Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 31.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,000 shares of the social networking company’s stock after buying an additional 45,000 shares during the period. Facebook comprises approximately 4.3% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s portfolio, making the stock its 9th largest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Facebook were worth $31,247,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Cribstone Capital Management LLC raised its holdings in Facebook by 186.2% in the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after purchasing an additional 406 shares in the last quarter. IMA Wealth Inc. bought a new stake in Facebook during the 2nd quarter valued at approximately $122,000. Trust Department MB Financial Bank N A bought a new stake in Facebook in the 2nd quarter worth approximately $134,000. Aviance Capital Management LLC bought a new position in shares of Facebook during the 2nd quarter valued at approximately $151,000. Finally, Lenox Wealth Management Inc. boosted its holdings in Facebook by 65.5% during the 3rd quarter. Lenox Wealth Management Inc. now owns 1,023 shares of the social networking company’s stock valued at $168,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 58.14% of the company’s stock.
FB stock opened at $143.80 on Friday. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62. The stock has a market capitalization of $418.99 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.92 and a beta of 0.58.
In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $132.11, for a total value of $7,266,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $120,000.00. Following the completion of the transaction, the vice president now directly owns 92,394 shares in the company, valued at $14,783,040. The disclosure for this sale can be found here. Over the last three months, insiders sold 431,850 shares of company stock worth $60,909,341. Insiders own 16.25% of the company’s stock.
Several research analysts recently issued reports on the company. BidaskClub raised Facebook from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $195.00 price target on shares of Facebook in a report on Wednesday, September 26th. Wells Fargo & Co reissued a “buy” rating and set a $220.00 target price on shares of Facebook in a research note on Monday, October 1st. ValuEngine upgraded Facebook from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Finally, Barclays reaffirmed a “buy” rating and set a $180.00 price target on shares of Facebook in a report on Friday, September 14th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $186.92.
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Facebook Company 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.
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