Stelac Advisory Services LLC Raises Holdings in Facebook, Inc. (NASDAQ:FB)

Stelac Advisory Services LLC grew its position in Facebook, Inc. (NASDAQ:FB) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,396 shares of the social networking company’s stock after buying an additional 142 shares during the quarter. Stelac Advisory Services LLC’s holdings in Facebook were worth $544,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Watson Rebecca bought a new position in shares of Facebook in the 2nd quarter worth $25,000. JJJ Advisors Inc. raised its position in shares of Facebook by 262.5% in the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after acquiring an additional 105 shares in the last quarter. HHM Wealth Advisors LLC bought a new position in shares of Facebook in the 1st quarter worth $41,000. Elmwood Wealth Management Inc. acquired a new position in Facebook during the 1st quarter valued at about $46,000. Finally, NuWave Investment Management LLC increased its position in Facebook by 1,019.2% during the 1st quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock valued at $49,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 65.12% of the company’s stock.

Shares of Facebook stock opened at $253.67 on Friday. The business has a 50 day simple moving average of $235.27 and a two-hundred day simple moving average of $207.59. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $255.85. The stock has a market capitalization of $668.11 billion, a P/E ratio of 30.97, a PEG ratio of 1.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60.

Facebook (NASDAQ:FB) last announced its earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.29 billion. As a group, research analysts anticipate that Facebook, Inc. will post 7.36 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. Raymond James upped their target price on Facebook from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Friday. They noted that the move was a valuation call. TheStreet raised Facebook from a “c+” rating to a “b” rating in a research report on Thursday, April 30th. Bank of America upped their target price on Facebook from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday. SunTrust Banks reaffirmed a “buy” rating and set a $285.00 target price (up from $245.00) on shares of Facebook in a research report on Friday. Finally, Jefferies Financial Group upped their target price on Facebook from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $273.37.

In other Facebook news, CFO David M. Wehner sold 8,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $209.90, for a total transaction of $1,679,200.00. Following the completion of the sale, the chief financial officer now owns 24,484 shares of the company’s stock, valued at $5,139,191.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,195 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $703,008.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,591 shares of company stock valued at $14,894,825. Insiders own 14.14% of the company’s stock.

Facebook Company Profile

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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