Facebook, Inc. (NASDAQ:FB) Stock Position Increased by Reilly Financial Advisors LLC

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Reilly Financial Advisors LLC boosted its position in Facebook, Inc. (NASDAQ:FB) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,829 shares of the social networking company’s stock after purchasing an additional 5,719 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Facebook were worth $11,189,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FB. Nuveen Asset Management LLC increased its stake in Facebook by 5,336.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock valued at $4,341,794,000 after buying an additional 22,082,561 shares during the period. Invesco Ltd. increased its stake in Facebook by 36.5% during the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after buying an additional 9,368,684 shares during the period. Viking Global Investors LP increased its stake in Facebook by 231.7% during the 2nd quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock valued at $1,363,295,000 after buying an additional 4,934,406 shares during the period. BlackRock Inc. increased its stake in Facebook by 2.8% during the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after buying an additional 4,114,043 shares during the period. Finally, Vanguard Group Inc. increased its stake in Facebook by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after buying an additional 3,465,756 shares during the period. Hedge funds and other institutional investors own 63.22% of the company’s stock.

Shares of FB stock traded up $5.84 during trading on Tuesday, hitting $189.12. 12,586,008 shares of the company were exchanged, compared to its average volume of 13,222,428. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The firm has a market capitalization of $540.98 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.07 and a beta of 1.02. The business’s 50-day simple moving average is $183.58 and its 200 day simple moving average is $185.45. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. The business had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period last year, the company posted $1.74 earnings per share. On average, equities analysts forecast that Facebook, Inc. will post 7.99 earnings per share for the current fiscal year.

FB has been the topic of several research analyst reports. Goldman Sachs Group set a $228.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America set a $224.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine cut shares of Facebook from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Robert W. Baird raised their target price on shares of Facebook from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Raymond James raised their target price on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-two have given a buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average price target of $221.62.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $200.81, for a total value of $11,044,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Susan J.S. Taylor sold 1,134 shares of Facebook stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the completion of the sale, the chief accounting officer now owns 1,037 shares of the company’s stock, valued at $192,311.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,604,556 shares of company stock valued at $664,101,293. 14.53% of the stock is currently owned by corporate insiders.

Facebook Company Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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