Stable Stock: Facebook Inc (NASDAQ:FB)

Ivan Schwartz
July 23, 2017

Selway Asset Management cut its stake in shares of Facebook, Inc.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, May 3rd. Perhaps, that suggests something about why 55.10% of the outstanding share supply is held by institutional investors. Selway Asset Management's holdings in Facebook were worth $2,046,000 at the end of the most recent reporting period.

Hedge funds and other institutional investors own 57.63% of the company's stock. First Financial Corp IN increased its stake in Facebook by 0.5% in the first quarter. Gilbert & Cook Inc. now owns 2,990 shares of the social networking company's stock worth $451,000 after buying an additional 1,540 shares in the last quarter.

Smith Chas P & Associates PA Cpas boosted its stake in shares of Facebook, Inc. Insight Capital Research & Management Inc. now owns 29,982 shares of the social networking company's stock worth $4,527,000 after buying an additional 15,598 shares in the last quarter. The firm owned 521,864 shares of the social networking company's stock after buying an additional 3,000 shares during the period. Bartlett & Co. LLC raised its stake in shares of Facebook by 1.7% in the first quarter. Finally, Harvest Fund Management Co. Regentatlantic Capital LLC now owns 7,842 shares of the social networking company's stock worth $1,114,000 after buying an additional 38 shares in the last quarter. Facebook traded as high as $161.41 and last traded at $161.67, with a volume of 12,063,787 shares.

Just yesterday Facebook (NDAQ:FB) traded 0.00% even at $164.72. For the quarter, shares have been noted at 14.44%. The stock has a market cap of $475.71 billion, a P/E ratio of 41.73 and a beta of 0.67. Shares of the company are trading at $162.86 which is a tad above the 50 day moving average of $153.09 and a tad above the 200 day moving average of $142.36.

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Facebook, Inc. (NASDAQ:FB) was the recipient of some unusual options trading on Wednesday. The social networking company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.16. Return on Equity (ROE) stands at 20.8% and Return on Investment (ROI) of 17.1 percent. The business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.83 billion. The business's revenue was up 49.2% compared to the same quarter previous year. Equities research analysts expect that Facebook, Inc. will post $4.87 earnings per share for the current fiscal year. If you are viewing this report on another domain, it was stolen and republished in violation of United States & worldwide copyright and trademark laws.

North American Management Corp decreased its stake in Facebook, Inc.

Several analysts recently weighed in on FB shares. BMO Capital Markets reaffirmed a "hold" rating and issued a $150.00 price objective on shares of Facebook in a report on Sunday.

Many analysts are providing their Estimated Earnings analysis for Facebook, Inc. and for the current quarter 35 analysts have projected that the stock could give an Average Earnings estimate of $1.12/share. Deutsche Bank AG increased their price target on Facebook from $185.00 to $189.00 and gave the company a "buy" rating in a research note on Friday. Finally, Robert W. Baird reissued an "outperform" rating and issued a $163.00 price target on shares of Facebook in a research note on Tuesday. Also, VP Colin Stretch sold 750 shares of the business's stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $160.38, for a total transaction of $5,078,111.94. Following the completion of the sale, the insider now owns 196,871 shares of the company's stock, valued at approximately $32,341,967.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan Desmond-Hellmann sold 209 shares of the firm's stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $144.67, for a total value of $30,236.03. Following the transaction, the vice president now directly owns 80,580 shares in the company, valued at $11,763,068.40. Over the last three months, insiders sold 13,376,724 shares of company stock worth $2,085,322,718. The company was maintained on Wednesday, July 19 by Needham.

Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. The Company's services and products include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

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