CSat Investment Advisory L.P. Acquires 19,292 Shares of Facebook, Inc. (NASDAQ:FB)

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CSat Investment Advisory L.P. lifted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 386.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,285 shares of the social networking company’s stock after acquiring an additional 19,292 shares during the quarter. Facebook comprises approximately 1.7% of CSat Investment Advisory L.P.’s holdings, making the stock its 6th biggest holding. CSat Investment Advisory L.P.’s holdings in Facebook were worth $4,687,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Biegel & Waller LLC raised its stake in shares of Facebook by 2.2% in the 2nd quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock valued at $451,000 after purchasing an additional 50 shares in the last quarter. Hyman Charles D grew its position in shares of Facebook by 0.9% during the 2nd quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock valued at $1,131,000 after buying an additional 50 shares during the last quarter. MBM Wealth Consultants LLC grew its position in shares of Facebook by 2.5% during the 2nd quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock valued at $409,000 after buying an additional 51 shares during the last quarter. Perkins Coie Trust Co grew its position in shares of Facebook by 3.5% during the 2nd quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after buying an additional 52 shares during the last quarter. Finally, Regal Wealth Group Inc. grew its position in shares of Facebook by 4.1% during the 2nd quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock valued at $274,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

In other news, CRO David B. Fischer sold 5,501 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $196.84, for a total transaction of $1,082,816.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $189.76, for a total transaction of $10,436,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,620,872 shares of company stock worth $486,967,799. 14.53% of the stock is currently owned by company insiders.

Facebook stock traded down $0.21 during trading hours on Friday, hitting $189.93. The company had a trading volume of 15,928,817 shares, compared to its average volume of 11,241,652. The firm has a market capitalization of $536.75 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The firm’s fifty day moving average is $185.62 and its 200-day moving average is $183.81. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The firm had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. Analysts anticipate that Facebook, Inc. will post 8.03 earnings per share for the current year.

Several research analysts have commented on FB shares. Monness Crespi & Hardt upped their target price on shares of Facebook from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. MKM Partners restated 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, August 2nd. Royal Bank of Canada restated a “buy” rating and issued a $260.00 target price on shares of Facebook in a research report on Thursday, July 25th. Loop Capital upped their target price on shares of Facebook from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Susquehanna Bancshares upped their target price on shares of Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $220.92.

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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