Donald L. Hagan LLC Takes Position in Facebook, Inc. (NASDAQ:FB)

Donald L. Hagan LLC bought a new position in shares of Facebook, Inc. (NASDAQ:FB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,099 shares of the social networking company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Perkins Coie Trust Co raised its position in shares of Facebook by 3.5% during the second quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after buying an additional 52 shares during the last quarter. Insight 2811 Inc. raised its position in shares of Facebook by 2.3% during the second quarter. Insight 2811 Inc. now owns 2,547 shares of the social networking company’s stock valued at $502,000 after buying an additional 58 shares during the last quarter. Sun Life Financial INC raised its position in shares of Facebook by 0.9% during the fourth quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock valued at $876,000 after buying an additional 60 shares during the last quarter. Valmark Advisers Inc. raised its position in shares of Facebook by 3.5% during the fourth quarter. Valmark Advisers Inc. now owns 1,904 shares of the social networking company’s stock valued at $250,000 after buying an additional 65 shares during the last quarter. Finally, Boltwood Capital Management raised its position in shares of Facebook by 1.0% during the second quarter. Boltwood Capital Management now owns 6,758 shares of the social networking company’s stock valued at $1,304,000 after buying an additional 65 shares during the last quarter. Institutional investors own 62.44% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Facebook in a research report on Monday, July 22nd. Susquehanna Bancshares lifted their price objective on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Mizuho lifted their price objective on shares of Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Goldman Sachs Group set a $228.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Raymond James lifted their price objective on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $220.92.

In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $175.82, for a total transaction of $9,670,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO David B. Fischer sold 11,572 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $180.28, for a total transaction of $2,086,200.16. The disclosure for this sale can be found here. Insiders have sold 1,337,995 shares of company stock valued at $248,254,692 over the last ninety days. 14.53% of the stock is owned by insiders.

NASDAQ FB opened at $177.75 on Friday. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $193.38 and a two-hundred day moving average of $180.93. The firm has a market capitalization of $523.66 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 1.07 and a beta of 0.99. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. Facebook’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 earnings per share. Equities research analysts anticipate that Facebook, Inc. will post 8.03 EPS for the current year.

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Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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