University of Notre Dame DU Lac trimmed its position in shares of Facebook Inc (NASDAQ:FB) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,723 shares of the social networking company’s stock after selling 1,021 shares during the quarter. Facebook makes up approximately 2.7% of University of Notre Dame DU Lac’s holdings, making the stock its 6th largest position. University of Notre Dame DU Lac’s holdings in Facebook were worth $9,521,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of FB. Moisand Fitzgerald Tamayo LLC bought a new stake in Facebook during the 3rd quarter valued at approximately $111,000. Mountain Capital Investment Advisors Inc bought a new stake in Facebook during the 2nd quarter valued at approximately $138,000. Stelac Advisory Services LLC bought a new stake in shares of Facebook in the 3rd quarter worth approximately $152,000. Odey Holdings AG boosted its position in shares of Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Facebook in the 2nd quarter worth approximately $165,000. 57.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Facebook Inc (FB) opened at $183.29 on Friday. The firm has a market cap of $532,457.44, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 0.95 and a beta of 0.59. Facebook Inc has a 12 month low of $134.16 and a 12 month high of $195.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. analysts expect that Facebook Inc will post 7.28 EPS for the current year.
FB has been the topic of a number of analyst reports. Barclays boosted their price target on Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC boosted their price target on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price target on Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Morgan Stanley set a $215.00 price target on Facebook and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Atlantic Securities set a $215.00 price target on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $214.70.
In other news, Director Jan Koum sold 1,253,906 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total value of $221,326,948.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Insiders sold a total of 3,219,330 shares of company stock valued at $572,496,651 over the last 90 days. 17.23% of the stock is currently owned by company insiders.
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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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