Facebook, Inc. (FB) Shares Bought by Personal Capital Advisors Corp

Personal Capital Advisors Corp lifted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,204 shares of the social networking company’s stock after purchasing an additional 11,176 shares during the period. Facebook accounts for 0.7% of Personal Capital Advisors Corp’s investment portfolio, making the stock its 24th biggest holding. Personal Capital Advisors Corp’s holdings in Facebook were worth $46,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FB. Townsend & Associates Inc boosted its holdings in Facebook by 6.6% in the 2nd quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock valued at $792,000 after purchasing an additional 254 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in Facebook by 2.2% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock valued at $2,462,000 after purchasing an additional 274 shares during the period. Harvest Group Wealth Management LLC boosted its holdings in Facebook by 2.4% in the 1st quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after purchasing an additional 286 shares during the period. Truewealth LLC boosted its holdings in Facebook by 7.1% in the 2nd quarter. Truewealth LLC now owns 4,306 shares of the social networking company’s stock valued at $837,000 after purchasing an additional 287 shares during the period. Finally, Sit Investment Associates Inc. boosted its holdings in Facebook by 0.5% in the 2nd quarter. Sit Investment Associates Inc. now owns 56,660 shares of the social networking company’s stock valued at $11,010,000 after purchasing an additional 290 shares during the period. Institutional investors own 60.30% of the company’s stock.

In related news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $152.90, for a total value of $8,409,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 210,000 shares of Facebook stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $185.45, for a total transaction of $38,944,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,622,884 shares of company stock worth $640,571,897. 16.25% of the stock is owned by corporate insiders.



Several research analysts have commented on the stock. BidaskClub downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Nomura assumed coverage on shares of Facebook in a report on Tuesday, July 10th. They issued a “buy” rating and a $228.00 price target for the company. Piper Jaffray Companies raised their price target on shares of Facebook to $250.00 and gave the company an “in-line” rating in a report on Friday, July 20th. UBS Group downgraded shares of Facebook from a “buy” rating to a “neutral” rating and cut their price target for the company from $212.00 to $180.00 in a report on Thursday, July 26th. Finally, Raymond James downgraded shares of Facebook from a “strong-buy” rating to an “outperform” rating and set a $210.00 price target for the company. in a report on Thursday, July 26th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average price target of $205.11.

Shares of NASDAQ:FB opened at $146.22 on Wednesday. The firm has a market capitalization of $422.30 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 0.90 and a beta of 0.42. Facebook, Inc. has a 52 week low of $139.03 and a 52 week high of $218.62.

Facebook (NASDAQ:FB) last issued its earnings results on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The company had revenue of $13.73 billion for the quarter, compared to analysts’ expectations of $13.82 billion. Facebook had a net margin of 39.31% and a return on equity of 28.16%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. As a group, analysts forecast that Facebook, Inc. will post 7.05 earnings per share for the current year.

About Facebook

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.

Further Reading: How Do You Calculate Return on Investment (ROI)?

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply