Economy

Lee Financial Co Grows Holdings in Facebook, Inc. (FB)

BlackRock Inc. now owns 138,877,313 shares of the social networking company's stock worth $20,967,696,000 after acquiring an additional 4,032,727 shares during the period. The Atika Capital Management Llc holds 20,000 shares with $3.02 million value, down from 67,000 last quarter.

Intersect Capital LLC decreased its stake in shares of Facebook Inc.

Facebook (FB) traded up 0.27% on Wednesday, reaching $175.03. The stock had a trading volume of 32,358,797 shares.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th.

Analysts expect Norfolk Southern Corp. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.13 by $0.19. FB's profit will be $3.72 billion for 34.18 P/E if the $1.28 EPS becomes a reality. The stock decreased 0.28% or $0.14 on October 20, reaching $49.8. About shares traded. Norfolk Southern Corp. (TYG) has risen 14.57% since October 20, 2016 and is uptrending. It has outperformed by 17.62% the S&P500. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the stock. Therefore 92% are positive. BidaskClub raised Facebook from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 13th. The stock of Facebook Inc (NASDAQ:FB) earned "Buy" rating by RBC Capital Markets on Wednesday, June 7. The firm earned "Buy" rating on Friday, May 26 by Cantor Fitzgerald. On Thursday, November 5 the stock rating was maintained by Rosenblatt with "Buy". The company was maintained on Friday, November 6 by Argus Research. Jefferies maintained Facebook Inc (NASDAQ:FB) rating on Thursday, January 28. Goldman Sachs maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with "Buy" rating. The stock has an average rating of "Buy" and an average target price of $185.38.

Since April 28, 2017, it had 0 insider buys, and 25 sales for $796.22 million activity. It is positive, as 64 investors sold TJX shares while 367 reduced holdings.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. Cox Christopher K sold $2.37M worth of stock. Sandberg Sheryl also sold $24.51 million worth of Facebook Inc (NASDAQ:FB) on Thursday, May 11. Teewinot Advisers Lc stated it has 3.7% of its portfolio in Facebook Inc (NASDAQ:FB).

Investors sentiment increased to 1.4 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. 159 funds opened positions while 684 raised stakes. Independence owns 2,119 shares. The Louisiana-based Summit Fincl Wealth Advsr Ltd has invested 0.14% in Facebook Inc (NASDAQ:FB). Deutsche Bankshares Ag has 0.64% invested in Facebook Inc (NASDAQ:FB) for 5.94 million shares. 969,384 are held by Commerzbank Aktiengesellschaft Fi. Lesa Sroufe invested in 2,731 shares or 0.38% of the stock. Moreover, Seatown Holdg Pte Limited has 4.52% invested in Facebook Inc (NASDAQ:FB). Tradewinds Capital Limited Liability Corporation holds 0.02% or 400 shares. First City Mngmt Inc has invested 0.18% in Facebook Inc (NASDAQ:FB). Brinker stated it has 0.42% of its portfolio in Facebook Inc (NASDAQ:FB). Following the sale, the vice president now owns 83,906 shares in the company, valued at approximately $13,868,822.74. Principal Gp Inc has invested 0.65% in Facebook Inc (NASDAQ:FB). 550.70 million shares or 0.52% less from 553.56 million shares in 2017Q1 were reported. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company's stock worth $18,076,000 after purchasing an additional 15,910 shares in the last quarter. It also increased its holding in Twitter Inc (NYSE:TWTR) by 1.08 million shares in the quarter, for a total of 1.12M shares, and has risen its stake in Priceline Grp Inc (NASDAQ:PCLN). It also reduced its holding in Apple Computer (NASDAQ:AAPL) by 5,183 shares in the quarter, leaving it with 73,640 shares, and cut its stake in Prudential Plc (NYSE:PUK).

Since May 17, 2017, it had 0 buys, and 2 insider sales for $392,321 activity. About 12.60 million shares traded.

In related news, CEO Mark Zuckerberg sold 254,525 shares of the business's stock in a transaction on Monday, August 28th. 594,246 shares were sold by Koum Jan, worth $88.97 million. Rock Point Advisors Llc who had been investing in Tjx Companies for a number of months, seems to be bullish on the $45.87B market cap company. The firm has a market capitalization of $507.32 billion, a PE ratio of 39.097 and a beta of 0.70. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

Investors sentiment increased to 1.02 in Q2 2017. It improved, as 43 investors sold Norfolk Southern Corp. shares while 347 reduced holdings. 199.13 million shares or 0.41% less from 199.95 million shares in 2017Q1 were reported. Franklin Res Incorporated holds 0.4% or 5.27 million shares in its portfolio. Cubist Systematic Strategies Limited Liability, Connecticut-based fund reported 2,152 shares. Lord Abbett & Ltd Liability Corporation has invested 0.02% in TJX Companies Inc (NYSE:TJX). Aureus Asset Limited Liability owns 147,582 shares for 1.79% of their portfolio. Asset Inc has 2,479 shares. Pacific Heights Asset Management Ltd Liability invested 11.74% in Facebook Inc (NASDAQ:FB). Towercrest Mngmt invested in 0.62% or 5,275 shares. Lynch And Assoc In reported 1,562 shares stake.

Among 27 analysts covering Norfolk Southern Corp. Jefferies has "Buy" rating and $145 target. The company was maintained on Thursday, April 28 by Oppenheimer. The rating was maintained by Credit Suisse on Friday, October 9 with "Outperform". (NYSE:NSC) has "Hold" rating given on Monday, July 24 by Stifel Nicolaus. Robert W. Baird reissued a "buy" rating and set a $185.00 price objective on shares of Facebook in a report on Friday, September 1st.

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