Vishria Bird Financial Group LLC Buys 1,542 Shares of Facebook, Inc. (NASDAQ:FB)

Vishria Bird Financial Group LLC grew its stake in Facebook, Inc. (NASDAQ:FB) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,761 shares of the social networking company’s stock after purchasing an additional 1,542 shares during the quarter. Facebook comprises approximately 5.7% of Vishria Bird Financial Group LLC’s holdings, making the stock its 7th largest holding. Vishria Bird Financial Group LLC’s holdings in Facebook were worth $5,744,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FB. Oregon Public Employees Retirement Fund raised its stake in Facebook by 13,908.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after buying an additional 70,263,213 shares during the period. Sanders Capital LLC raised its stake in Facebook by 132.5% during the 4th quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after buying an additional 2,031,500 shares during the period. Assenagon Asset Management S.A. raised its stake in Facebook by 410.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock worth $267,809,000 after buying an additional 1,642,441 shares during the period. Flossbach Von Storch AG raised its stake in Facebook by 49.5% during the 4th quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after buying an additional 1,370,767 shares during the period. Finally, Discovery Value Fund acquired a new stake in Facebook during the 4th quarter worth $179,169,000. 61.84% of the stock is currently owned by institutional investors.

Shares of NASDAQ FB traded down $2.61 during mid-day trading on Friday, hitting $190.12. The company had a trading volume of 6,406,538 shares, compared to its average volume of 15,660,245. The company has a market cap of $562.45 billion, a P/E ratio of 25.11, a PEG ratio of 1.14 and a beta of 0.97. The company has a 50-day moving average price of $195.12. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter last year, the company posted $1.74 earnings per share. Facebook’s quarterly revenue was up 27.6% on a year-over-year basis. On average, sell-side analysts forecast that Facebook, Inc. will post 8.07 earnings per share for the current year.

Several brokerages recently commented on FB. Morgan Stanley raised their price objective on Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. UBS Group reaffirmed a “buy” rating and set a $240.00 price objective on shares of Facebook in a research note on Thursday, July 25th. Nomura raised their price objective on Facebook from $226.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Deutsche Bank raised their price objective on Facebook from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Credit Suisse Group raised their price objective on Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One 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 stock. The company presently has an average rating of “Buy” and an average target price of $220.92.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $200.81, for a total transaction of $11,044,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total transaction of $142,042.50. Following the sale, the vice president now owns 98,622 shares of the company’s stock, valued at $18,678,020.58. The disclosure for this sale can be found here. Insiders have sold 355,292 shares of company stock valued at $66,502,801 in the last quarter. 14.53% of the stock is currently owned by corporate insiders.

Facebook Profile

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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