Facebook, Inc. (FB) Shares Bought by BT Investment Management Ltd
BT Investment Management Ltd lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 829,998 shares of the social networking company’s stock after purchasing an additional 20,735 shares during the quarter. Facebook comprises 1.9% of BT Investment Management Ltd’s holdings, making the stock its 11th biggest position. BT Investment Management Ltd’s holdings in Facebook were worth $146,461,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Country Trust Bank boosted its position in Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares during the last quarter. Armbruster Capital Management Inc. boosted its position in Facebook by 358.4% during the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after acquiring an additional 448 shares during the last quarter. Price Wealth Management Inc. bought a new stake in shares of Facebook during the 4th quarter worth approximately $105,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Facebook during the 3rd quarter worth approximately $111,000. Finally, Goodman Financial Corp bought a new stake in shares of Facebook during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 58.55% of the company’s stock.
In other Facebook news, Director Jan Koum sold 1,253,906 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total value of $221,326,948.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 220,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.62, for a total value of $38,636,400.00. The disclosure for this sale can be found here. Insiders sold 8,351,229 shares of company stock worth $1,448,257,907 over the last ninety days. 17.23% of the stock is currently owned by insiders.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 28.42% and a net margin of 40.03%. research analysts anticipate that Facebook, Inc. will post 7.11 earnings per share for the current year.
FB has been the topic of a number of analyst reports. Argus upped their price objective on Facebook to $214.00 in a research note on Wednesday, April 11th. JPMorgan Chase set a $230.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Monday, January 8th. Cowen reiterated a “buy” rating and set a $220.00 price objective on shares of Facebook in a research note on Thursday, January 4th. Vetr cut Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 price objective on the stock. in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $230.00 price objective on shares of Facebook in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus target price of $212.71.
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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