Facebook, Inc. (FB) Shares Bought by First Financial Corp IN
First Financial Corp IN grew its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,541 shares of the social networking company’s stock after purchasing an additional 105 shares during the period. First Financial Corp IN’s holdings in Facebook were worth $383,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI raised its holdings in Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares in the last quarter. Cohen Capital Management Inc. acquired a new stake in Facebook in the first quarter worth approximately $121,000. Pacific Center for Financial Services lifted its position 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 approximately $141,000. Finally, State of Alaska Department of Revenue acquired a new stake in Facebook in the first quarter worth approximately $180,000. 57.26% of the stock is currently owned by institutional investors.
Shares of Facebook, Inc. (NASDAQ FB) traded down 0.67% during mid-day trading on Monday, hitting $169.73. 8,396,651 shares of the company’s stock traded hands. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a 50-day moving average of $170.12 and a 200 day moving average of $154.54. The company has a market cap of $492.93 billion, a PE ratio of 37.99 and a beta of 0.70.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. Facebook’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Equities research analysts predict that Facebook, Inc. will post $5.33 EPS for the current year.
FB has been the topic of several research analyst reports. Cowen and Company reiterated an “average” rating and set a $200.00 price target (up from $195.00) on shares of Facebook in a research report on Wednesday, September 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. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective for the company in a report on Tuesday, June 6th. Cantor Fitzgerald set a $180.00 price objective on Facebook and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Canaccord Genuity restated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $185.06.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $149.93, for a total transaction of $2,398,880.00. Following the completion of the sale, the insider now owns 184,965 shares of the company’s stock, valued at approximately $27,731,802.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $149.00, for a total transaction of $111,750.00. Following the transaction, the vice president now owns 86,156 shares of the company’s stock, valued at approximately $12,837,244. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,667,406 shares of company stock valued at $2,078,665,122. 19.08% of the stock is owned by corporate 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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