Evergreen Capital Management LLC Has $6.57 Million Position in Facebook Inc (FB)
Evergreen Capital Management LLC increased its stake in shares of Facebook Inc (NASDAQ:FB) by 2,464.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 38,467 shares of the social networking company’s stock after acquiring an additional 36,967 shares during the period. Evergreen Capital Management LLC’s holdings in Facebook were worth $6,573,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook during the third quarter worth approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook during the second quarter worth approximately $138,000. Stelac Advisory Services LLC acquired a new position in Facebook during the third quarter worth approximately $152,000. Odey Holdings AG increased its position in Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after buying an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in Facebook during the second quarter worth approximately $165,000. Institutional investors and hedge funds own 57.67% of the company’s stock.
In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total transaction of $2,874,080.00. Following the completion of the sale, the insider now directly owns 56,622 shares in the company, valued at $10,171,009.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $179.29, for a total value of $134,467.50. Following the sale, the vice president now owns 86,296 shares of the company’s stock, valued at $15,472,009.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,270,505 shares of company stock valued at $229,088,067. 17.23% of the stock is currently owned by corporate insiders.
Shares of Facebook Inc (NASDAQ FB) opened at $173.15 on Wednesday. The stock has a market capitalization of $512,471.06, a P/E ratio of 28.68, a P/E/G ratio of 0.92 and a beta of 0.59. Facebook Inc has a 12 month low of $132.55 and a 12 month high of $195.32.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities analysts expect that Facebook Inc will post 7.22 EPS for the current fiscal year.
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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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