Equity Investment Corp Purchases Shares of 1,305 Facebook Inc (FB)

Equity Investment Corp purchased a new position in shares of Facebook Inc (NASDAQ:FB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,305 shares of the social networking company’s stock, valued at approximately $223,000.

A number of other institutional investors also recently made changes to their positions in the stock. Regal Investment Advisors LLC grew its stake in Facebook by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares during the period. Halbert Hargrove Russell LLC grew its stake in Facebook by 0.5% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after purchasing an additional 19 shares during the period. Aspen Investment Management Inc grew its stake in Facebook by 0.4% in the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after purchasing an additional 30 shares during the period. Fort Pitt Capital Group LLC grew its stake in Facebook by 2.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 1,609 shares of the social networking company’s stock valued at $243,000 after purchasing an additional 38 shares during the period. Finally, New Amsterdam Partners LLC NY lifted its position in shares of Facebook by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,808 shares of the social networking company’s stock valued at $877,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 57.67% of the company’s stock.

Facebook Inc (NASDAQ:FB) opened at $177.36 on Friday. The company has a market capitalization of $515,230.81, a PE ratio of 32.91, a PEG ratio of 0.92 and a beta of 0.59. Facebook Inc has a 1 year low of $132.90 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities analysts expect that Facebook Inc will post 7.28 EPS for the current year.

In other news, Director Peter Thiel sold 160,805 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction 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 is available through the SEC website. Also, CEO Mark Zuckerberg sold 232,138 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $183.08, for a total value of $42,499,825.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,209,309 shares of company stock worth $216,556,536 over the last quarter. Corporate insiders own 17.23% of the company’s stock.

A number of brokerages have recently commented on FB. Credit Suisse Group reaffirmed an “outperform” rating and set a $232.00 price target (up previously from $230.00) on shares of Facebook in a research report on Monday, January 8th. Stifel Nicolaus cut Facebook from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Barclays upped their price target on Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 price target on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Atlantic Securities set a $215.00 price target on Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $214.70.

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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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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