Stevens Capital Management LP Grows Stock Position in Facebook, Inc. (NASDAQ:FB)

Stevens Capital Management LP lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 79.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,999 shares of the social networking company’s stock after buying an additional 12,826 shares during the quarter. Facebook comprises about 3.0% of Stevens Capital Management LP’s holdings, making the stock its 10th largest position. Stevens Capital Management LP’s holdings in Facebook were worth $10,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FB. Baldrige Asset Management LLC bought a new position in shares of Facebook during the 2nd quarter worth approximately $31,000. Baron Financial Group LLC boosted its holdings in shares of Facebook by 71.4% during the 1st quarter. Baron Financial Group LLC now owns 120 shares of the social networking company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Paragon Wealth Strategies LLC bought a new position in shares of Facebook during the 2nd quarter worth approximately $46,000. Horan Securities Inc. boosted its holdings in shares of Facebook by 309.1% during the 2nd quarter. Horan Securities Inc. now owns 135 shares of the social networking company’s stock worth $47,000 after buying an additional 102 shares in the last quarter. Finally, Financial Insights Inc. bought a new position in shares of Facebook during the 2nd quarter worth approximately $47,000. 65.72% of the stock is currently owned by institutional investors and hedge funds.

FB stock traded down $3.83 during mid-day trading on Monday, reaching $349.13. 206,393 shares of the company traded hands, compared to its average volume of 17,495,762. The company has a market capitalization of $984.35 billion, a P/E ratio of 25.94, a P/E/G ratio of 1.11 and a beta of 1.29. Facebook, Inc. has a 52-week low of $244.61 and a 52-week high of $384.33. The company has a fifty day moving average price of $364.13 and a 200-day moving average price of $334.48.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 28th. The social networking company reported $3.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.03 by $0.58. The firm had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.93 billion. Facebook had a return on equity of 30.09% and a net margin of 37.17%. Analysts expect that Facebook, Inc. will post 14.1 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on FB shares. Truist increased their target price on Facebook from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, July 29th. Canaccord Genuity increased their target price on Facebook from $380.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 29th. Rosenblatt Securities cut Facebook from a “buy” rating to a “neutral” rating and set a $400.00 target price on the stock. in a report on Wednesday, September 1st. Mizuho increased their target price on Facebook from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, July 26th. Finally, The Goldman Sachs Group started coverage on Facebook in a report on Monday, September 13th. They issued a “buy” rating and a $455.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $404.35.

In related news, CAO Susan J.S. Taylor sold 1,378 shares of the business’s stock in a transaction that occurred on Wednesday, August 18th. The stock was sold at an average price of $356.10, for a total value of $490,705.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Wehner sold 1,545 shares of the business’s stock in a transaction that occurred on Sunday, August 15th. The stock was sold at an average price of $363.18, for a total value of $561,113.10. Following the completion of the sale, the chief financial officer now owns 27,321 shares of the company’s stock, valued at approximately $9,922,440.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,500,540 shares of company stock valued at $903,372,931. Corporate insiders own 14.01% of the company’s stock.

Facebook Company Profile

Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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