Trust Co raised its position in Facebook Inc (NASDAQ:FB) by 6.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,020 shares of the social networking company’s stock after buying an additional 864 shares during the period. Trust Co’s holdings in Facebook were worth $2,396,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in FB. Janus Henderson Group PLC boosted its position in shares of Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares during the last quarter. Truepoint Inc. boosted its position in shares of Facebook by 16,822.1% in the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after purchasing an additional 6,100,871 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its position in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. Finally, Harding Loevner LP boosted its position in shares of Facebook by 229.7% in the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after purchasing an additional 2,966,978 shares during the last quarter. Hedge funds and other institutional investors own 58.48% of the company’s stock.
In related news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total value of $9,748,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 456,800 shares of Facebook stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $183.57, for a total value of $83,854,776.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,467,131 shares of company stock worth $798,223,122. 17.23% of the stock is owned by company insiders.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities research analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current year.
Several research analysts have recently issued reports on the company. Credit Suisse Group restated an “outperform” rating and issued a $232.00 price target (up from $230.00) on shares of Facebook in a research report on Monday, January 8th. Stifel Nicolaus downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Barclays raised their price objective on Facebook from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and a consensus target price of $214.70.
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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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