Wafra Inc. Has $33.62 Million Stock Position in Facebook, Inc. (NASDAQ:FB)

Wafra Inc. boosted its position in Facebook, Inc. (NASDAQ:FB) by 12.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 174,215 shares of the social networking company’s stock after purchasing an additional 19,400 shares during the period. Facebook comprises 1.1% of Wafra Inc.’s investment portfolio, making the stock its 8th biggest position. Wafra Inc.’s holdings in Facebook were worth $33,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FB. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of Facebook during the 2nd quarter valued at approximately $205,000. Executive Wealth Management LLC purchased a new stake in shares of Facebook during the 4th quarter valued at approximately $5,196,000. Fiduciary Financial Services of The Southwest Inc. TX lifted its stake in shares of Facebook by 1.7% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock valued at $2,362,000 after buying an additional 206 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Facebook by 10.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 18,085 shares of the social networking company’s stock valued at $2,935,000 after buying an additional 1,641 shares in the last quarter. Finally, Eastern Bank lifted its stake in shares of Facebook by 16.4% during the 2nd quarter. Eastern Bank now owns 99,117 shares of the social networking company’s stock valued at $19,130,000 after buying an additional 13,934 shares in the last quarter. 63.17% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook stock traded down $1.11 on Wednesday, hitting $186.97. 667,060 shares of the company traded hands, compared to its average volume of 11,244,382. The firm’s 50-day simple moving average is $186.08 and its 200 day simple moving average is $183.40. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The company has a market cap of $535.87 billion, a P/E ratio of 24.72, a P/E/G ratio of 1.09 and a beta of 1.01. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66.

Facebook (NASDAQ:FB) last posted 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 analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. Analysts predict that Facebook, Inc. will post 8.03 earnings per share for the current year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $200.81, for a total transaction of $11,044,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,369,672 shares of company stock worth $439,959,487. 14.53% of the stock is owned by insiders.

FB has been the topic of a number of recent research reports. Citigroup upped their price target on shares of Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Guggenheim restated a “hold” rating on shares of Facebook in a research note on Tuesday, September 10th. KeyCorp upped their price target on shares of Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada restated a “buy” rating and set a $260.00 price target on shares of Facebook in a research note on Thursday, July 25th. Finally, SunTrust Banks restated a “buy” rating and set a $215.00 price target on shares of Facebook in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company. Facebook has an average rating of “Buy” and a consensus target price of $220.92.

Facebook 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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