Ayalon Holdings Ltd. Purchases Shares of 1,042 Facebook, Inc. (FB)

Ayalon Holdings Ltd. purchased a new stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, HoldingsChannel reports. The firm purchased 1,042 shares of the social networking company’s stock, valued at approximately $202,000.

Other large investors also recently made changes to their positions in the company. Cribstone Capital Management LLC boosted its stake in Facebook by 186.2% in the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after purchasing an additional 406 shares in the last quarter. IMA Wealth Inc. acquired a new position in Facebook in the second quarter worth $122,000. Trust Department MB Financial Bank N A acquired a new position in Facebook in the second quarter worth $134,000. Northwest Wealth Management LLC acquired a new position in Facebook in the second quarter worth $194,000. Finally, GenWealth Group Inc. acquired a new position in Facebook in the second quarter worth $200,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

In other Facebook news, insider Christopher K. Cox sold 3,300 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $150.09, for a total value of $495,297.00. Following the completion of the sale, the insider now directly owns 115,837 shares in the company, valued at $17,385,975.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 5,300 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $171.28, for a total value of $907,784.00. Following the completion of the sale, the insider now owns 134,737 shares of the company’s stock, valued at $23,077,753.36. The disclosure for this sale can be found here. Insiders sold 1,476,450 shares of company stock valued at $252,271,094 over the last 90 days. Corporate insiders own 17.23% of the company’s stock.

A number of equities analysts have commented on the company. Bank of America reissued a “buy” rating and issued a $205.00 price objective on shares of Facebook in a research note on Tuesday, August 7th. JMP Securities reduced their price objective on Facebook from $235.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Royal Bank of Canada reissued a “buy” rating and issued a $195.00 price objective on shares of Facebook in a research note on Monday, September 3rd. Robert W. Baird reissued a “buy” rating and issued a $195.00 price objective on shares of Facebook in a research note on Monday, September 3rd. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research note on Thursday, August 23rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $194.54.

NASDAQ:FB opened at $131.73 on Friday. Facebook, Inc. has a 1-year low of $126.85 and a 1-year high of $218.62. The stock has a market capitalization of $391.65 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 0.82 and a beta of 0.55.

Facebook (NASDAQ:FB) last released its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.30. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The firm had revenue of $13.73 billion for the quarter, compared to analyst estimates of $13.82 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. Equities research analysts expect that Facebook, Inc. will post 7.35 EPS for the current fiscal year.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Further Reading: Cost of Capital Explained

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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