Hollencrest Securities LLC Buys 1,006 Shares of Facebook, Inc. (FB)

Hollencrest Securities LLC raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,254 shares of the social networking company’s stock after buying an additional 1,006 shares during the period. Hollencrest Securities LLC’s holdings in Facebook were worth $1,315,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. CAPROCK Group Inc. raised its stake in Facebook by 6.9% in the first quarter. CAPROCK Group Inc. now owns 17,152 shares of the social networking company’s stock valued at $2,436,000 after buying an additional 1,114 shares in the last quarter. Loeb Partners Corp raised its stake in Facebook by 49.6% in the first quarter. Loeb Partners Corp now owns 15,075 shares of the social networking company’s stock valued at $2,141,000 after buying an additional 5,000 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Facebook by 26.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 553,421 shares of the social networking company’s stock valued at $78,617,000 after buying an additional 114,103 shares in the last quarter. Factory Mutual Insurance Co. raised its stake in Facebook by 7.1% in the first quarter. Factory Mutual Insurance Co. now owns 980,000 shares of the social networking company’s stock valued at $139,209,000 after buying an additional 65,000 shares in the last quarter. Finally, V Wealth Management LLC raised its stake in Facebook by 111.2% in the first quarter. V Wealth Management LLC now owns 6,478 shares of the social networking company’s stock valued at $920,000 after buying an additional 3,411 shares in the last quarter. Hedge funds and other institutional investors own 57.66% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook, Inc. (FB) opened at 152.87 on Tuesday. Facebook, Inc. has a 52-week low of $108.23 and a 52-week high of $155.59. The firm’s 50-day moving average is $150.77 and its 200 day moving average is $137.08. The stock has a market capitalization of $443.04 billion, a price-to-earnings ratio of 38.87 and a beta of 0.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.83 billion. Facebook had a net margin of 36.45% and a return on equity of 20.27%. Facebook’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Equities analysts expect that Facebook, Inc. will post $4.85 EPS for the current year.

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A number of brokerages have recently weighed in on FB. Canaccord Genuity reiterated a “buy” rating and set a $175.00 target price on shares of Facebook in a research note on Friday. Deutsche Bank AG reiterated a “buy” rating and set a $185.00 target price on shares of Facebook in a research note on Monday, June 12th. Moffett Nathanson reiterated a “buy” rating on shares of Facebook in a research note on Friday, June 9th. Vetr lowered Facebook from a “buy” rating to a “hold” rating and set a $159.91 target price on the stock. in a research note on Monday, June 12th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $165.00 target price on shares of Facebook in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and three have given a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $164.40.

In other Facebook news, CEO Mark Zuckerberg sold 368,809 shares of Facebook stock in a transaction on Friday, March 31st. The shares were sold at an average price of $142.35, for a total value of $52,499,961.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $153.74, for a total transaction of $115,305.00. Following the completion of the transaction, the vice president now directly owns 89,156 shares of the company’s stock, valued at $13,706,843.44. The disclosure for this sale can be found here. Insiders sold a total of 6,569,744 shares of company stock valued at $973,945,236 over the last three months. Corporate insiders own 19.08% of the company’s stock.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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