Baldwin Brothers Inc. MA Purchases 100 Shares of Facebook, Inc. (FB)
Baldwin Brothers Inc. MA boosted its position in Facebook, Inc. (NASDAQ:FB) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,895 shares of the social networking company’s stock after purchasing an additional 100 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Facebook were worth $3,910,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Arcadia Investment Management Corp MI increased its holdings in shares of Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after purchasing an additional 120 shares during the period. Cohen Capital Management Inc. bought a new stake in shares of Facebook during the first quarter valued at about $121,000. Pacific Center for Financial Services lifted its holdings in Facebook by 10.7% in the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares during the period. Watermark Asset Management Inc. acquired a new stake in Facebook in the first quarter worth about $141,000. Finally, State of Alaska Department of Revenue acquired a new stake in Facebook in the first quarter worth about $180,000. 57.26% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on FB. Barclays PLC reaffirmed an “overweight” rating and set a $168.00 price target (up from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $159.91 price target on the stock in a research report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and issued a $192.00 price objective (up previously from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research note on Tuesday, July 11th. Finally, Morgan Stanley set a $195.00 price objective on Facebook and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $185.06.
In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $149.00, for a total value of $111,750.00. Following the sale, the vice president now owns 86,156 shares in the company, valued at approximately $12,837,244. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $149.93, for a total value of $2,398,880.00. Following the completion of the sale, the insider now owns 184,965 shares in the company, valued at approximately $27,731,802.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,667,406 shares of company stock valued at $2,078,665,122. Corporate insiders own 19.08% of the company’s stock.
Facebook, Inc. (FB) traded down 0.6747% during midday trading on Monday, reaching $169.7172. The company had a trading volume of 8,396,444 shares. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The stock has a 50-day moving average price of $170.12 and a 200 day moving average price of $154.55. The company has a market capitalization of $492.89 billion, a PE ratio of 37.9851 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 the 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 business 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 company earned $0.97 EPS. The firm’s revenue was up 44.8% compared to the same quarter last year. Equities analysts forecast that Facebook, Inc. will post $5.33 EPS for the current year.
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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