It was an excellent week for Facebook Inc (NASDAQ:FB), HCA Holdings Inc (NYSE:HCA), and Williams Companies Inc (NYSE:WMB), as the shares of each of these companies moved quite a bit higher for various reasons. In the week starting on June 22, 2015 and closing on June 26, 2015, the shares of the social media giant Facebook rose by 6.67%. Among the primary factors driving the share price rally of Facebook were Piper Jaffray’s target price increase to $120 from $92, and an announcement from HBO, Time Warner Inc (NYSE:TWX)’s pay television service, that it will release the premier episode of two its comedy serials on Facebook. Gene Munster of Piper Jaffray weighed in on the potential of Oculus on Facebook’s future and called it an “insurance policy on the relevance of Facebook’s social portfolio as technology shifts.” The shares of Facebook Inc (NASDAQ:FB) have grown 11.1% year-to-date and have a current price-to-earnings ratio of 87.79. The hedge funds tracked at Insider Monkey have a bullish outlook on the social networking company, with 129 hedge funds holding positions worth $7.09 billion. Stephen Mandel’s Lone Pine Capital was the biggest investor of Facebook Inc in our database as of March 31, with 8.11 million shares valued at $666.51 million. Todd M. Schroepfer, Chief Technology Officer at Facebook, and David Fischer are among the insiders disposing large numbers of shares of the company. Fischer sold 78,257 shares of Facebook on February 17 along with several other transactions over the last six months. Schroepfer’s biggest insider sale in the last six months was on February 17 when he sold 62,986 shares.
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HCA Holdings Inc (NYSE:HCA) was another stock gaining value during the week with a 9.05% increase in its share price. The Supreme Court ruling on Thursday that allowed the federal government to continue providing subsidies through Obamacare, or the Affordable Care Act, was the key driver of this boost. The shares of the healthcare services company are up by 23.93% year-to-date and are trading close to their 52-week high at $92.04. HCA Holdings Inc (NYSE:HCA) witnessed high trading volume on Thursday with 11.95 million shares traded throughout the day against its average trading volume of 3.61 million shares, on the day the court ruling came down. Leerink Swann, equity research and asset manager service provider, raised its target share price to $95.00 from a previous target of $85.00. Among the hedge funds we track at Insider Monkey, the sentiment was bullish on HCA Holdings Inc (NYSE:HCA) during the first quarter, with 69 hedge fund managers holding $3.68 billion in the company’s stock, down from 80 hedge funds having $5.04 billion invested at the end of 2014. Larry Robbins’ Glenview Capital holds a large stake in HCA Holdings of 5.18 million shares having a market value of $389.59 million. Milton R. Johnson, CEO of HCA Holdings, sold 140,642 shares of the company on May 18 and June 11 each.
The shares of Williams Companies Inc (NYSE:WMB) skyrocketed by 18.25% during the week after receiving an unsolicited buyout offer from Energy Transfer Equity LP (NYSE:ETE). Williams rejected the buyout offer that valued the company at $48 billion or $64 per share, saying that the offer “significantly undervalues” the energy infrastructure company. Williams Companies Inc (NYSE:WMB) made an announcement on June 22 that it would explore strategic alternatives after the buyout offer. It is important to understand that Energy Transfer Equity LP (NYSE:ETE)’s offer is contingent on the termination of Williams Companies Inc’s acquisition of Williams Partners LP (NYSE:WPZ). Williams Partners LP and Williams Companies Inc entered into a definitive agreement on May 13 under which, Williams Companies Inc was to acquire all the outstanding common shares of Williams Partners LP. The energy infrastructure provider is likely to continue with its acquisition plan while looking for suitable alternatives. The hedge funds in our database have upped their net stake in Williams Companies Inc (NYSE:WMB) as of the latest 13F reporting period of March 31, as compared to the previous quarter, with net investments of $6.62 billion against previously-held investments of $6.49 billion. However, the number of hedge funds holding positions in the company has fallen to 60 against the previous figure of 77. Keith Meister of Corvex Capital owned 41.68 million shares of Williams Companies Inc with a market value of $2.11 billion at the end of the first quarter of 2015. Francis Billings, Senior Vice President at Williams Companies, has made the largest insider sale during 2015, selling 66,694 shares on May 14, followed by Robyn Ewing’s sale of 33,865 shares on March 2.