Freestone Capital Holdings LLC Invests $317,000 in Facebook Inc (NASDAQ:FB) Stock

Freestone Capital Holdings LLC acquired a new stake in Facebook Inc (NASDAQ:FB) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,097 shares of the social networking company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also made changes to their positions in FB. Regal Wealth Group Inc. lifted its stake in shares of Facebook by 3.7% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,192 shares of the social networking company’s stock valued at $180,000 after purchasing an additional 42 shares during the period. Carderock Capital Management Inc. lifted its stake in shares of Facebook by 1.5% in the 2nd quarter. Carderock Capital Management Inc. now owns 18,483 shares of the social networking company’s stock valued at $2,790,000 after purchasing an additional 273 shares during the period. Dillon & Associates Inc. lifted its stake in shares of Facebook by 13.7% in the 2nd quarter. Dillon & Associates Inc. now owns 25,099 shares of the social networking company’s stock valued at $3,790,000 after purchasing an additional 3,030 shares during the period. LSV Asset Management increased its position in shares of Facebook by 13.6% in the 2nd quarter. LSV Asset Management now owns 27,600 shares of the social networking company’s stock valued at $4,167,000 after buying an additional 3,300 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC bought a new stake in shares of Facebook in the 2nd quarter valued at $278,000. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Facebook Inc (NASDAQ FB) traded down $1.46 during mid-day trading on Friday, reaching $176.46. 10,218,210 shares of the company traded hands, compared to its average volume of 15,341,502. The firm has a market capitalization of $517,001.38, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.13 and a beta of 0.69. Facebook Inc has a 1-year low of $114.77 and a 1-year high of $184.25.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. equities research analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.

FB has been the subject of several analyst reports. Robert W. Baird restated a “buy” rating and issued a $185.00 price objective on shares of Facebook in a report on Friday, September 1st. Pivotal Research restated a “sell” rating and issued a $140.00 price objective on shares of Facebook in a report on Wednesday, September 6th. Mizuho reiterated a “buy” rating and issued a $230.00 target price on shares of Facebook in a research note on Wednesday, September 20th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price for the company in a research note on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus target price of $200.81.

In other news, CEO Mark Zuckerberg sold 249,527 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $170.32, for a total transaction of $42,499,438.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,818,989 shares of company stock worth $861,383,818. 17.23% of the stock is owned by company insiders.

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Facebook 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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