Opera Trading Capital decreased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 63.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,135 shares of the social networking company’s stock after selling 1,973 shares during the period. Opera Trading Capital’s holdings in Facebook were worth $171,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted 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 last quarter. Norges Bank purchased a new position in Facebook during the fourth quarter valued at $2,046,500,000. Schwab Charles Investment Management Inc. boosted 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 during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock valued at $954,746,000 after buying an additional 71,206 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock valued at $582,441,000 after buying an additional 620,686 shares during the last quarter. 57.40% of the stock is currently owned by hedge funds and other institutional investors.
Facebook, Inc. (NASDAQ:FB) traded up 0.30% on Friday, reaching $167.41. 15,093,638 shares of the company were exchanged. The stock has a market capitalization of $486.19 billion, a price-to-earnings ratio of 37.47 and a beta of 0.70. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The stock has a 50-day moving average price of $163.85 and a 200 day moving average price of $148.79.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current year.
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Several research firms have recently commented on FB. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Wedbush restated a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Macquarie set a $175.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Monday, July 24th. Finally, J P Morgan Chase & Co upped their price objective on Facebook from $170.00 to $182.00 and gave the stock an “overweight” rating in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $183.47.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $148.03, for a total transaction of $2,368,480.00. Following the completion of the sale, the insider now owns 221,328 shares in the company, valued at $32,763,183.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 163,500 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $149.55, for a total transaction of $24,451,425.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,702,398 shares of company stock valued at $2,054,828,660. Insiders own 19.08% of the company’s stock.
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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