OLD Dominion Capital Management Inc. Has $1.85 Million Stake in Facebook, Inc. (NASDAQ:FB)

OLD Dominion Capital Management Inc. increased its position in Facebook, Inc. (NASDAQ:FB) by 1.8% in the first quarter, HoldingsChannel reports. The firm owned 11,091 shares of the social networking company’s stock after acquiring an additional 200 shares during the period. OLD Dominion Capital Management Inc.’s holdings in Facebook were worth $1,850,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FB. Norges Bank acquired a new position in Facebook in the 4th quarter worth approximately $5,429,501,000. FMR LLC boosted its stake in Facebook by 3.3% in the 4th quarter. FMR LLC now owns 123,422,389 shares of the social networking company’s stock worth $25,332,445,000 after purchasing an additional 3,993,741 shares during the period. Fisher Asset Management LLC lifted its position in Facebook by 1,141.8% in the 1st quarter. Fisher Asset Management LLC now owns 3,852,395 shares of the social networking company’s stock worth $642,580,000 after buying an additional 3,542,165 shares in the last quarter. Janus Henderson Group PLC lifted its position in Facebook by 28.4% in the 4th quarter. Janus Henderson Group PLC now owns 12,076,233 shares of the social networking company’s stock worth $2,478,206,000 after buying an additional 2,673,200 shares in the last quarter. Finally, Capital World Investors lifted its position in Facebook by 5.4% in the 4th quarter. Capital World Investors now owns 46,700,441 shares of the social networking company’s stock worth $9,585,263,000 after buying an additional 2,405,542 shares in the last quarter. 65.11% of the stock is owned by hedge funds and other institutional investors.

In related news, CRO David B. Fischer sold 22,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $205.29, for a total value of $4,516,380.00. Following the transaction, the executive now directly owns 57,503 shares of the company’s stock, valued at approximately $11,804,790.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer Newstead sold 970 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $207.75, for a total transaction of $201,517.50. Following the completion of the transaction, the vice president now directly owns 600 shares in the company, valued at $124,650. The disclosure for this sale can be found here. Insiders sold a total of 55,585 shares of company stock worth $11,885,393 over the last three months. 14.14% of the stock is owned by insiders.

FB has been the subject of a number of research analyst reports. Jefferies Financial Group set a $250.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, May 21st. JMP Securities raised their price target on shares of Facebook from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Rosenblatt Securities raised their price target on shares of Facebook from $223.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Bank of America raised their price target on shares of Facebook from $200.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Mizuho raised their price target on shares of Facebook from $220.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $242.80.

NASDAQ FB traded down $3.40 during mid-day trading on Thursday, hitting $225.74. The company’s stock had a trading volume of 2,332,277 shares, compared to its average volume of 25,718,918. The company’s 50 day simple moving average is $198.18 and its 200 day simple moving average is $197.01. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $240.90. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $642.59 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 1.68 and a beta of 1.16.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.25 billion. During the same period in the previous year, the business posted $1.89 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts forecast that Facebook, Inc. will post 7.27 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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