Sunbelt Securities Inc. Has $2.28 Million Stock Holdings in Facebook, Inc. (NASDAQ:FB)

Sunbelt Securities Inc. raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 88.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,792 shares of the social networking company’s stock after purchasing an additional 5,526 shares during the quarter. Facebook makes up 1.0% of Sunbelt Securities Inc.’s holdings, making the stock its 26th biggest position. Sunbelt Securities Inc.’s holdings in Facebook were worth $2,276,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in Facebook by 13,908.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after buying an additional 70,263,213 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Facebook by 1.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,604,448 shares of the social networking company’s stock worth $1,853,658,000 after buying an additional 101,003 shares during the period. Clearbridge Investments LLC increased its position in shares of Facebook by 16.8% in the first quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock worth $1,464,134,000 after purchasing an additional 1,266,152 shares during the period. Janus Henderson Group PLC increased its position in shares of Facebook by 8.2% in the second quarter. Janus Henderson Group PLC now owns 8,257,177 shares of the social networking company’s stock worth $1,593,606,000 after purchasing an additional 628,233 shares during the period. Finally, Flossbach Von Storch AG increased its position in shares of Facebook by 49.5% in the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after purchasing an additional 1,370,767 shares during the period. 62.11% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FB traded up $1.24 during trading hours on Friday, hitting $183.83. The company’s stock had a trading volume of 5,909,805 shares, compared to its average volume of 17,234,928. The stock has a fifty day simple moving average of $195.04 and a 200-day simple moving average of $180.54. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The company has a market capitalization of $537.64 billion, a P/E ratio of 24.28, a PEG ratio of 1.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.



Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. During the same period last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. On average, equities analysts predict that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

A number of research analysts recently commented on the company. Goldman Sachs Group set a $228.00 price target on Facebook and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Susquehanna Bancshares raised their price target on Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Oppenheimer raised their price target on Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. China Renaissance Securities assumed coverage on Facebook in a research report on Wednesday, May 29th. They issued a “buy” rating and a $245.00 price target on the stock. Finally, SunTrust Banks restated a “buy” rating and issued a $215.00 price target on shares of Facebook in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $220.92.

In related news, CEO Mark Zuckerberg sold 125,600 shares of Facebook stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $186.10, for a total value of $23,374,160.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO David B. Fischer sold 11,572 shares of Facebook stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $180.28, for a total value of $2,086,200.16. The disclosure for this sale can be found here. Insiders have sold 808,283 shares of company stock worth $150,830,736 over the last three months. Insiders own 14.53% of the company’s stock.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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