V Wealth Advisors LLC Buys 2,627 Shares of Facebook, Inc. (NASDAQ:FB)

V Wealth Advisors LLC raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 44.2% in the second quarter, Holdings Channel reports. The fund owned 8,577 shares of the social networking company’s stock after acquiring an additional 2,627 shares during the period. V Wealth Advisors LLC’s holdings in Facebook were worth $1,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sarasin & Partners LLP lifted its position in shares of Facebook by 223.4% during the 2nd quarter. Sarasin & Partners LLP now owns 256,493 shares of the social networking company’s stock valued at $58,242,000 after acquiring an additional 177,179 shares during the period. First American Bank increased its stake in shares of Facebook by 1.4% in the first quarter. First American Bank now owns 43,592 shares of the social networking company’s stock valued at $7,271,000 after buying an additional 593 shares during the period. Consolidated Investment Group LLC increased its stake in shares of Facebook by 64.2% in the first quarter. Consolidated Investment Group LLC now owns 13,300 shares of the social networking company’s stock valued at $2,218,000 after buying an additional 5,200 shares during the period. Donaldson Capital Management LLC increased its stake in shares of Facebook by 23.3% in the second quarter. Donaldson Capital Management LLC now owns 1,596 shares of the social networking company’s stock valued at $362,000 after buying an additional 302 shares during the period. Finally, Transform Wealth LLC increased its stake in shares of Facebook by 6.3% in the first quarter. Transform Wealth LLC now owns 30,466 shares of the social networking company’s stock valued at $5,082,000 after buying an additional 1,807 shares during the period. 65.12% of the stock is owned by institutional investors.

Shares of Facebook stock opened at $253.67 on Friday. The business’s fifty day simple moving average is $235.27 and its 200 day simple moving average is $207.59. The firm has a market capitalization of $668.11 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $255.85. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion for the quarter, compared to analyst estimates of $17.29 billion. Facebook had a return on equity of 23.49% and a net margin of 31.29%. Analysts predict that Facebook, Inc. will post 7.36 EPS for the current fiscal year.

In other Facebook news, CRO David B. Fischer sold 22,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $205.29, for a total value of $4,516,380.00. Following the completion of the sale, the executive now directly owns 57,503 shares of the company’s stock, valued at $11,804,790.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $246.22, for a total value of $47,766.68. Following the completion of the sale, the vice president now directly owns 2,112 shares of the company’s stock, valued at $520,016.64. The disclosure for this sale can be found here. Insiders have sold 68,591 shares of company stock worth $14,894,825 over the last quarter. 14.14% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. Mizuho increased their price target on Facebook from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James raised their target price on Facebook from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Friday. They noted that the move was a valuation call. Monness Crespi & Hardt raised their target price on Facebook from $230.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Pivotal Research raised their target price on Facebook from $225.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Robert W. Baird raised their target price on Facebook from $240.00 to $300.00 in a research note on Thursday, June 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $273.37.

Facebook 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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