HWG Holdings LP Makes New Investment in Facebook, Inc. (NASDAQ:FB)

HWG Holdings LP bought a new position in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,930 shares of the social networking company’s stock, valued at approximately $3,390,000. Facebook comprises approximately 2.7% of HWG Holdings LP’s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Watson Rebecca bought a new position in Facebook in the 2nd quarter worth about $25,000. JJJ Advisors Inc. boosted its holdings in Facebook by 262.5% during the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 105 shares during the period. HHM Wealth Advisors LLC purchased a new stake in Facebook during the 1st quarter valued at about $41,000. Elmwood Wealth Management Inc. purchased a new stake in Facebook during the 1st quarter valued at about $46,000. Finally, Virtus Alternative Investment Advisers Inc. purchased a new stake in Facebook during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Several brokerages recently weighed in on FB. Goldman Sachs Group restated a “buy” rating and set a $303.00 target price (up from $265.00) on shares of Facebook in a report on Friday, July 31st. Barclays increased their price objective on Facebook from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Mizuho increased their price objective on Facebook from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Robert W. Baird increased their price objective on Facebook from $240.00 to $300.00 in a report on Thursday, June 25th. Finally, Monness Crespi & Hardt increased their price objective on Facebook from $230.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $279.42.

Shares of Facebook stock traded down $1.48 on Friday, reaching $266.61. The company’s stock had a trading volume of 18,899,438 shares, compared to its average volume of 23,876,301. The company has a market capitalization of $759.52 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 1.77 and a beta of 1.25. The firm’s fifty day simple moving average is $264.90 and its two-hundred day simple moving average is $219.25. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $304.67.

Facebook (NASDAQ:FB) last posted its earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analyst estimates of $17.29 billion. Facebook had a return on equity of 22.90% and a net margin of 31.29%. As a group, analysts expect that Facebook, Inc. will post 8.21 EPS for the current fiscal year.

In related news, CAO Susan J.S. Taylor sold 1,133 shares of Facebook stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total transaction of $296,154.87. Following the transaction, the chief accounting officer now directly owns 4,182 shares in the company, valued at $1,093,132.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Newstead sold 426 shares of Facebook stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $270.64, for a total value of $115,292.64. Following the transaction, the vice president now owns 3,860 shares in the company, valued at $1,044,670.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,863 shares of company stock worth $9,085,220. Company insiders own 14.14% of the company’s stock.

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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