Facebook Inc (FB) Shares Bought by Bartlett & Co. LLC
Bartlett & Co. LLC grew its holdings in Facebook Inc (NASDAQ:FB) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,206 shares of the social networking company’s stock after purchasing an additional 700 shares during the period. Bartlett & Co. LLC’s holdings in Facebook were worth $548,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after acquiring an additional 8,788,743 shares during the period. Vanguard Group Inc. grew its holdings in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after acquiring an additional 5,151,190 shares during the period. BlackRock Inc. grew its holdings in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after acquiring an additional 4,032,727 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after acquiring an additional 2,523,918 shares during the period. Finally, Magellan Asset Management Ltd grew its holdings in shares of Facebook by 28.4% in the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after acquiring an additional 2,361,166 shares during the period. 57.71% of the stock is owned by institutional investors and hedge funds.
Shares of Facebook Inc (NASDAQ:FB) opened at $177.20 on Monday. The company has a market capitalization of $514,910.00, a PE ratio of 32.94, a P/E/G ratio of 1.13 and a beta of 0.69. Facebook Inc has a 52-week low of $114.77 and a 52-week high of $184.25.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.
In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $179.76, for a total transaction of $134,820.00. Following the sale, the vice president now directly owns 82,546 shares of the company’s stock, valued at $14,838,468.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $178.10, for a total value of $2,849,600.00. Following the sale, the insider now directly owns 16,010 shares in the company, valued at $2,851,381. The disclosure for this sale can be found here. Insiders sold 4,818,989 shares of company stock worth $861,374,803 over the last quarter. 17.23% of the stock is owned by company insiders.
Several analysts recently commented on the company. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 price objective for the company in a report on Tuesday, December 19th. Wells Fargo & Co reissued a “buy” rating and set a $215.00 price target on shares of Facebook in a report on Tuesday, December 5th. Evercore ISI assumed coverage on Facebook in a report on Tuesday, December 5th. They set an “outperform” rating and a $225.00 price target for the company. MKM Partners boosted their price target on Facebook to $240.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target for the company in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average price target of $200.81.
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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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