Facebook, Inc. (NASDAQ:FB) Shares Bought by Park Avenue Securities LLC


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Park Avenue Securities LLC raised its position in Facebook, Inc. (NASDAQ:FB) by 4.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,318 shares of the social networking company’s stock after purchasing an additional 1,543 shares during the period. Park Avenue Securities LLC’s holdings in Facebook were worth $10,108,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Flagship Private Wealth LLC acquired a new position in Facebook in the fourth quarter valued at approximately $25,000. RBA Wealth Management LLC acquired a new position in shares of Facebook during the 1st quarter valued at about $25,000. DB Wealth Management Group LLC purchased a new position in Facebook in the fourth quarter valued at approximately $27,000. Klaas Financial Asset Advisors LLC purchased a new stake in Facebook during the 4th quarter worth $27,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Facebook in the 4th quarter valued at about $27,000. Institutional investors own 64.95% of the company’s stock.

In other Facebook news, CEO Mark Zuckerberg sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $326.39, for a total value of $22,194,520.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 2,707 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $269.47, for a total value of $729,455.29. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares in the company, valued at approximately $848,022.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,739,851 shares of company stock worth $501,146,451. Corporate insiders own 14.14% of the company’s stock.

FB traded down $7.91 during trading on Tuesday, hitting $314.67. The company had a trading volume of 266,483 shares, compared to its average volume of 20,577,260. The firm’s 50-day moving average price is $299.41 and its 200 day moving average price is $277.60. Facebook, Inc. has a one year low of $198.76 and a one year high of $331.81. The company has a market capitalization of $896.08 billion, a PE ratio of 36.74, a PEG ratio of 1.29 and a beta of 1.18.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, April 28th. The social networking company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.94. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business had revenue of $26.20 billion during the quarter, compared to analyst estimates of $23.61 billion. During the same period last year, the company earned $1.71 EPS. Facebook’s revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts predict that Facebook, Inc. will post 9.39 earnings per share for the current year.

Several research firms have issued reports on FB. Evercore ISI upped their price target on Facebook from $370.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $355.00 price target on shares of Facebook in a report on Thursday, January 28th. Rosenblatt Securities lifted their target price on shares of Facebook from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Mizuho boosted their target price on Facebook from $350.00 to $400.00 in a research note on Thursday, April 29th. Finally, Wedbush lifted their price target on Facebook from $340.00 to $355.00 and gave the company a “neutral” rating in a research note on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $368.11.

Facebook Company Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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