Strategic Global Advisors LLC Has $1.75 Million Stake in Facebook Inc (NASDAQ:FB)
Strategic Global Advisors LLC trimmed its position in Facebook Inc (NASDAQ:FB) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,223 shares of the social networking company’s stock after selling 1,165 shares during the quarter. Strategic Global Advisors LLC’s holdings in Facebook were worth $1,747,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of FB. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook in the 3rd quarter valued at about $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook in the 2nd quarter valued at about $138,000. Stelac Advisory Services LLC acquired a new position in Facebook in the 3rd quarter valued at about $152,000. Odey Holdings AG grew its stake in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in Facebook in the 2nd quarter valued at about $165,000. 58.48% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on FB shares. Vetr lowered shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $199.43 price target on the stock. in a research note on Thursday, December 14th. JPMorgan Chase & Co. set a $230.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, January 8th. Cowen restated a “buy” rating and set a $220.00 target price on shares of Facebook in a research report on Thursday, January 4th. Canaccord Genuity restated a “buy” rating and set a $230.00 target price on shares of Facebook in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have assigned a buy rating and two have given a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and an average price target of $214.70.
Facebook Inc (NASDAQ FB) opened at $183.86 on Friday. The company has a market cap of $534,110.00, a P/E ratio of 29.85, a P/E/G ratio of 0.94 and a beta of 0.64. Facebook Inc has a 52 week low of $137.60 and a 52 week high of $195.32.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current year.
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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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