Calamos Wealth Management LLC decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 0.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 75,216 shares of the social networking company’s stock after selling 357 shares during the period. Facebook comprises about 1.8% of Calamos Wealth Management LLC’s holdings, making the stock its 9th largest holding. Calamos Wealth Management LLC’s holdings in Facebook were worth $22,153,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Trust Asset Management LLC grew its stake in shares of Facebook by 80.3% in the 3rd quarter. Trust Asset Management LLC now owns 12,232 shares of the social networking company’s stock worth $3,204,000 after buying an additional 5,447 shares during the last quarter. United Bank grew its stake in shares of Facebook by 24.1% in the 3rd quarter. United Bank now owns 3,999 shares of the social networking company’s stock worth $1,047,000 after buying an additional 777 shares during the last quarter. Wealth Alliance grew its stake in shares of Facebook by 1.1% in the 3rd quarter. Wealth Alliance now owns 11,889 shares of the social networking company’s stock worth $3,114,000 after buying an additional 125 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Facebook in the 3rd quarter worth approximately $251,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Facebook in the 3rd quarter worth approximately $33,830,000. Hedge funds and other institutional investors own 64.95% of the company’s stock.
Shares of Facebook stock traded down $1.30 during trading on Monday, reaching $311.16. 343,179 shares of the stock traded hands, compared to its average volume of 20,455,373. The company has a market capitalization of $886.08 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 1.29 and a beta of 1.18. Facebook, Inc. has a 52-week low of $168.34 and a 52-week high of $315.88. The business has a fifty day simple moving average of $277.13 and a two-hundred day simple moving average of $271.91.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 27th. The social networking company reported $3.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.64. The company had revenue of $28.10 million during the quarter, compared to analyst estimates of $26.43 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $2.56 earnings per share. On average, sell-side analysts predict that Facebook, Inc. will post 9.39 EPS for the current year.
FB has been the topic of several recent research reports. Mizuho restated a “buy” rating and issued a $350.00 price target on shares of Facebook in a research note on Thursday, January 28th. JMP Securities upped their price target on Facebook from $325.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, January 28th. Morgan Stanley increased their target price on Facebook from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Cowen increased their target price on Facebook from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, January 12th. Finally, MKM Partners increased their target price on Facebook from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $327.15.
In related news, CEO Mark Zuckerberg sold 68,000 shares of Facebook stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $310.73, for a total value of $21,129,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Newstead sold 213 shares of the firm’s stock in a transaction dated Tuesday, January 12th. The stock was sold at an average price of $256.28, for a total transaction of $54,587.64. Following the completion of the sale, the vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $353,410.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,346,594 shares of company stock valued at $367,106,993. 14.14% of the stock is currently owned by company insiders.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
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