Facebook, Inc. (NASDAQ:FB) Shares Purchased by US Bancorp DE

US Bancorp DE increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 903,594 shares of the social networking company’s stock after purchasing an additional 22,798 shares during the period. US Bancorp DE’s holdings in Facebook were worth $174,393,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FB. American Assets Investment Management LLC raised its holdings in shares of Facebook by 285.0% during the fourth quarter. American Assets Investment Management LLC now owns 7,700 shares of the social networking company’s stock valued at $1,009,000 after acquiring an additional 5,700 shares in the last quarter. Essex Savings Bank purchased a new stake in Facebook in the fourth quarter worth $667,000. Beach Investment Counsel Inc. PA grew its stake in shares of Facebook by 120.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 64,050 shares of the social networking company’s stock worth $10,677,000 after acquiring an additional 34,957 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Facebook by 1.1% in the fourth quarter. Chartwell Investment Partners LLC now owns 60,116 shares of the social networking company’s stock worth $7,880,000 after acquiring an additional 629 shares during the last quarter. Finally, Beacon Pointe Wealth Advisors LLC purchased a new stake in shares of Facebook in the fourth quarter worth $760,000. Hedge funds and other institutional investors own 63.60% of the company’s stock.

In related news, CRO David B. Fischer sold 12,267 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $184.12, for a total value of $2,258,600.04. Following the completion of the transaction, the executive now owns 48,970 shares of the company’s stock, valued at approximately $9,016,356.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Susan J.S. Taylor sold 1,134 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total value of $210,300.30. Following the completion of the transaction, the chief accounting officer now directly owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The disclosure for this sale can be found here. In the last three months, insiders sold 2,244,072 shares of company stock valued at $416,434,607. Insiders own 14.53% of the company’s stock.



A number of equities research analysts have recently commented on FB shares. Bank of America set a $224.00 target price on Facebook and gave the stock a “buy” rating in a research note on Friday, July 19th. Susquehanna Bancshares increased their target price on Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. JMP Securities increased their target price on Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. ValuEngine cut Facebook from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group set a $228.00 price target on Facebook and gave the company a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $220.92.

Facebook stock traded down $0.32 during trading hours on Friday, hitting $187.15. 3,926,039 shares of the stock traded hands, compared to its average volume of 11,753,617. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The firm’s 50 day moving average price is $187.42 and its 200-day moving average price is $182.81. The stock has a market capitalization of $531.13 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 1.08 and a beta of 1.01. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The business had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 EPS. Research analysts forecast that Facebook, Inc. will post 8.03 earnings per share for the current fiscal year.

Facebook Company 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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