FCM Investments TX Maintains Stake in Facebook, Inc. (NASDAQ:FB)
FCM Investments TX maintained its stake in Facebook, Inc. (NASDAQ:FB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,150 shares of the social networking company’s stock at the end of the first quarter. FCM Investments TX’s holdings in Facebook were worth $305,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Hemenway Trust Co LLC purchased a new position in Facebook during the fourth quarter worth about $109,000. GFI Investment Counsel Ltd. purchased a new position in Facebook during the fourth quarter worth about $115,000. Cohen Capital Management Inc. purchased a new position in Facebook during the first quarter worth about $121,000. Cable Hill Partners LLC raised its position in Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. Finally, Empirical Finance LLC purchased a new position in Facebook during the fourth quarter worth about $132,000. Institutional investors and hedge funds own 57.62% of the company’s stock.
Facebook, Inc. (FB) traded up 0.377% during trading on Friday, reaching $169.225. The company had a trading volume of 8,763,647 shares. The firm’s 50 day moving average price is $157.40 and its 200 day moving average price is $145.43. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The firm has a market capitalization of $491.46 billion, a PE ratio of 37.875 and a beta of 0.70.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s revenue was up 44.8% on a year-over-year basis. Equities research analysts forecast that Facebook, Inc. will post $5.33 EPS for the current year.
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Several brokerages have recently weighed in on FB. Canaccord Genuity reiterated a “buy” rating and set a $175.00 price objective on shares of Facebook in a report on Friday, June 16th. Vetr lowered shares of Facebook from a “buy” rating to a “hold” rating and set a $156.06 price objective on the stock. in a report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Tuesday, June 20th. Wedbush set a $185.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, Instinet reiterated a “buy” rating and set a $165.00 price objective on shares of Facebook in a report on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and four have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $180.91.
In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $169.93, for a total transaction of $127,447.50. Following the transaction, the vice president now owns 83,156 shares in the company, valued at approximately $14,130,699.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction on Friday, July 28th. The shares were sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,221,032 shares of company stock valued at $1,612,554,682. 19.08% of the stock is currently owned by insiders.
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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