Opera Trading Capital increased its position in Facebook, Inc. (NASDAQ:FB) by 115.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,108 shares of the social networking company’s stock after buying an additional 1,664 shares during the period. Opera Trading Capital’s holdings in Facebook were worth $441,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of FB. Arcadia Investment Management Corp MI boosted its position in 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 during the period. Cohen Capital Management Inc. acquired a new position in Facebook during the first quarter valued at about $121,000. Cable Hill Partners LLC boosted its position in 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 during the period. Viking Fund Management LLC acquired a new position in Facebook during the first quarter valued at about $142,000. Finally, Tortoise Investment Management LLC boosted its position in Facebook by 7.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,472 shares of the social networking company’s stock valued at $169,000 after buying an additional 100 shares during the period. 57.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Facebook, Inc. (FB) opened at 172.45 on Monday. The firm has a 50-day moving average of $156.22 and a 200 day moving average of $144.53. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a market capitalization of $500.11 billion, a P/E ratio of 38.58 and a beta of 0.67.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the prior year, the firm posted $0.97 EPS. The company’s quarterly 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 fiscal year.
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FB has been the subject of a number of research reports. Pivotal Research lowered shares of Facebook from a “hold” rating to a “sell” rating and set a $140.00 target price for the company. in a research note on Monday. FBN Securities reiterated an “outperform” rating and set a $210.00 target price (up from $175.00) on shares of Facebook in a research note on Sunday. Barclays PLC reiterated a “buy” rating on shares of Facebook in a research note on Friday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $205.00 target price (up from $180.00) on shares of Facebook in a research note on Friday. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $200.00 target price (up from $190.00) on shares of Facebook in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and four have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $179.28.
In other news, Director Susan Desmond-Hellmann sold 209 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total value of $30,236.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $165.29, for a total transaction of $123,967.50. Following the completion of the transaction, the vice president now owns 83,906 shares of the company’s stock, valued at approximately $13,868,822.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,160,716 shares of company stock worth $1,602,152,681. 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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