Joel Isaacson & Company LLC Increased Facebook INC (NASDAQ:FB) by $7.01 Million as Shares Rose


Joel Isaacson & Company Llc increased its stake in Facebook Inc (NASDAQ:FB) by 287.78% based on its latest 2016Q2 regulatory filing with the SEC. Joel Isaacson & Company Llc bought 61,516 shares as the company’s stock rose 11.62% with the market. The institutional investor held 82,892 shares of the technology company at the end of 2016Q2, valued at $9.46M, up from 21,376 at the end of the previous reported quarter. Joel Isaacson & Company Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $369.44 billion market cap company. The stock is down 1.27% or $1.63 hitting $127.06, despite the positive news. About 13.66 million shares traded hands. Facebook Inc (NASDAQ:FB) has risen 29.01% since February 8, 2016 and is uptrending. It has outperformed by 12.52% the S&P500.

Joel Isaacson & Company Llc is a New York-based institutional investor with more than $2.52 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Joel Isaacson & Company latest Adv, the fund reported to have 33 full and part-time employees. Among which 15 performing investment advisory and research functions. The institutional investor had more than 700 clients.

The institutional sentiment decreased to 1.23 in Q2 2016. Its down 0.06, from 1.29 in 2016Q1. The ratio dived, as 73 funds sold all FB shares owned while 523 reduced positions. 118 funds bought stakes while 614 increased positions. They now own 1.59 billion shares or 3.98% less from 1.65 billion shares in 2016Q1.

Greenbrier Partners Capital Management Llc holds 18.22% of its portfolio in FB for 580,000 shares. Fox Point Capital Management Llc owns 62,500 shares or 16.96% of their US portfolio. Moreover, Sylebra Hk Co Ltd has 16.76% invested in the company for 1.56 million shares. The California-based Capital Planning Advisors Llc has invested 15.42% in the stock. Kemnay Advisory Services Inc., a New York-based fund reported 148,466 shares.

Out of 36 analysts covering Facebook (NASDAQ:FB), 34 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 94% are positive. Facebook has been the topic of 66 analyst reports since October 1, 2015 according to StockzIntelligence Inc. M Partners maintained the stock on May 13 with “Buy” rating. RBC Capital Markets maintained the shares of FB in a report on April 28 with “Outperform” rating. Lastly, Wedbush maintained the stock with “Outperform” rating in an April 28 report.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $369.44 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 60.86 P/E ratio. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

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