Mediaboss Marketing

Darrell & King LLC reduced its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,745 shares of the social networking companys stock after selling 3,233 shares during the quarter. Facebook comprises approximately 6.8% of Darrell & King LLCs holdings, making the stock its 4th largest position. Darrell & King LLCs holdings in Facebook were worth $32,543,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in Facebook by 5,336.8% during the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking companys stock valued at $4,341,794,000 after acquiring an additional 22,082,561 shares during the last quarter. Invesco Ltd. lifted its position in shares of Facebook by 36.5% during the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking companys stock valued at $6,764,908,000 after buying an additional 9,368,684 shares during the last quarter. Viking Global Investors LP lifted its position in Facebook by 231.7% during the second quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking companys stock valued at $1,363,295,000 after acquiring an additional 4,934,406 shares during the last quarter. BlackRock Inc. increased its position in Facebook by 2.8% during the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking companys stock valued at $29,270,846,000 after buying an additional 4,114,043 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Facebook by 2.0% in the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking companys stock worth $34,871,738,000 after acquiring an additional 3,465,756 shares in the last quarter. 63.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on FB. Guggenheim reissued a hold rating on shares of Facebook in a report on Tuesday, September 10th. Morgan Stanley raised their price objective on shares of Facebook from $235.00 to $250.00 and gave the stock an overweight rating in a research note on Thursday, October 31st. Rosenblatt Securities set a $242.00 price objective on shares of Facebook and gave the stock a buy rating in a research report on Tuesday, October 15th. Summit Redstone assumed coverage on Facebook in a research report on Friday, September 27th. They issued a buy rating for the company. Finally, Barclays dropped their target price on shares of Facebook from $240.00 to $220.00 and set an overweight rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the stock. Facebook has an average rating of Buy and a consensus price target of $229.04.

In other news, CRO David B. Fischer sold 11,638 shares of the firms stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $202.00, for a total value of $2,350,876.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 125,600 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $187.02, for a total transaction of $23,489,712.00. The disclosure for this sale can be found here. Insiders sold 2,619,746 shares of company stock valued at $485,932,630 in the last three months. 14.53% of the stock is currently owned by company insiders.

NASDAQ FB traded up $0.24 during trading hours on Friday, hitting $206.30. 27,306,825 shares of the companys stock were exchanged, compared to its average volume of 16,404,604. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a market capitalization of $588.32 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. The businesss 50 day moving average is $197.40 and its 200-day moving average is $189.73. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. The businesss quarterly revenue was up 28.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Facebook, Inc. will post 8.48 EPS for the current fiscal year.

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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Darrell & King LLC Has $32.54 Million Stake in Facebook, Inc. (NASDAQ:FB) - Riverton Roll