Economy

Facebook, Inc. (FB) Releases Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Following the transaction, the insider now owns 180,871 shares of the company's stock, valued at $30,739,026.45. Inc. now owns 1,400 shares of the social networking company's stock worth $160,000 after buying an additional 600 shares during the period. The company has market cap of $32.32 billion. Southwest Airlines Co (LUV) has risen 37.63% since November 1, 2016 and is uptrending. It has outperformed by 10.05% the S&P500. The stock had a trading volume of 13,345,292 shares. Institutional investors and hedge funds own 57.27% of the company's stock. Wallington Asset Ltd Limited Liability Company invested in 2.32% or 55,328 shares. It closed at $590.15 lastly. It has underperformed by 3.98% the S&P500.

Since May 2, 2017, it had 0 insider purchases, and 22 insider sales for $312.24 million activity. Zuckerberg Mark sold 16,325 shares worth $2.50 million. Segment Wealth Management LLC now owns 7,333 shares of the social networking company's stock worth $1,042,000 after acquiring an additional 4,485 shares in the last quarter. 750 shares were sold by Stretch Colin, worth $113,850.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business's stock in a transaction that occurred on Monday, August 7th.

Monness Crespi & Hardt upgraded shares of Facebook, Inc. Its up 0.05, from 1.35 in 2017Q1. It is positive, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. J&P (China) Capital Coltd reported 95,000 shares. Trustmark Bankshares Trust Department reported 11,391 shares.

Facebook (FB) traded down 0.04% on Friday, hitting $179.79.

Facebook Inc (NASDAQ:FB) institutional sentiment increased to 1.4 in 2017 Q2. Lone Pine Cap Ltd Company invested in 4.73% or 6.17 million shares. Putnam Invests Ltd Limited Liability Company stated it has 1.08% in Facebook Inc (NASDAQ:FB). Blue Fincl holds 2.63% or 27,101 shares in its portfolio. Lomas Management Llc stated it has 134,831 shares. Alyeska Invest LP invested in 24,951 shares or 0.03% of the stock.

Guild Investment Management Inc, which manages about $163.97 million and $93.09 million US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 115,210 shares to 28,120 shares, valued at $6.80M in 2017Q2, according to the filing. About 14.50 million shares traded. Advisor Prns Limited Liability Company accumulated 1.38% or 39,014 shares. Wunderlich Managemnt holds 1.34% or 11,839 shares in its portfolio. Robert W. Baird upgraded shares of Facebook to a "buy" rating in a report on Monday, July 18th.

Ratings analysis reveals 92% of Facebook's analysts are positive. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The stock has "Buy" rating by Stifel Nicolaus on Thursday, November 5. Jefferies maintained the shares of FB in report on Wednesday, August 30 with "Buy" rating. Cantor Fitzgerald reaffirmed a "buy" rating and set a $190.00 target price on shares of Facebook in a report on Tuesday. The stock presently has an average rating of "Buy" and an average price target of $188.91. The stock of Facebook Inc (NASDAQ:FB) has "Buy" rating given on Thursday, July 30 by Canaccord Genuity. The stock of Facebook Inc (NASDAQ:FB) earned "Buy" rating by Suntrust Robinson on Thursday, April 28. M Partners maintained Facebook Inc (NASDAQ:FB) on Tuesday, August 18 with "Buy" rating. Barclays Capital has "Overweight" rating and $140 target. The firm has "Buy" rating by Aegis Capital given on Wednesday, July 26. Royal Bank Of Canada upped their target price on Facebook from $195.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Investorplace.com which released: "Why the News Feed Experiment Will Boost Facebook Inc (FB) Stock" on October 27, 2017, also Fool.com with their article: "30000 Businesses Now Use Facebook, Inc.'s Workplace" published on October 27, 2017, Finance.Yahoo.com published: "Why Facebook Inc Is So Easy to Like" on October 23, 2017. Ohio-based Oak Assoc Oh has invested 2.59% in Facebook Inc (NASDAQ:FB). "(FB) â€" Better in the Rear-View Mirror?" published on October 31, 2017 as well as Forbes.com's news article titled: "Earnings Preview: "What To Expect From Facebook On Wednesday" with publication date: "October 27, 2017. "(FB) PT Raised to $225.00 at Jefferies Group LLC" was reported by Week Herald and is the property of of Week Herald. During the same quarter in the previous year, the business posted $0.50 EPS. FB's profit will be $3.72B for 35.13 P/E if the $1.28 EPS becomes a reality. Facebook has $235.0 highest and $88 lowest target. St Johns Inv Mgmt Commerce Limited holds 10,225 shares. It is negative, as 81 investors sold AZO shares while 174 reduced holdings. The Firm is a bank and financial holding company. Bradley Foster & Sargent Ct holds 2,749 shares or 0.06% of its portfolio. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Facebook during the second quarter worth approximately $138,000. It also reduced its holding in Gatx Corp (NYSE:GMT) by 70,000 shares in the quarter, leaving it with 389,400 shares, and cut its stake in Valmont Inds Inc (NYSE:VMI).



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