Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Facebook Inc (NASDAQ:FB) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 616,696 shares of the social networking company’s stock after purchasing an additional 26,700 shares during the period. Facebook comprises approximately 2.5% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 10th biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Facebook were worth $105,375,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook during the third quarter worth $111,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook during the second quarter worth $138,000. Stelac Advisory Services LLC acquired a new position in shares of Facebook during the third quarter worth $152,000. Odey Holdings AG increased its holdings in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after buying an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Facebook during the second quarter worth $165,000. Hedge funds and other institutional investors own 57.80% of the company’s stock.
Several research analysts have recently issued reports on FB shares. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price target for the company in a report on Thursday, January 25th. Aegis upped their price target on shares of Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. UBS Group set a $208.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $230.00 price objective on shares of Facebook in a report on Thursday, February 1st. Finally, BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $214.59.
Shares of Facebook Inc (FB) opened at $176.11 on Friday. Facebook Inc has a 1-year low of $132.55 and a 1-year high of $195.32. The firm has a market capitalization of $525,110.00, a PE ratio of 32.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.58.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. equities research analysts expect that Facebook Inc will post 7.22 EPS for the current year.
In other news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $177.68, for a total transaction of $133,260.00. Following the transaction, the vice president now owns 87,341 shares of the company’s stock, valued at approximately $15,518,748.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total transaction of $2,874,080.00. Following the transaction, the insider now directly owns 56,622 shares in the company, valued at approximately $10,171,009.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,548,013 shares of company stock valued at $278,500,923. Company insiders own 17.23% of the company’s stock.
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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