Tranquility Partners LLC cut its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 12.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,912 shares of the social networking company’s stock after selling 545 shares during the period. Tranquility Partners LLC’s holdings in Facebook were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Watson Rebecca purchased a new position in Facebook in the second quarter valued at $25,000. JJJ Advisors Inc. increased its holdings in Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after buying an additional 105 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in Facebook in the first quarter valued at $41,000. Elmwood Wealth Management Inc. purchased a new position in Facebook in the first quarter valued at $46,000. Finally, NuWave Investment Management LLC increased its holdings in Facebook by 1,019.2% in the first quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock valued at $49,000 after buying an additional 265 shares in the last quarter. Institutional investors own 65.12% of the company’s stock.
Shares of NASDAQ:FB opened at $253.67 on Friday. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $255.85. The company’s 50 day moving average is $235.27 and its two-hundred day moving average is $207.59. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The company has a market cap of $668.11 billion, a PE ratio of 30.97, a P/E/G ratio of 1.68 and a beta of 1.19.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The company had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. As a group, equities research analysts expect that Facebook, Inc. will post 7.36 EPS for the current year.
A number of research analysts have weighed in on the stock. Deutsche Bank lifted their price objective on shares of Facebook from $220.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group set a $242.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Friday. Goldman Sachs Group reissued a “buy” rating and set a $303.00 target price (up previously from $265.00) on shares of Facebook in a research note on Friday. Nomura boosted their target price on shares of Facebook from $253.00 to $260.00 in a research note on Thursday, April 30th. Finally, Barclays upped their price objective on shares of Facebook from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $273.37.
In related news, CRO David B. Fischer sold 13,103 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $225.21, for a total value of $2,950,926.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer Newstead sold 194 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $207.43, for a total transaction of $40,241.42. Following the completion of the transaction, the vice president now directly owns 406 shares in the company, valued at $84,216.58. 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, 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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