Osborn Williams & Donohoe LLC cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,410 shares of the social networking company’s stock after selling 120 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Facebook were worth $968,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new stake in Facebook during the fourth quarter worth $2,046,500,000. State Street Corp raised 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 worth $13,262,607,000 after buying an additional 1,536,158 shares in the last quarter. HPM Partners LLC purchased a new stake in Facebook during the first quarter worth approximately $195,602,000. Alecta Pensionsforsakring Omsesidigt raised 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 worth $279,838,000 after buying an additional 1,120,000 shares in the last quarter. Finally, Karp Capital Management Corp raised 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 worth $127,334,000 after buying an additional 882,228 shares in the last quarter. Institutional investors own 57.40% of the company’s stock.
Facebook, Inc. (NASDAQ FB) traded down 0.58% during midday trading on Wednesday, reaching $168.65. 6,441,420 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $164.34 and its 200 day moving average price is $149.30. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The firm has a market cap of $489.79 billion, a price-to-earnings ratio of 37.75 and a beta of 0.70.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion for 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 revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Equities research analysts anticipate that Facebook, Inc. will post $5.33 EPS for the current year.
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A number of research firms recently issued reports on FB. Morgan Stanley reiterated a “buy” rating and set a $175.00 target price on shares of Facebook in a research report on Thursday, May 4th. Instinet reiterated a “buy” rating and set a $165.00 target price on shares of Facebook in a research report on Wednesday, May 3rd. Nomura set a $165.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $170.00 target price on shares of Facebook in a research report on Wednesday, May 3rd. Finally, Needham & Company LLC boosted their target price on shares of Facebook from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $183.74.
In related news, CEO Mark Zuckerberg sold 279,533 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $152.04, for a total transaction of $42,500,197.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 163,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $153.74, for a total value of $25,136,490.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,522,148 shares of company stock worth $2,027,897,350. 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.
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