Gifford Fong Associates Acquires New Position in Facebook, Inc. Common Stock (FB)

Gifford Fong Associates acquired a new stake in shares of Facebook, Inc. Common Stock (NASDAQ:FB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,500 shares of the social networking company’s stock, valued at approximately $2,796,000. Facebook, Inc. Common Stock accounts for about 1.1% of Gifford Fong Associates’ holdings, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in FB. Knott David M acquired a new position in Facebook, Inc. Common Stock during the first quarter worth approximately $3,196,000. Lee Financial Co increased its position in Facebook, Inc. Common Stock by 25.0% during the first quarter. Lee Financial Co now owns 5,562 shares of the social networking company’s stock worth $888,000 after purchasing an additional 1,112 shares during the last quarter. Bray Capital Advisors increased its position in Facebook, Inc. Common Stock by 2.6% during the fourth quarter. Bray Capital Advisors now owns 24,802 shares of the social networking company’s stock worth $4,377,000 after purchasing an additional 625 shares during the last quarter. LA Financiere DE L Echiquier increased its position in Facebook, Inc. Common Stock by 4.5% during the fourth quarter. LA Financiere DE L Echiquier now owns 95,185 shares of the social networking company’s stock worth $16,796,000 after purchasing an additional 4,065 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in Facebook, Inc. Common Stock by 2.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,600 shares of the social networking company’s stock worth $4,890,000 after purchasing an additional 700 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

In other Facebook, Inc. Common Stock news, VP David B. Fischer sold 18,096 shares of the stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $185.88, for a total transaction of $3,363,684.48. Following the transaction, the vice president now directly owns 95,365 shares in the company, valued at approximately $17,726,446.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $187.21, for a total transaction of $10,296,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,194,425 shares of company stock valued at $2,564,735,947. Company insiders own 16.25% of the company’s stock.



FB opened at $181.11 on Wednesday. The firm has a market cap of $523.66 billion, a P/E ratio of 29.40, a PEG ratio of 1.15 and a beta of 0.40. Facebook, Inc. Common Stock has a twelve month low of $149.02 and a twelve month high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). The firm had revenue of $13.23 billion for the quarter, compared to analyst estimates of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. Facebook, Inc. Common Stock’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 earnings per share. equities analysts anticipate that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

Several brokerages recently commented on FB. Bank of America reaffirmed a “buy” rating and set a $205.00 price target on shares of Facebook, Inc. Common Stock in a research report on Tuesday, August 7th. MKM Partners dropped their price objective on shares of Facebook, Inc. Common Stock to $230.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of Facebook, Inc. Common Stock from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 31st. JMP Securities dropped their price objective on shares of Facebook, Inc. Common Stock from $235.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Finally, ValuEngine lowered shares of Facebook, Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Facebook, Inc. Common Stock presently has an average rating of “Buy” and a consensus price target of $209.46.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

See Also: Outstanding Shares

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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