Facebook Shares Acquired by Vision Capital Management

Vision Capital Management Inc. lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 26.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

The firm owned 1,662 shares of the social networking company’s stock after acquiring an additional 344 shares during the quarter. Vision Capital Management Inc.’s holdings in Facebook were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Watson Rebecca purchased a new position in shares of Facebook during the 2nd quarter valued at approximately $25,000. Rocky Mountain Advisers LLC purchased a new stake in Facebook during the third quarter worth $26,000. JJJ Advisors Inc. grew its position in Facebook by 262.5% during the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after buying an additional 105 shares during the period. Carolina Wealth Advisors LLC increased its holdings in Facebook by 58.2% in the third quarter. Carolina Wealth Advisors LLC now owns 144 shares of the social networking company’s stock valued at $38,000 after buying an additional 53 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new position in Facebook in the second quarter valued at $39,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

A number of equities research analysts have recently commented on FB shares. Monness Crespi & Hardt raised their target price on Facebook from $230.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Barclays raised their price objective on Facebook from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Friday, July 31st. MKM Partners boosted their price objective on Facebook from $240.00 to $290.00 in a research report on Wednesday, July 15th. BMO Capital Markets upped their target price on Facebook from $220.00 to $225.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Finally, William Blair reissued an “outperform” rating on shares of Facebook in a research note on Friday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $283.50.

In related news, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $296,154.87. Following the sale, the chief accounting officer now owns 4,182 shares in the company, valued at approximately $1,093,132.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer Newstead sold 194 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $234.76, for a total value of $45,543.44. Following the transaction, the vice president now directly owns 1,918 shares in the company, valued at approximately $450,269.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,255 shares of company stock valued at $9,484,634. 14.14% of the stock is currently owned by insiders.

FB stock opened at $284.79 on Friday. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $304.67. The stock has a market cap of $811.31 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 1.71 and a beta of 1.29. The business has a fifty day moving average of $265.10 and a two-hundred day moving average of $238.00.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a return on equity of 22.90% and a net margin of 31.29%. As a group, analysts predict that Facebook, Inc. will post 8.12 EPS for the current fiscal year.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

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