Facebook Inc (FB) Shares Bought by Gamco Investors INC. ET AL

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Gamco Investors INC. ET AL raised its position in Facebook Inc (NASDAQ:FB) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 38,700 shares of the social networking company’s stock after buying an additional 776 shares during the period. Gamco Investors INC. ET AL’s holdings in Facebook were worth $4,452,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AR Asset Management Inc. increased its stake in shares of Facebook by 126.7% in the second quarter. AR Asset Management Inc. now owns 10,200 shares of the social networking company’s stock worth $1,166,000 after buying an additional 5,700 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Facebook during the second quarter worth about $22,467,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Facebook during the second quarter worth about $10,668,000. Williams Jones & Associates LLC increased its stake in shares of Facebook by 3.3% in the second quarter. Williams Jones & Associates LLC now owns 635,392 shares of the social networking company’s stock worth $72,613,000 after buying an additional 20,128 shares during the period. Finally, Carnick & Kubik Group LLC purchased a new stake in shares of Facebook during the second quarter worth about $1,902,000. Hedge funds and other institutional investors own 57.00% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc (NASDAQ:FB) opened at 139.84 on Friday. The firm has a market capitalization of $404.13 billion, a PE ratio of 40.03 and a beta of 0.68. Facebook Inc has a one year low of $106.31 and a one year high of $140.34. The stock has a 50 day moving average of $135.30 and a 200-day moving average of $127.29.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, February 1st. The social networking company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. The business earned $8.81 billion during the quarter, compared to the consensus estimate of $8.47 billion. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The firm’s revenue was up 50.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. On average, equities analysts predict that Facebook Inc will post $5.42 EPS for the current year.

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A number of brokerages recently issued reports on FB. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $140.41 price target on the stock in a report on Thursday, February 16th. Evercore ISI reissued a “buy” rating and set a $155.00 price target (down from $165.00) on shares of Facebook in a report on Friday, December 16th. Credit Suisse Group AG increased their price target on shares of Facebook from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. Piper Jaffray Companies set a $150.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, January 5th. Finally, Goldman Sachs Group Inc reissued a “buy” rating and set a $162.00 price target on shares of Facebook in a report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, forty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $154.31.

In other Facebook news, Director Jan Koum sold 2,123,302 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $140.02, for a total value of $297,304,746.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 380,636 shares of the stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $137.92, for a total value of $52,497,317.12. The disclosure for this sale can be found here. Insiders sold 4,644,613 shares of company stock valued at $620,647,231 in the last quarter. 19.08% of the stock is currently owned by corporate insiders.

About Facebook

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.

5 Day Chart for NASDAQ:FB

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Source: einnews.com