Skylands Capital LLC reduced its stake in Facebook, Inc. (NASDAQ:FB) by 19.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,700 shares of the social networking company’s stock after selling 5,400 shares during the period. Skylands Capital LLC’s holdings in Facebook were worth $4,927,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in FB. Copper Rock Capital Partners LLC grew its holdings in shares of Facebook by 6,224.9% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 3,959,790 shares of the social networking company’s stock worth $821,695,000 after purchasing an additional 3,897,184 shares during the last quarter. Zweig DiMenna Associates LLC lifted its holdings in Facebook by 153.5% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 103,536 shares of the social networking company’s stock valued at $23,510,000 after purchasing an additional 62,692 shares during the last quarter. Mendel Money Management acquired a new position in Facebook in the second quarter valued at about $1,681,000. Sciencast Management LP grew its stake in Facebook by 55.3% during the second quarter. Sciencast Management LP now owns 11,233 shares of the social networking company’s stock worth $2,676,000 after buying an additional 4,001 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Facebook by 127.1% during the second quarter. Pacer Advisors Inc. now owns 347,887 shares of the social networking company’s stock worth $78,995,000 after buying an additional 194,732 shares in the last quarter. Institutional investors own 65.12% of the company’s stock.
A number of equities research analysts recently commented on the company. BidaskClub lowered Facebook from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. Nomura Instinet raised their target price on Facebook from $253.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wedbush reiterated an “outperform” rating and set a $300.00 price target (up previously from $250.00) on shares of Facebook in a research report on Monday, July 27th. SunTrust Banks restated a “buy” rating and issued a $285.00 price objective (up previously from $245.00) on shares of Facebook in a research report on Friday. Finally, Monness Crespi & Hardt upped their target price on shares of Facebook from $230.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $273.37.
In related news, CAO Susan J.S. Taylor sold 1,195 shares of Facebook 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 owns 3,147 shares of the company’s stock, valued at $703,008.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO David B. Fischer sold 22,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $205.29, for a total value of $4,516,380.00. Following the sale, the executive now owns 57,503 shares in the company, valued at approximately $11,804,790.87. The disclosure for this sale can be found here. Insiders sold 68,591 shares of company stock worth $14,894,825 over the last quarter. 14.14% of the stock is owned by corporate insiders.
Shares of Facebook stock opened at $253.67 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The firm has a market cap of $668.11 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. The stock’s 50-day moving average is $235.27 and its 200-day moving average is $207.59. Facebook, Inc. has a one year low of $137.10 and a one year high of $255.85.
Facebook (NASDAQ:FB) last announced its earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $18.69 billion for the quarter, compared to analyst estimates of $17.29 billion. On average, equities analysts expect that Facebook, Inc. will post 7.36 EPS for the current year.
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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