Slow Capital Inc. Takes $3.21 Million Position in Facebook, Inc. Common Stock (NASDAQ:FB)

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Slow Capital Inc. bought a new position in Facebook, Inc. Common Stock (NASDAQ:FB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,196 shares of the social networking company’s stock, valued at approximately $3,211,000. Facebook, Inc. Common Stock accounts for about 1.7% of Slow Capital Inc.’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC increased its holdings in shares of Facebook, Inc. Common Stock by 20.6% in the fourth quarter. Westover Capital Advisors LLC now owns 5,261 shares of the social networking company’s stock valued at $928,000 after buying an additional 898 shares in the last quarter. Amussen Hunsaker Associates LLC increased its holdings in shares of Facebook, Inc. Common Stock by 13.8% in the fourth quarter. Amussen Hunsaker Associates LLC now owns 12,689 shares of the social networking company’s stock valued at $2,239,000 after buying an additional 1,536 shares in the last quarter. Banco de Sabadell S.A bought a new position in shares of Facebook, Inc. Common Stock in the fourth quarter valued at $2,358,000. Wealthsource Partners LLC increased its holdings in shares of Facebook, Inc. Common Stock by 14.5% in the fourth quarter. Wealthsource Partners LLC now owns 4,404 shares of the social networking company’s stock valued at $777,000 after buying an additional 559 shares in the last quarter. Finally, Covington Capital Management increased its holdings in shares of Facebook, Inc. Common Stock by 6.1% in the fourth quarter. Covington Capital Management now owns 39,017 shares of the social networking company’s stock valued at $6,885,000 after buying an additional 2,229 shares in the last quarter. Hedge funds and other institutional investors own 59.19% of the company’s stock.

In related news, CEO Mark Zuckerberg sold 145,000 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $155.94, for a total value of $22,611,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $199.18, for a total transaction of $149,385.00. Following the completion of the transaction, the vice president now directly owns 90,865 shares of the company’s stock, valued at approximately $18,098,490.70. The disclosure for this sale can be found here. Insiders have sold 14,632,809 shares of company stock valued at $2,676,380,439 in the last ninety days. 17.23% of the stock is owned by company insiders.

Shares of Facebook, Inc. Common Stock opened at $194.32 on Friday, according to Marketbeat. The stock has a market cap of $570.05 billion, a PE ratio of 31.55, a P/E/G ratio of 1.05 and a beta of 0.84. Facebook, Inc. Common Stock has a 52 week low of $147.80 and a 52 week high of $203.55.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.44. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $11.41 billion. Facebook, Inc. Common Stock had a net margin of 40.03% and a return on equity of 27.74%. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. sell-side analysts forecast that Facebook, Inc. Common Stock will post 7.66 EPS for the current fiscal year.

FB has been the topic of several research reports. Evercore ISI dropped their price target on Facebook, Inc. Common Stock from $205.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, April 10th. Macquarie reissued a “buy” rating and set a $200.00 target price on shares of Facebook, Inc. Common Stock in a research note on Tuesday, March 20th. Wedbush set a $260.00 target price on shares of Facebook, Inc. Common Stock and gave the company a “buy” rating in a research note on Thursday, March 29th. ValuEngine downgraded shares of Facebook, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, OTR Global downgraded shares of Facebook, Inc. Common Stock to a “positive” rating in a research note on Wednesday, April 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $218.42.

Facebook, Inc. Common Stock Profile

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.

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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