Facebook, Inc. (FB) Stake Held by Rothschild Capital Partners LLC
Rothschild Capital Partners LLC continued to hold its position in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,793 shares of the social networking company’s stock at the end of the second quarter. Facebook comprises 8.7% of Rothschild Capital Partners LLC’s portfolio, making the stock its largest position. Rothschild Capital Partners LLC’s holdings in Facebook were worth $19,143,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FB. Arcadia Investment Management Corp MI raised its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the last quarter. D. Scott Neal Inc. raised its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the last quarter. Cohen Capital Management Inc. acquired a new stake in Facebook during the first quarter worth approximately $121,000. Farmers & Merchants Investments Inc. raised its stake in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the last quarter. Finally, Cable Hill Partners LLC raised its stake 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 last quarter. Institutional investors and hedge funds own 57.30% of the company’s stock.
Shares of Facebook, Inc. (NASDAQ:FB) traded up 0.50% during trading on Tuesday, reaching $168.08. The company had a trading volume of 5,877,532 shares. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The firm has a market capitalization of $488.14 billion, a PE ratio of 37.62 and a beta of 0.70. The firm has a 50-day moving average of $166.02 and a 200 day moving average of $150.10.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. Analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current year.
A number of analysts have commented on the company. UBS AG set a $168.00 target price on Facebook and gave the stock a “buy” rating in a report on Thursday, May 4th. Robert W. Baird reissued an “outperform” rating and issued a $163.00 target price on shares of Facebook in a report on Thursday, May 4th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $154.73 target price for the company in a report on Wednesday, May 17th. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Mizuho reissued a “buy” rating on shares of Facebook in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $183.74.
In related news, VP David B. Fischer sold 16,298 shares of Facebook stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $168.88, for a total value of $2,752,406.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Sheryl Sandberg sold 163,500 shares of Facebook stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $153.74, for a total transaction of $25,136,490.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,150,319 shares of company stock worth $1,972,169,672. Insiders own 19.08% 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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