O Dell Group LLC Invests $227,000 in Facebook, Inc. (NASDAQ:FB)

O Dell Group LLC purchased a new position in Facebook, Inc. (NASDAQ:FB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,174 shares of the social networking company’s stock, valued at approximately $227,000.

Several other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Facebook by 19,805.8% during the second quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock valued at $226,408,000 after buying an additional 2,252,709 shares in the last quarter. Sanders Capital LLC boosted its stake in Facebook by 132.5% during the fourth quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock valued at $522,620,000 after buying an additional 2,031,500 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Facebook by 410.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock valued at $267,809,000 after buying an additional 1,642,441 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its stake in Facebook by 49.5% during the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock valued at $542,663,000 after buying an additional 1,370,767 shares in the last quarter. 61.88% of the stock is owned by institutional investors.

In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $200.81, for a total value of $11,044,550.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO David B. Fischer sold 5,501 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $196.84, for a total value of $1,082,816.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 360,793 shares of company stock valued at $67,585,618. Insiders own 14.53% of the company’s stock.

Several brokerages recently weighed in on FB. JPMorgan Chase & Co. raised their target price on Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. JMP Securities raised their target price on Facebook from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Oppenheimer raised their target price on Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Raymond James upped their target price on Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. They noted that the move was a valuation call. Finally, Nomura upped their target price on Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $220.92.

FB traded down $6.67 during midday trading on Monday, reaching $182.35. The company’s stock had a trading volume of 620,643 shares, compared to its average volume of 16,766,467. The stock has a market capitalization of $539.56 billion, a PE ratio of 24.12, a P/E/G ratio of 1.11 and a beta of 0.99. The firm has a fifty day simple moving average of $195.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66.

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

Facebook Company 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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