Trust Co. of Vermont increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,340 shares of the social networking company’s stock after buying an additional 3,460 shares during the period. Trust Co. of Vermont’s holdings in Facebook were worth $8,003,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Quest Investment Management Inc. OR boosted its position in shares of Facebook by 531.3% in the fourth quarter. Quest Investment Management Inc. OR now owns 150,128 shares of the social networking company’s stock worth $17,272,000 after buying an additional 126,348 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new position in shares of Facebook during the fourth quarter worth approximately $757,000. Intellectus Partners LLC acquired a new position in shares of Facebook during the fourth quarter worth approximately $13,295,000. Zions Bancorporation boosted its position in shares of Facebook by 1.9% in the fourth quarter. Zions Bancorporation now owns 2,282 shares of the social networking company’s stock worth $263,000 after buying an additional 43 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of Facebook by 8.2% in the fourth quarter. First Republic Investment Management Inc. now owns 1,120,916 shares of the social networking company’s stock worth $128,962,000 after buying an additional 84,884 shares during the last quarter. Hedge funds and other institutional investors own 57.40% of the company’s stock.
Shares of Facebook, Inc. (FB) traded up 0.30% during trading on Friday, hitting $167.41. 15,093,638 shares of the company traded hands. The company has a 50-day moving average of $163.85 and a 200-day moving average of $148.79. The stock has a market capitalization of $486.19 billion, a PE ratio of 37.47 and a beta of 0.70. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s revenue was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. Equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current year.
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A number of equities analysts recently commented on FB shares. William Blair reiterated an “outperform” rating on shares of Facebook in a research report on Saturday, April 22nd. Instinet reissued a “buy” rating and issued a $165.00 price target on shares of Facebook in a report on Saturday, April 22nd. Macquarie reissued an “outperform” rating and issued a $160.00 price target on shares of Facebook in a report on Saturday, April 22nd. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $180.00 price target on shares of Facebook in a report on Friday, April 21st. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Facebook in a report on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $183.47.
In other news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $148.03, for a total value of $2,368,480.00. Following the completion of the transaction, the insider now owns 221,328 shares in the company, valued at $32,763,183.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $148.54, for a total value of $111,405.00. Following the completion of the transaction, the vice president now owns 90,656 shares of the company’s stock, valued at approximately $13,466,042.24. The disclosure for this sale can be found here. Insiders sold 12,702,398 shares of company stock valued at $2,054,828,660 in the last quarter. 19.08% of the stock is currently owned by company insiders.
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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