The Baker Ellis Asset Management LLC reached $390,000 position of Facebook Inc. (FB)

The Baker Ellis Asset Management LLC reached $390,000 position  of Facebook Inc. (FB)

Baker Ellis Asset Management LLC held its position in Facebook Inc. (NASDAQ:FB) during the second quarter, Holdings Channel reports. The institutional investor owned 3,410 shares of the social networking company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in Facebook were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FB. State Street Corp boosted its position in shares of Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock valued at $9,792,722,000 after buying an additional 1,950,433 shares during the last quarter. Bank of Montreal Can bought a new stake in Facebook during the second quarter worth about $206,083,000. Prudential Financial Inc. raised its stake in Facebook by 44.3% in the first quarter. Prudential Financial Inc. now owns 5,346,954 shares of the social networking company’s stock worth $610,087,000 after buying an additional 1,642,535 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Facebook by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 58,452,390 shares of the social networking company’s stock worth $6,669,418,000 after buying an additional 1,308,609 shares during the period. Finally, Credit Agricole S A raised its stake in Facebook by 89.8% in the first quarter. Credit Agricole S A now owns 2,413,768 shares of the social networking company’s stock worth $275,411,000 after buying an additional 1,141,775 shares during the period. Institutional investors own 56.63% of the company’s stock.

Facebook Inc. (NASDAQ:FB) traded down 0.27% during midday trading on Monday, reaching $127.54. The company’s stock had a trading volume of 11,351,681 shares. The firm has a 50 day moving average of $128.34 and a 200 day moving average of $120.39. Facebook Inc. has a 52-week low of $89.37 and a 52-week high of $131.98. The firm has a market cap of $366.25 billion, a P/E ratio of 60.97 and a beta of 0.77.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.15. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The company earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the company earned $0.50 earnings per share. The firm’s revenue was up 59.2% compared to the same quarter last year. Analysts anticipate that Facebook Inc. will post $3.94 earnings per share for the current fiscal year.

FB has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 price target on shares of Facebook in a research report on Tuesday, June 21st. Bank of America Corp. reissued a “buy” rating and issued a $153.07 price target (up from $123.94) on shares of Facebook in a research report on Monday, August 1st. Goldman Sachs Group Inc. increased their price target on shares of Facebook from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. William Blair reissued an “outperform” rating on shares of Facebook in a research report on Thursday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $145.00 price target on shares of Facebook in a research report on Sunday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $150.30.

In other Facebook news, CAO Jas Athwal sold 4,923 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $124.07, for a total value of $610,796.61. Following the completion of the sale, the chief accounting officer now owns 125,394 shares of the company’s stock, valued at $15,557,633.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Desmond-Hellmann sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $124.01, for a total value of $77,506.25. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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