Facebook, Inc. (NASDAQ:FB) Position Lifted by AMS Capital Ltda
AMS Capital Ltda boosted its stake in Facebook, Inc. (NASDAQ:FB) by 40.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,700 shares of the social networking company’s stock after buying an additional 15,700 shares during the quarter. Facebook makes up approximately 5.6% of AMS Capital Ltda’s portfolio, making the stock its 4th largest holding. AMS Capital Ltda’s holdings in Facebook were worth $9,124,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. TFO TDC LLC purchased a new position in Facebook in the 4th quarter worth approximately $25,000. Permanens Capital L.P. acquired a new position in Facebook during the fourth quarter worth about $28,000. University of Texas Texas AM Investment Managment Co. acquired a new position in Facebook during the fourth quarter worth about $41,000. Lighthouse Financial Advisors Inc. acquired a new position in Facebook during the fourth quarter worth about $41,000. Finally, Sowa Financial Group Inc. acquired a new position in Facebook during the fourth quarter worth about $42,000. 65.13% of the stock is currently owned by hedge funds and other institutional investors.
In other Facebook news, VP Jennifer Newstead sold 970 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $207.75, for a total transaction of $201,517.50. Following the transaction, the vice president now directly owns 600 shares in the company, valued at approximately $124,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,449 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $201.80, for a total transaction of $292,408.20. Following the transaction, the chief accounting officer now owns 2,113 shares in the company, valued at $426,403.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,199 shares of company stock valued at $13,967,456. Company insiders own 14.14% of the company’s stock.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. Facebook’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. On average, research analysts predict that Facebook, Inc. will post 7.25 earnings per share for the current year.
Several brokerages have issued reports on FB. Loop Capital upped their price target on shares of Facebook from $215.00 to $265.00 in a report on Friday, May 15th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of Facebook in a research note on Thursday, April 16th. Argus upped their price objective on shares of Facebook from $220.00 to $240.00 in a research note on Monday, May 4th. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Edward Jones raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and a consensus target price of $240.98.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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