Silicon Valley Capital Partners boosted its holdings in shares of Facebook Inc (NASDAQ:FB) by 72.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,993 shares of the social networking company’s stock after acquiring an additional 6,705 shares during the period. Facebook accounts for 1.9% of Silicon Valley Capital Partners’ portfolio, making the stock its 8th largest position. Silicon Valley Capital Partners’ holdings in Facebook were worth $2,733,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FB. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $111,000. Stelac Advisory Services LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $152,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook in the 2nd quarter valued at $138,000. Odey Holdings AG grew its holdings in shares of Facebook by 5.4% in the 2nd 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 period. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Facebook in the 2nd quarter valued at $165,000. 57.32% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total transaction of $128,700.00. Following the completion of the transaction, the vice president now owns 84,246 shares in the company, valued at approximately $14,456,613.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,985,472 shares of company stock worth $529,610,856. 17.23% of the stock is owned by insiders.
Shares of Facebook Inc (NASDAQ:FB) opened at $184.93 on Tuesday. The stock has a market cap of $537,220.00, a PE ratio of 34.31, a PEG ratio of 0.95 and a beta of 0.58. Facebook Inc has a fifty-two week low of $134.75 and a fifty-two week high of $195.32.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts predict that Facebook Inc will post 7.28 EPS for the current year.
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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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