J&P China Capital Management CO. Ltd. Buys 36,000 Shares of Facebook Inc (FB)

J&P China Capital Management CO. Ltd. lifted its holdings in Facebook Inc (NASDAQ:FB) by 37.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,000 shares of the social networking company’s stock after purchasing an additional 36,000 shares during the period. Facebook comprises 3.8% of J&P China Capital Management CO. Ltd.’s holdings, making the stock its 7th biggest holding. J&P China Capital Management CO. Ltd.’s holdings in Facebook were worth $22,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. D. Scott Neal Inc. lifted its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Facebook in the second quarter valued at approximately $138,000. Vigilant Capital Management LLC lifted its stake in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the last quarter. Odey Holdings AG lifted its stake in Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after acquiring an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in Facebook in the second quarter valued at approximately $165,000. 57.75% of the stock is currently owned by institutional investors.

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the transaction, the vice president now directly owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Thiel sold 160,805 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the completion of the transaction, the director now directly owns 6,311 shares in the company, valued at $1,129,037.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,182,199 shares of company stock worth $752,724,430. Company insiders own 17.23% of the company’s stock.

A number of brokerages have recently weighed in on FB. Cowen restated an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 target price on shares of Facebook in a research report on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $200.00 target price on shares of Facebook in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $203.72.

Facebook Inc (NASDAQ FB) traded down $8.40 during trading hours on Monday, hitting $179.37. The stock had a trading volume of 77,414,971 shares, compared to its average volume of 21,170,154. The company has a market capitalization of $521,210.00, a PE ratio of 33.34, a P/E/G ratio of 1.02 and a beta of 0.68. Facebook Inc has a 52 week low of $126.78 and a 52 week high of $188.90.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. sell-side analysts forecast that Facebook Inc will post 5.86 earnings per share for the current year.

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Facebook Company Profile

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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