Park National Corp OH Buys 482 Shares of Facebook, Inc. (FB)
Park National Corp OH increased its stake in Facebook, Inc. (NASDAQ:FB) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,071 shares of the social networking company’s stock after buying an additional 482 shares during the period. Park National Corp OH’s holdings in Facebook were worth $765,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Appaloosa LP boosted its position in shares of Facebook by 47.0% in the fourth quarter. Appaloosa LP now owns 2,182,350 shares of the social networking company’s stock worth $251,079,000 after buying an additional 697,742 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of Facebook during the fourth quarter worth $617,000. CMH Wealth Management LLC purchased a new position in shares of Facebook during the fourth quarter worth $2,821,000. Sowell Financial Services LLC purchased a new position in shares of Facebook during the fourth quarter worth $1,870,000. Finally, Infrastructure Capital Advisors LLC purchased a new position in shares of Facebook during the fourth quarter worth $656,000. 57.40% of the stock is owned by hedge funds and other institutional investors.
Facebook, Inc. (FB) traded up 0.98% on Tuesday, hitting $169.42. The stock had a trading volume of 5,915,790 shares. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $175.49. The company has a 50 day moving average of $164.34 and a 200 day moving average of $149.30. The company has a market capitalization of $492.03 billion, a PE ratio of 37.92 and a beta of 0.70.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. On average, equities analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current year.
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A number of brokerages have recently weighed in on FB. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target for the company in a research report on Monday. SunTrust Banks, Inc. began coverage on Facebook in a research report on Tuesday, August 15th. They set a “buy” rating and a $210.00 price objective for the company. Cowen and Company reiterated an “outperform” rating and set a $195.00 price objective on shares of Facebook in a research report on Thursday, August 10th. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Pivotal Research cut Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $183.74.
In other Facebook news, COO Sheryl Sandberg sold 163,500 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $149.55, for a total value of $24,451,425.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $151.80, for a total transaction of $113,850.00. Following the completion of the sale, the vice president now owns 89,906 shares of the company’s stock, valued at approximately $13,647,730.80. The disclosure for this sale can be found here. Insiders have sold a total of 12,685,648 shares of company stock worth $2,052,348,775 in the last three months. Insiders own 19.08% of the company’s stock.
Facebook Company Profile
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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