Hoylecohen LLC decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,583 shares of the social networking company’s stock after selling 1,369 shares during the period. Facebook accounts for 2.2% of Hoylecohen LLC’s holdings, making the stock its 8th biggest position. Hoylecohen LLC’s holdings in Facebook were worth $13,302,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Zweig DiMenna Associates LLC lifted its position in Facebook by 153.5% during the second quarter. Zweig DiMenna Associates LLC now owns 103,536 shares of the social networking company’s stock valued at $23,510,000 after acquiring an additional 62,692 shares during the last quarter. Mendel Money Management purchased a new stake in Facebook during the second quarter valued at approximately $1,681,000. Sciencast Management LP lifted its position in Facebook by 55.3% during the second quarter. Sciencast Management LP now owns 11,233 shares of the social networking company’s stock valued at $2,676,000 after acquiring an additional 4,001 shares during the last quarter. Pacer Advisors Inc. increased its stake in Facebook by 127.1% during the 2nd quarter. Pacer Advisors Inc. now owns 347,887 shares of the social networking company’s stock valued at $78,995,000 after purchasing an additional 194,732 shares in the last quarter. Finally, SlateStone Wealth LLC increased its stake in Facebook by 61.2% during the 2nd quarter. SlateStone Wealth LLC now owns 13,365 shares of the social networking company’s stock valued at $3,035,000 after purchasing an additional 5,075 shares in the last quarter. 65.12% of the stock is owned by institutional investors.
FB opened at $253.67 on Friday. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09. The company has a market cap of $668.11 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.68 and a beta of 1.19. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $255.85. The firm’s fifty day simple moving average is $235.27 and its two-hundred day simple moving average is $207.59.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. On average, research analysts forecast that Facebook, Inc. will post 7.36 EPS for the current year.
FB has been the topic of a number of recent analyst reports. Raymond James upped their price target on shares of Facebook from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research note on Friday. They noted that the move was a valuation call. Nomura Instinet upped their price target on shares of Facebook from $253.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wedbush restated an “outperform” rating and set a $300.00 price target (up previously from $250.00) on shares of Facebook in a research note on Monday, July 27th. Credit Suisse Group upped their price target on shares of Facebook from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC initiated coverage on shares of Facebook in a research note on Thursday, July 2nd. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $273.37.
In other news, VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $234.76, for a total value of $45,543.44. Following the transaction, the vice president now directly owns 1,918 shares of the company’s stock, valued at $450,269.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 1,195 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the completion of the transaction, the chief accounting officer now directly owns 3,147 shares in the company, valued at $703,008.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,591 shares of company stock worth $14,894,825. Insiders own 14.14% of the company’s stock.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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