OLD Dominion Capital Management Inc. purchased a new stake in Facebook Inc (NASDAQ:FB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,200 shares of the social networking company’s stock, valued at approximately $205,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Facebook in the third quarter worth $111,000. Stelac Advisory Services LLC bought a new stake in shares of Facebook in the third quarter worth $152,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook in the second quarter worth $138,000. Odey Holdings AG lifted its position in shares of Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Facebook in the second quarter worth $165,000. 57.80% of the stock is currently owned by hedge funds and other institutional investors.
Facebook Inc (NASDAQ FB) opened at $176.11 on Friday. Facebook Inc has a fifty-two week low of $132.55 and a fifty-two week high of $195.32. The company has a market cap of $511,741.88, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $177.68, for a total value of $133,260.00. Following the transaction, the vice president now directly owns 87,341 shares in the company, valued at $15,518,748.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan Koum sold 594,246 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $179.35, for a total transaction of $106,578,020.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,548,013 shares of company stock worth $278,500,923. Corporate insiders own 17.23% of the company’s stock.
A number of analysts have recently commented on FB shares. Needham & Company LLC boosted their price objective on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Aegis boosted their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $190.00 price objective on shares of Facebook in a research report on Tuesday, October 31st. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Monness Crespi & Hardt raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $214.59.
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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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