Advisory Research Inc. acquired a new stake in shares of Facebook Inc (NASDAQ:FB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,517 shares of the social networking company’s stock, valued at approximately $405,000.
Several other institutional investors have also made changes to their positions in FB. Hemenway Trust Co LLC purchased a new stake in shares of Facebook during the fourth quarter valued at about $109,000. GFI Investment Counsel Ltd. purchased a new stake in shares of Facebook during the fourth quarter valued at about $115,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock valued at $116,000 after buying an additional 96 shares during the period. Jacobus Wealth Management Inc. purchased a new stake in shares of Facebook during the third quarter valued at about $121,000. Finally, Orinda Asset Management LLC purchased a new stake in shares of Facebook during the third quarter valued at about $126,000. Institutional investors and hedge funds own 57.00% of the company’s stock.
Shares of Facebook Inc (NASDAQ:FB) traded down 0.08% during midday trading on Friday, reaching $143.68. 502,658 shares of the company were exchanged. The company has a market capitalization of $415.23 billion, a PE ratio of 41.13 and a beta of 0.68. Facebook Inc has a 52-week low of $106.31 and a 52-week high of $144.25. The stock’s 50-day moving average price is $140.15 and its 200-day moving average price is $129.41. Facebook also saw some unusual options trading activity on Tuesday. Stock traders bought 78,065 put options on the company. This is an increase of approximately 109% compared to the typical daily volume of 37,299 put options.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, February 1st. The social networking company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.10. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 50.8% compared to the same quarter last year. Analysts anticipate that Facebook Inc will post $5.44 EPS for the current year.
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Several brokerages have weighed in on FB. Wells Fargo & Co reissued an “overweight” rating on shares of Facebook in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $175.00 price objective on shares of Facebook in a research note on Monday. Piper Jaffray Companies boosted their price objective on Facebook from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday. FBN Securities set a $175.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $144.00 price objective on shares of Facebook in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-six have given a buy rating and four have given a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus price target of $157.91.
In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $141.27, for a total transaction of $105,952.50. Following the transaction, the vice president now owns 81,330 shares of the company’s stock, valued at $11,489,489.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 163,500 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $141.27, for a total transaction of $23,097,645.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,012,117 shares of company stock worth $838,152,309. Insiders own 19.08% of the company’s stock.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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