Boulegeris Investments Inc. Raises Position in Facebook, Inc. (FB)

Boulegeris Investments Inc. boosted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,430 shares of the social networking company’s stock after buying an additional 405 shares during the quarter. Facebook makes up approximately 0.6% of Boulegeris Investments Inc.’s investment portfolio, making the stock its 25th biggest holding. Boulegeris Investments Inc.’s holdings in Facebook were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbour Capital Advisors LLC lifted its stake in shares of Facebook by 15,047.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after buying an additional 2,523,918 shares during the period. State Street Corp lifted its stake in shares of Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the period. HPM Partners LLC acquired a new stake in shares of Facebook during the first quarter worth $195,602,000. Jennison Associates LLC lifted its stake in shares of Facebook by 6.4% during the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after buying an additional 1,219,412 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt lifted its stake in shares of Facebook by 131.8% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after buying an additional 1,120,000 shares during the period. 57.44% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on FB shares. FBN Securities reiterated an “outperform” rating and set a $210.00 price objective (up from $175.00) on shares of Facebook in a research note on Sunday, July 30th. Pivotal Research downgraded shares of Facebook from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $172.45 to $140.00 in a research note on Monday, July 31st. Atlantic Securities set a $200.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, July 31st. Morgan Stanley set a $190.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, JMP Securities set a $195.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $197.95.

In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $166.85, for a total value of $125,137.50. Following the transaction, the vice president now directly owns 96,268 shares in the company, valued at approximately $16,062,315.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the transaction, the director now owns 6,311 shares in the company, valued at $1,129,037.90. The disclosure for this sale can be found here. In the last three months, insiders sold 5,652,146 shares of company stock valued at $999,797,448. Corporate insiders own 17.23% of the company’s stock.

Shares of Facebook, Inc. (FB) opened at $182.78 on Monday. Facebook, Inc. has a one year low of $114.00 and a one year high of $183.15. The stock has a market cap of $531,123.63, a PE ratio of 35.22, a P/E/G ratio of 1.16 and a beta of 0.67.

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

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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