FB Stock: Facebook Inc Have 2,629 Shares in Acquired by Sterling Global Strategies LLC

0
219

Sterling Global Strategies LLC bought a new position in Facebook Inc (NASDAQ:FB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,629 shares of the social networking company’s stock, valued at approximately $449,000. Facebook comprises 1.8% of Sterling Global Strategies LLC’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors have also recently modified their holdings of the company. Conservest Capital Advisors Inc. lifted its stake in Facebook by 1.8% in the second quarter. Conservest Capital Advisors Inc. now owns 19,535 shares of the social networking company’s stock worth $2,949,000 after acquiring an additional 350 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its stake in Facebook by 25.0% in the second quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 75,000 shares of the social networking company’s stock worth $11,324,000 after acquiring an additional 15,000 shares during the period. First Command Bank lifted its stake in Facebook by 85.4% in the second quarter. First Command Bank now owns 5,076 shares of the social networking company’s stock worth $766,000 after acquiring an additional 2,338 shares during the period. Stock Yards Bank & Trust Co. lifted its stake in Facebook by 6.0% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,921 shares of the social networking company’s stock worth $743,000 after acquiring an additional 280 shares during the period. Finally, Capital Asset Advisory Services LLC lifted its stake in Facebook by 2.1% in the second quarter. Capital Asset Advisory Services LLC now owns 3,234 shares of the social networking company’s stock worth $488,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 57.75% of the company’s stock.

FB has been the subject of several recent research reports. Mizuho reissued a “buy” rating and set a $230.00 price objective on shares of Facebook in a research report on Wednesday, September 20th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective for the company in a research report on Monday, September 25th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Tuesday, September 26th. Wells Fargo & Co reissued an “outperform” rating and set a $215.00 price objective (up previously from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Finally, Cowen reissued an “average” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $203.72.

In other Facebook news, VP David B. Fischer sold 4,699 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,181,449 shares of company stock valued at $752,592,962 over the last quarter. 17.23% of the stock is owned by corporate insiders.

Shares of Facebook Inc (FB) opened at $179.37 on Tuesday. Facebook Inc has a twelve month low of $126.78 and a twelve month high of $188.90. The company has a market capitalization of $521,214.78, a PE ratio of 34.76, a P/E/G ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the company earned $1.09 EPS. Facebook’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts expect that Facebook Inc will post 5.86 EPS for the current year.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

LEAVE A REPLY

Please enter your comment!
Please enter your name here