HL Financial Services LLC raised its position in Facebook Inc (NASDAQ:FB) by 23.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,534 shares of the social networking company’s stock after purchasing an additional 17,418 shares during the quarter. HL Financial Services LLC’s holdings in Facebook were worth $15,811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. D. Scott Neal Inc. boosted its stake in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Facebook during the 3rd quarter worth about $111,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook during the 2nd quarter worth about $138,000. Vigilant Capital Management LLC boosted its stake in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares in the last quarter. Finally, Odey Holdings AG boosted its stake in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 57.75% of the company’s stock.
In other Facebook news, Director Peter Thiel sold 160,805 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the transaction, the vice president now owns 89,916 shares in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 4,181,449 shares of company stock valued at $752,592,962 over the last ninety days. Insiders own 17.23% of the company’s stock.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the firm posted $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. equities research analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.
Several analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $200.00 price target on shares of Facebook in a research note on Wednesday, September 27th. BidaskClub downgraded Facebook from a “strong-buy” rating to a “buy” rating in a research note on Friday. Morningstar set a $163.00 target price on Facebook and gave the company a “neutral” rating in a research note on Friday. UBS Group set a $215.00 target price on Facebook and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Cowen restated an “average” rating and set a $200.00 target price (up previously from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $202.86.
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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