Facebook, Inc. (FB) Shares Bought by Eagle Global Advisors LLC

Eagle Global Advisors LLC boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 4.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,637 shares of the social networking company’s stock after purchasing an additional 1,432 shares during the period. Eagle Global Advisors LLC’s holdings in Facebook were worth $5,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alta Capital Management LLC lifted its stake in Facebook by 3.3% in the first quarter. Alta Capital Management LLC now owns 114,358 shares of the social networking company’s stock valued at $16,244,000 after acquiring an additional 3,691 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in Facebook by 1,059.1% in the first quarter. Hartford Financial Management Inc. now owns 1,472 shares of the social networking company’s stock valued at $209,000 after acquiring an additional 1,345 shares during the last quarter. Hartford Investment Management Co. lifted its stake in Facebook by 0.9% in the first quarter. Hartford Investment Management Co. now owns 604,051 shares of the social networking company’s stock valued at $85,805,000 after acquiring an additional 5,560 shares during the last quarter. Quotient Investors LLC lifted its stake in Facebook by 6.1% in the first quarter. Quotient Investors LLC now owns 23,654 shares of the social networking company’s stock valued at $3,360,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Ledyard National Bank lifted its stake in Facebook by 3.2% in the first quarter. Ledyard National Bank now owns 32,053 shares of the social networking company’s stock valued at $4,553,000 after acquiring an additional 1,004 shares during the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Director Jan Koum sold 3,600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $153.36, for a total value of $115,020.00. Following the completion of the transaction, the vice president now owns 85,406 shares of the company’s stock, valued at approximately $13,097,864.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,900,933 shares of company stock worth $2,118,781,506. Corporate insiders own 19.08% of the company’s stock.

Facebook, Inc. (FB) opened at 172.23 on Friday. The firm has a market capitalization of $500.19 billion, a price-to-earnings ratio of 38.55 and a beta of 0.70. The company has a 50 day moving average price of $169.94 and a 200-day moving average price of $157.13. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. On average, analysts forecast that Facebook, Inc. will post $5.34 EPS for the current fiscal year.

FB has been the subject of a number of analyst reports. Cowen and Company reiterated an “average” rating and issued a $200.00 target price (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $185.00 target price on shares of Facebook in a research note on Tuesday, July 11th. Bank of America Corporation restated a “buy” rating and issued a $170.00 price objective on shares of Facebook in a research note on Thursday, July 13th. Cantor Fitzgerald set a $180.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Finally, Canaccord Genuity restated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the company. Facebook presently has an average rating of “Buy” and an average target price of $185.38.

Facebook 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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