Winfield Associates Inc. decreased its position in shares of Facebook Inc. (NASDAQ:FB) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 12,612 shares of the social networking company’s stock after selling 250 shares during the period. Facebook accounts for about 1.0% of Winfield Associates Inc.’s portfolio, making the stock its 29th largest position. Winfield Associates Inc.’s holdings in Facebook were worth $1,618,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FB. Virginia Retirement Systems ET AL boosted its position in Facebook by 5.5% in the third quarter. Virginia Retirement Systems ET AL now owns 757,000 shares of the social networking company’s stock worth $97,100,000 after buying an additional 39,300 shares during the last quarter. Peregrine Capital Management LLC bought a new position in Facebook during the third quarter worth approximately $36,153,000. Mathes Company Inc. boosted its position in Facebook by 1.2% in the third quarter. Mathes Company Inc. now owns 12,820 shares of the social networking company’s stock worth $1,644,000 after buying an additional 150 shares during the last quarter. Kissinger Financial Services LLC bought a new position in Facebook during the third quarter worth approximately $276,000. Finally, Nikko Asset Management Americas Inc. boosted its position in Facebook by 12.9% in the third quarter. Nikko Asset Management Americas Inc. now owns 23,700 shares of the social networking company’s stock worth $3,040,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 56.19% of the company’s stock.
Facebook Inc. (NASDAQ:FB) traded up 0.02% during trading on Monday, hitting $120.41. The stock had a trading volume of 18,101,314 shares. The firm’s 50 day moving average is $125.02 and its 200 day moving average is $122.59. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50. The firm has a market cap of $347.04 billion, a price-to-earnings ratio of 46.42 and a beta of 0.76.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The company’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. On average, analysts anticipate that Facebook Inc. will post $4.09 earnings per share for the current year.
A number of research analysts have recently commented on FB shares. Bank of America Corp. restated a “buy” rating and issued a $153.07 price target (up from $123.94) on shares of Facebook in a report on Monday, August 1st. MKM Partners upped their price target on shares of Facebook from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $127.69 price target on the stock in a report on Wednesday, August 3rd. Jefferies Group set a $170.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, Piper Jaffray Cos. reiterated a “buy” rating on shares of Facebook in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and a consensus price target of $150.70.
In related news, COO Sheryl Sandberg sold 327,000 shares of Facebook stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $129.52, for a total value of $42,353,040.00. Following the transaction, the chief operating officer now directly owns 4,590,248 shares in the company, valued at approximately $594,528,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 15,600 shares of Facebook stock in a transaction on Monday, November 14th. The stock was sold at an average price of $115.83, for a total value of $1,806,948.00. Following the completion of the transaction, the insider now owns 379,068 shares in the company, valued at $43,907,446.44. The disclosure for this sale can be found here. 19.08% of the stock is owned by corporate insiders.
Facebook Company Profile
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.