TB Alternative Assets Ltd. Acquires 24,800 Shares of Facebook, Inc. (NASDAQ:FB)

TB Alternative Assets Ltd. boosted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 77.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,000 shares of the social networking company’s stock after acquiring an additional 24,800 shares during the period. Facebook makes up approximately 1.4% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 13th largest holding. TB Alternative Assets Ltd.’s holdings in Facebook were worth $11,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FB. Whitnell & Co. acquired a new stake in shares of Facebook in the fourth quarter valued at about $26,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Facebook in the fourth quarter valued at about $31,000. Cordasco Financial Network increased its position in shares of Facebook by 70.0% in the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 70 shares during the last quarter. Signet Investment Advisory Group Inc. acquired a new stake in shares of Facebook in the fourth quarter valued at about $39,000. Finally, Ruggie Capital Group increased its position in shares of Facebook by 53.8% in the fourth quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock valued at $58,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 61.84% of the company’s stock.

Shares of Facebook stock traded down $3.71 on Friday, hitting $189.02. The stock had a trading volume of 15,284,654 shares, compared to its average volume of 15,877,616. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The company has a 50 day moving average price of $195.36. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $554.43 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. On average, equities research analysts expect that Facebook, Inc. will post 7.96 EPS for the current year.

A number of analysts recently issued reports on the company. BidaskClub downgraded Facebook from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $260.00 target price on shares of Facebook in a research report on Thursday, July 25th. Pivotal Research reaffirmed a “buy” rating and issued a $225.00 target price (up previously from $220.00) on shares of Facebook in a research report on Thursday, July 25th. MKM Partners reaffirmed a “buy” rating and issued a $245.00 target price (up previously from $190.00) on shares of Facebook in a research report on Friday. Finally, Morgan Stanley boosted their price target on Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $220.92.

In related news, CRO David B. Fischer sold 11,572 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $180.28, for a total value of $2,086,200.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $189.39, for a total value of $142,042.50. Following the completion of 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. Over the last quarter, insiders sold 360,793 shares of company stock valued at $67,585,618. 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.

Further Reading: NASDAQ Stock Market Explained

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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