Millennium TVP Management Co. LLC Acquires Shares of 210,171 Facebook Inc (FB)

Millennium TVP Management Co. LLC purchased a new position in Facebook Inc (NASDAQ:FB) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 210,171 shares of the social networking company’s stock, valued at approximately $35,912,000. Facebook accounts for 34.5% of Millennium TVP Management Co. LLC’s holdings, making the stock its largest holding. Millennium TVP Management Co. LLC owned approximately 72.37% of Facebook as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. D. Scott Neal Inc. grew its holdings in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook during the second quarter valued at about $138,000. Vigilant Capital Management LLC grew its holdings in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the last quarter. Odey Holdings AG grew its holdings in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Facebook during the second quarter valued at about $165,000. Institutional investors and hedge funds own 57.75% of the company’s stock.

Shares of Facebook Inc (FB) opened at $177.60 on Thursday. The company has a market cap of $516,070.00, a PE ratio of 33.01, a price-to-earnings-growth ratio of 1.01 and a beta of 0.68. Facebook Inc has a 12-month low of $126.78 and a 12-month high of $188.90.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other news, VP David B. Fischer sold 4,699 shares of Facebook stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the transaction, the vice president now directly owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,181,449 shares of company stock worth $752,592,962. Insiders own 17.23% of the company’s stock.

A number of brokerages have recently issued reports on FB. JPMorgan Chase & Co. set a $230.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Monday, January 8th. Pivotal Research reiterated a “sell” rating and set a $147.00 price objective on shares of Facebook in a report on Monday, January 8th. Credit Suisse Group lifted their price objective on shares of Facebook from $230.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Wells Fargo & Co reiterated an “outperform” rating and set a $230.00 price objective (up from $215.00) on shares of Facebook in a report on Monday, January 8th. Finally, BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $203.72.

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Facebook Company Profile

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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