Clear Creek Financial Management LLC Takes $754,000 Position in Facebook, Inc. (NASDAQ:FB)

Clear Creek Financial Management LLC acquired a new stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, HoldingsChannel reports. The firm acquired 3,909 shares of the social networking company’s stock, valued at approximately $754,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whitnell & Co. acquired a new stake in Facebook during the 4th quarter worth approximately $26,000. Cordasco Financial Network lifted its position in Facebook by 70.0% during the 2nd quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock worth $33,000 after acquiring an additional 70 shares during the period. Shamrock Asset Management LLC acquired a new stake in Facebook during the 2nd quarter worth approximately $38,000. Clean Yield Group acquired a new stake in shares of Facebook in the 2nd quarter valued at approximately $39,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Facebook in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

In related news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $200.81, for a total value of $11,044,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO David B. Fischer sold 5,501 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total value of $1,082,816.84. The disclosure for this sale can be found here. Insiders have sold 2,691,472 shares of company stock valued at $500,472,871 over the last ninety days. Corporate insiders own 14.53% of the company’s stock.



Several analysts have recently commented on the company. BidaskClub cut Facebook from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. UBS Group reissued a “buy” rating and issued a $240.00 price target on shares of Facebook in a report on Thursday, July 25th. Moffett Nathanson raised Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a report on Tuesday, June 11th. Deutsche Bank raised their price target on Facebook from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Monness Crespi & Hardt raised their price target on Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the company. Facebook has an average rating of “Buy” and a consensus price target of $220.92.

Shares of NASDAQ:FB traded down $1.63 during midday trading on Wednesday, reaching $179.65. The company’s stock had a trading volume of 5,012,326 shares, compared to its average volume of 11,375,384. The firm has a market cap of $518.44 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $208.66. The business has a 50 day moving average price of $185.34 and a 200 day moving average price of $184.18.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping 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 company had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. Sell-side analysts anticipate that Facebook, Inc. will post 8.03 earnings per share for the current fiscal year.

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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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