Facebook, Inc. (NASDAQ:FB) Shares Bought by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 153.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,536 shares of the social networking company’s stock after buying an additional 62,692 shares during the quarter. Facebook comprises 2.5% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 7th largest holding. Zweig DiMenna Associates LLC’s holdings in Facebook were worth $23,510,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Macquarie Group Ltd. increased its position in shares of Facebook by 13.4% during the fourth quarter. Macquarie Group Ltd. now owns 736,299 shares of the social networking company’s stock valued at $151,125,000 after purchasing an additional 87,024 shares during the period. IMS Capital Management increased its position in shares of Facebook by 7.4% during the first quarter. IMS Capital Management now owns 3,102 shares of the social networking company’s stock valued at $517,000 after purchasing an additional 215 shares during the period. Fulton Bank N.A. increased its position in shares of Facebook by 0.3% during the first quarter. Fulton Bank N.A. now owns 63,945 shares of the social networking company’s stock valued at $10,666,000 after purchasing an additional 221 shares during the period. Blackhawk Capital Partners LLC. increased its position in shares of Facebook by 5.2% during the first quarter. Blackhawk Capital Partners LLC. now owns 12,136 shares of the social networking company’s stock valued at $2,491,000 after purchasing an additional 603 shares during the period. Finally, Nexus Investment Management Inc. increased its position in shares of Facebook by 0.9% during the first quarter. Nexus Investment Management Inc. now owns 108,880 shares of the social networking company’s stock valued at $18,161,000 after purchasing an additional 940 shares during the period. Institutional investors own 65.12% of the company’s stock.

A number of analysts have recently issued reports on FB shares. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a research report on Friday, June 12th. Loop Capital upped their price target on Facebook from $215.00 to $265.00 in a research report on Friday, May 15th. BMO Capital Markets upped their price target on Facebook from $220.00 to $225.00 and gave the company a “market perform” rating in a research report on Friday. Morgan Stanley upped their price target on Facebook from $270.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Deutsche Bank upped their price target on Facebook from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $273.37.

NASDAQ:FB opened at $253.67 on Friday. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $255.85. The business’s 50-day moving average price is $235.27 and its two-hundred day moving average price is $207.59. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $668.11 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.68 and a beta of 1.19.

Facebook (NASDAQ:FB) last released its earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.36. Facebook had a return on equity of 23.49% and a net margin of 31.29%. The firm had revenue of $18.69 billion for the quarter, compared to analyst estimates of $17.29 billion. Sell-side analysts predict that Facebook, Inc. will post 7.36 earnings per share for the current year.

In other news, VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $246.22, for a total transaction of $47,766.68. Following the sale, the vice president now owns 2,112 shares of the company’s stock, valued at $520,016.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Susan J.S. Taylor sold 1,195 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total value of $266,951.05. Following the sale, the chief accounting officer now directly owns 3,147 shares in the company, valued at approximately $703,008.33. The disclosure for this sale can be found here. Insiders sold 68,591 shares of company stock worth $14,894,825 in the last three months. Insiders own 14.14% of the company’s stock.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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