First Hawaiian Bank lifted its position in Facebook, Inc. (NASDAQ:FB) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,386 shares of the social networking company’s stock after buying an additional 5,668 shares during the period. Facebook makes up about 0.5% of First Hawaiian Bank’s investment portfolio, making the stock its 26th biggest position. First Hawaiian Bank’s holdings in Facebook were worth $9,726,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. lifted its stake in shares of Facebook by 245.2% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 65,000 shares of the social networking company’s stock valued at $13,341,000 after buying an additional 46,170 shares in the last quarter. Appleton Partners Inc. MA raised its holdings in Facebook by 4.7% during the fourth quarter. Appleton Partners Inc. MA now owns 14,541 shares of the social networking company’s stock valued at $2,985,000 after acquiring an additional 650 shares during the period. Smith & Howard Wealth Management LLC bought a new stake in Facebook during the fourth quarter valued at about $269,000. Central Bank & Trust Co. lifted its position in shares of Facebook by 8.6% in the fourth quarter. Central Bank & Trust Co. now owns 12,898 shares of the social networking company’s stock valued at $2,647,000 after acquiring an additional 1,026 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Facebook by 55.4% in the fourth quarter. DNB Asset Management AS now owns 3,163,030 shares of the social networking company’s stock valued at $649,212,000 after acquiring an additional 1,127,759 shares in the last quarter. 63.86% of the stock is owned by institutional investors.
In other Facebook news, VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $221.86, for a total value of $57,683.60. Following the sale, the vice president now directly owns 1,046 shares of the company’s stock, valued at $232,065.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO David B. Fischer sold 5,562 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $196.60, for a total value of $1,093,489.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,095,300 shares of company stock valued at $208,127,951. Company insiders own 14.53% of the company’s stock.
Facebook stock traded up $0.37 during trading hours on Monday, hitting $222.14. 15,212,823 shares of the stock traded hands, compared to its average volume of 10,804,025. The firm’s 50 day moving average price is $207.77 and its 200-day moving average price is $194.43. The stock has a market capitalization of $633.49 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 1.19 and a beta of 1.05. Facebook, Inc. has a 1 year low of $142.52 and a 1 year high of $222.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.91 by $0.21. The business had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS. Research analysts forecast that Facebook, Inc. will post 8.5 earnings per share for the current fiscal year.
Several research analysts have commented on FB shares. Guggenheim increased their price objective on shares of Facebook from $230.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Evercore ISI reiterated a “positive” rating and issued a $280.00 target price on shares of Facebook in a research report on Monday, January 13th. They noted that the move was a valuation call. Goldman Sachs Group set a $231.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday, October 30th. ValuEngine raised Facebook from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. Finally, BMO Capital Markets cut their target price on shares of Facebook from $197.00 to $185.00 and set a “market perform” rating for the company in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $238.37.
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.
