Ironvine Capital Partners LLC Acquires 11,295 Shares of Facebook, Inc. (NASDAQ:FB)

Ironvine Capital Partners LLC increased its position in Facebook, Inc. (NASDAQ:FB) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 108,751 shares of the social networking company’s stock after acquiring an additional 11,295 shares during the quarter. Facebook accounts for about 3.0% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Ironvine Capital Partners LLC’s holdings in Facebook were worth $20,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FB. Nuveen Asset Management LLC grew its holdings in shares of Facebook by 5,336.8% in the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after acquiring an additional 22,082,561 shares during the period. Invesco Ltd. lifted its position in Facebook by 36.5% during the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after purchasing an additional 9,368,684 shares in the last quarter. Viking Global Investors LP lifted its position in Facebook by 231.7% during the second quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock valued at $1,363,295,000 after purchasing an additional 4,934,406 shares in the last quarter. BlackRock Inc. lifted its position in Facebook by 2.8% during the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after purchasing an additional 4,114,043 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Facebook by 2.0% during the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after purchasing an additional 3,465,756 shares in the last quarter. 63.23% of the stock is owned by institutional investors.

NASDAQ:FB opened at $186.38 on Friday. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $531.08 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.09 and a beta of 1.02. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66. The business’s 50-day moving average is $184.36 and its 200 day moving average is $186.29.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company 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 firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. On average, research analysts forecast that Facebook, Inc. will post 7.99 earnings per share for the current year.

In other Facebook news, CEO Mark Zuckerberg sold 125,600 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $188.75, for a total transaction of $23,707,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $180.47, for a total value of $9,925,850.00. The disclosure for this sale can be found here. Insiders sold 4,232,038 shares of company stock worth $779,822,243 over the last quarter. 14.53% of the stock is owned by company insiders.

Several research firms recently weighed in on FB. Raymond James lifted their target price on Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. Deutsche Bank set a $230.00 target price on Facebook and gave the company a “buy” rating in a research report on Wednesday, October 9th. Pivotal Research reiterated a “buy” rating and set a $225.00 target price (up from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Goldman Sachs Group set a $231.00 target price on Facebook and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, JMP Securities lifted their target price on Facebook from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $223.11.

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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