Facebook Inc (FB) is Edgestream Partners L.P.’s 4th Largest Position
Edgestream Partners L.P. lifted its stake in shares of Facebook Inc (NASDAQ:FB) by 47.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,972 shares of the social networking company’s stock after acquiring an additional 17,105 shares during the period. Facebook accounts for approximately 4.8% of Edgestream Partners L.P.’s portfolio, making the stock its 4th biggest holding. Edgestream Partners L.P.’s holdings in Facebook were worth $9,051,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in shares of Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Vanguard Group Inc. raised its holdings in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. raised its holdings in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of Facebook by 15,047.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after purchasing an additional 2,523,918 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in shares of Facebook by 28.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after purchasing an additional 2,361,166 shares during the period. 57.81% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $180.27, for a total transaction of $2,884,320.00. Following the transaction, the insider now owns 49,816 shares in the company, valued at $8,980,330.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction on Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. Insiders have sold 1,559,250 shares of company stock worth $280,485,300 over the last ninety days. 17.23% of the stock is owned by insiders.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. sell-side analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current year.
Several brokerages recently commented on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a report on Wednesday, January 10th. Pivotal Research reiterated a “sell” rating and set a $147.00 target price on shares of Facebook in a report on Monday. Deutsche Bank set a $225.00 target price on Facebook and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $195.00 target price on shares of Facebook in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average price target of $202.94.
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Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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