Howland Capital Management LLC lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 320.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,243 shares of the social networking company’s stock after buying an additional 19,243 shares during the quarter. Howland Capital Management LLC’s holdings in Facebook were worth $6,611,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Watson Rebecca bought a new position in Facebook during the second quarter worth $25,000. Rocky Mountain Advisers LLC bought a new position in Facebook during the third quarter worth $26,000. JJJ Advisors Inc. boosted its stake in Facebook by 262.5% during the second 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. Carolina Wealth Advisors LLC boosted its stake in Facebook by 58.2% during the third quarter. Carolina Wealth Advisors LLC now owns 144 shares of the social networking company’s stock worth $38,000 after acquiring an additional 53 shares in the last quarter. Finally, Demars Financial Group LLC bought a new position in Facebook during the second quarter worth $39,000. Institutional investors own 65.31% of the company’s stock.
Several research analysts recently issued reports on FB shares. KeyCorp increased their target price on shares of Facebook from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday. JMP Securities raised their price objective on shares of Facebook from $250.00 to $305.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Raymond James raised their price objective on shares of Facebook from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research note on Friday, July 31st. They noted that the move was a valuation call. Rosenblatt Securities raised their price objective on shares of Facebook from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, HSBC raised their price objective on shares of Facebook from $190.00 to $195.00 and gave the company a “reduce” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus target price of $284.28.
In related news, VP Jennifer Newstead sold 426 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $295.54, for a total transaction of $125,900.04. Following the completion of the transaction, the vice president now owns 4,286 shares of the company’s stock, valued at $1,266,684.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Michael Todd Schroepfer sold 112 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $262.09, for a total transaction of $29,354.08. Following the transaction, the chief technology officer now directly owns 498,238 shares of the company’s stock, valued at approximately $130,583,197.42. The disclosure for this sale can be found here. Insiders sold 34,487 shares of company stock valued at $9,557,944 in the last quarter. Corporate insiders own 14.14% of the company’s stock.
FB opened at $280.83 on Friday. The company has a market capitalization of $800.03 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.71 and a beta of 1.29. The firm has a 50-day moving average price of $264.88 and a 200-day moving average price of $241.45. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $304.67.
Facebook (NASDAQ:FB) last posted its earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.80. The firm had revenue of $21.47 billion during the quarter, compared to the consensus estimate of $19.78 billion. Facebook had a net margin of 31.29% and a return on equity of 22.90%. The company’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $2.12 earnings per share. On average, research analysts expect that Facebook, Inc. will post 8.12 earnings per share for the current year.
Facebook Company Profile
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).
Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.