Copper Rock Capital Partners LLC boosted its position in Facebook Inc. (NASDAQ:FB) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,478 shares of the social networking company’s stock after buying an additional 564 shares during the period. Copper Rock Capital Partners LLC’s holdings in Facebook were worth $702,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of FB. Capital World Investors raised its position in Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock worth $3,786,244,000 after buying an additional 9,686,624 shares during the last quarter. Third Point LLC acquired a new stake in Facebook during the second quarter worth approximately $428,550,000. Vanguard Group Inc. boosted its stake in Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock worth $15,940,195,000 after buying an additional 3,400,653 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Facebook during the second quarter worth approximately $369,509,000. Finally, State Street Corp boosted its stake in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock worth $9,792,722,000 after buying an additional 1,950,433 shares during the period. Institutional investors own 56.61% of the company’s stock.
Shares of Facebook Inc. (NASDAQ:FB) opened at 128.99 on Friday. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $131.98. The company has a 50 day moving average of $127.57 and a 200-day moving average of $119.71. The company has a market capitalization of $370.42 billion, a P/E ratio of 61.66 and a beta of 0.77.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The company earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue was up 59.2% on a year-over-year basis. On average, equities analysts anticipate that Facebook Inc. will post $3.94 EPS for the current fiscal year.
Several research analysts have recently weighed in on FB shares. Cowen and Company restated a “buy” rating and set a $145.00 target price on shares of Facebook in a report on Sunday, July 17th. MKM Partners restated a “buy” rating on shares of Facebook in a report on Sunday, July 24th. Deutsche Bank AG restated a “buy” rating on shares of Facebook in a report on Sunday, July 10th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $127.69 target price on the stock in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. set a $170.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, forty-four have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $149.99.
In other Facebook news, Director Susan Desmond-Hellmann sold 625 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $124.01, for a total transaction of $77,506.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jas Athwal sold 4,923 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $124.07, for a total transaction of $610,796.61. Following the sale, the chief accounting officer now directly owns 125,394 shares in the company, valued at approximately $15,557,633.58. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by insiders.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc. (NASDAQ:FB).
Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.