Prospera Financial Services Inc lowered its stake in Facebook, Inc. (NASDAQ:FB) by 18.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,765 shares of the social networking company’s stock after selling 2,594 shares during the period. Prospera Financial Services Inc’s holdings in Facebook were worth $1,764,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Facebook during the fourth quarter valued at about $2,046,500,000. State Street Corp boosted its stake 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. HPM Partners LLC acquired a new stake in Facebook during the first quarter valued at about $195,602,000. Alecta Pensionsforsakring Omsesidigt boosted its stake in Facebook by 131.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock valued at $279,838,000 after buying an additional 1,120,000 shares during the period. Finally, Karp Capital Management Corp boosted its stake in Facebook by 6,222.5% in the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after buying an additional 882,228 shares during the period. Institutional investors and hedge funds own 57.60% of the company’s stock.
Shares of Facebook, Inc. (NASDAQ FB) traded up 0.5643% during midday trading on Friday, reaching $168.3447. 8,363,818 shares of the company were exchanged. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a market capitalization of $488.91 billion, a P/E ratio of 37.6779 and a beta of 0.70. The stock has a 50-day moving average price of $161.08 and a 200 day moving average price of $147.16.
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, topping the Zacks’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. Equities research analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
FB has been the topic of a number of research analyst reports. Pacific Crest reiterated an “overweight” rating and issued a $155.00 target price on shares of Facebook in a report on Monday, April 24th. Needham & Company LLC lifted their target price on Facebook from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, April 28th. Wedbush set a $185.00 target price on Facebook and gave the company a “buy” rating in a report on Thursday, May 4th. Morgan Stanley reiterated a “buy” rating and issued a $175.00 target price on shares of Facebook in a report on Thursday, May 4th. Finally, Nomura set a $165.00 target price on Facebook and gave the company a “buy” rating in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $182.00.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $150.10, for a total transaction of $112,575.00. Following the completion of the transaction, the vice president now directly owns 86,761 shares in the company, valued at approximately $13,022,826.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Todd Schroepfer sold 37,963 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $171.98, for a total transaction of $6,528,876.74. Following the transaction, the insider now owns 882,427 shares of the company’s stock, valued at $151,759,795.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519. 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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