owns 79,830 shares in the company, valued at approximately $12,227,561.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Desmond-Hellmann sold 209 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $144.67, for a total value of $30,236.03. The disclosure for this sale can be found here. Insiders sold 10,160,716 shares of company stock worth $1,602,152,681 over the last quarter. 19.08% of the stock is currently owned by company 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.
Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
