Facebook, Inc. (FB) Holdings Maintained by Pegasus Partners Ltd.
Pegasus Partners Ltd. continued to hold its stake in shares of Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,975 shares of the social networking company’s stock at the close of the 2nd quarter. Pegasus Partners Ltd.’s holdings in Facebook were worth $600,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of FB. Harbour Capital Advisors LLC increased its holdings in shares of Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after purchasing an additional 2,523,918 shares during the last quarter. State Street Corp increased its holdings in shares of Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the last quarter. HPM Partners LLC bought a new stake in shares of Facebook in the first quarter worth about $195,602,000. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of Facebook by 131.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after purchasing an additional 1,120,000 shares during the last quarter. Finally, Karp Capital Management Corp increased its stake in Facebook by 6,222.5% during the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock worth $127,334,000 after acquiring an additional 882,228 shares during the last quarter. 57.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Facebook, Inc. (NASDAQ:FB) opened at $180.25 on Wednesday. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $182.90. The firm has a market cap of $523,249.00, a P/E ratio of 34.72, a P/E/G ratio of 1.20 and a beta of 0.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter last year, the company posted $1.09 EPS. The firm’s revenue was up 47.3% compared to the same quarter last year. research analysts expect that Facebook, Inc. will post 5.77 earnings per share for the current year.
FB has been the topic of several analyst reports. Cowen and Company reissued an “average” rating and set a $200.00 price objective (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Deutsche Bank AG boosted their price objective on Facebook from $185.00 to $189.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a $180.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of Facebook in a research note on Wednesday, July 19th. Finally, Aegis boosted their price objective on Facebook from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus target price of $197.95.
In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the sale, the vice president now directly owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David B. Fischer sold 50,533 shares of Facebook stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $169.95, for a total transaction of $8,588,083.35. The disclosure for this sale can be found here. Insiders sold a total of 8,252,044 shares of company stock valued at $1,431,936,509 in the last three months. 19.08% of the stock is currently 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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