Westfield Capital Management Co. LP increased its holdings in shares of Facebook Inc (NASDAQ:FB) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,628,311 shares of the social networking company’s stock after acquiring an additional 123,745 shares during the quarter. Facebook makes up approximately 2.1% of Westfield Capital Management Co. LP’s holdings, making the stock its 2nd biggest holding. Westfield Capital Management Co. LP owned 0.06% of Facebook worth $278,230,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FB. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter worth about $111,000. Mountain Capital Investment Advisors Inc bought a new position in Facebook in the 2nd quarter worth about $138,000. Stelac Advisory Services LLC bought a new position in Facebook in the 3rd quarter worth about $152,000. Odey Holdings AG grew its position in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in Facebook in the 2nd quarter worth about $165,000. Hedge funds and other institutional investors own 57.32% of the company’s stock.
In other news, Director Jan Koum sold 1,253,906 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 245,400 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.16, for a total transaction of $43,720,464.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,762,530 shares of company stock worth $490,711,179 in the last 90 days. 17.23% of the stock is owned by insiders.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share 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 net margin of 39.16% and a return on equity of 26.49%. equities analysts forecast that Facebook Inc will post 7.28 earnings per share for the current year.
Several research analysts have commented on FB shares. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 target price for the company in a research report on Thursday, January 25th. Aegis upped their target price on shares of Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. UBS Group set a $208.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $230.00 target price on shares of Facebook in a research report on Thursday, February 1st. Finally, BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus 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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