Capital International Inc. CA increased its holdings in Facebook, Inc. (NASDAQ:FB) by 18.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 764,907 shares of the social networking company’s stock after purchasing an additional 116,738 shares during the period. Facebook makes up 2.2% of Capital International Inc. CA’s portfolio, making the stock its 3rd biggest position. Capital International Inc. CA’s holdings in Facebook were worth $156,997,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. TFO TDC LLC bought a new stake in shares of Facebook during the fourth quarter valued at approximately $25,000. Permanens Capital L.P. bought a new stake in shares of Facebook during the fourth quarter valued at approximately $28,000. American National Bank bought a new stake in shares of Facebook during the fourth quarter valued at approximately $41,000. Lighthouse Financial Advisors Inc. bought a new stake in shares of Facebook during the fourth quarter valued at approximately $41,000. Finally, University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Facebook during the fourth quarter valued at approximately $41,000. 65.29% of the stock is owned by hedge funds and other institutional investors.
In related news, CAO Susan J.S. Taylor sold 1,449 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $201.80, for a total transaction of $292,408.20. Following the sale, the chief accounting officer now directly owns 2,113 shares in the company, valued at $426,403.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO David B. Fischer sold 11,142 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $192.00, for a total transaction of $2,139,264.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,067 shares of company stock worth $17,392,181. Company insiders own 14.53% of the company’s stock.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.03. The company had revenue of $21.08 billion for the quarter, compared to analyst estimates of $20.90 billion. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $2.38 earnings per share. As a group, research analysts expect that Facebook, Inc. will post 8.97 earnings per share for the current fiscal year.
Several analysts have recently commented on FB shares. Guggenheim increased their price target on shares of Facebook from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reissued a “buy” rating and set a $230.00 price target on shares of Facebook in a research note on Wednesday, March 18th. Raymond James reissued a “buy” rating on shares of Facebook in a research note on Thursday, January 30th. Bernstein Bank started coverage on shares of Facebook in a research note on Friday, January 10th. They set an “outperform” rating and a $250.00 price target on the stock. Finally, Edward Jones raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $241.88.
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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