HT Partners LLC purchased a new position in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,312 shares of the social networking company’s stock, valued at approximately $298,000. Facebook makes up 0.1% of HT Partners LLC’s investment portfolio, making the stock its 26th biggest position.
A number of other institutional investors and hedge funds also recently modified their holdings of FB. Norges Bank acquired a new stake in Facebook during the 4th quarter worth about $5,429,501,000. Capital International Investors boosted its position in Facebook by 14.1% during the 1st quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock worth $8,604,068,000 after acquiring an additional 6,394,036 shares during the period. Wellington Management Group LLP boosted its position in Facebook by 36.9% during the 1st quarter. Wellington Management Group LLP now owns 15,704,846 shares of the social networking company’s stock worth $2,619,569,000 after acquiring an additional 4,236,566 shares during the period. Fisher Asset Management LLC boosted its position in Facebook by 1,141.8% during the 1st quarter. Fisher Asset Management LLC now owns 3,852,395 shares of the social networking company’s stock worth $642,580,000 after acquiring an additional 3,542,165 shares during the period. Finally, Public Investment Fund acquired a new stake in Facebook during the 1st quarter worth about $521,859,000. 65.12% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on FB shares. Royal Bank of Canada raised their price objective on Facebook from $238.00 to $271.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. SunTrust Banks lifted their price target on Facebook from $230.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. JMP Securities lifted their price target on Facebook from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. UBS Group set a $242.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Loop Capital lifted their price target on Facebook from $215.00 to $265.00 in a report on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $250.83.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.07). The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. Research analysts expect that Facebook, Inc. will post 7.25 EPS for the current year.
In other Facebook news, VP Jennifer Newstead sold 194 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $241.36, for a total transaction of $46,823.84. Following the completion of the transaction, the vice president now owns 2,888 shares in the company, valued at approximately $697,047.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO David B. Fischer sold 13,103 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $225.21, for a total value of $2,950,926.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,173 shares of company stock valued at $14,992,413. Corporate insiders own 14.14% of the company’s stock.
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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