Facebook Inc (FB) Shares Bought by Marietta Wealth Management LLC

Marietta Wealth Management LLC raised its holdings in Facebook Inc (NASDAQ:FB) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,720 shares of the social networking company’s stock after acquiring an additional 752 shares during the quarter. Marietta Wealth Management LLC’s holdings in Facebook were worth $1,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Palisade Capital Management LLC NJ grew its position in shares of Facebook by 2.4% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after buying an additional 602 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Facebook by 3.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock worth $1,215,867,000 after buying an additional 231,883 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Facebook by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after buying an additional 349,182 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Facebook by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after purchasing an additional 907 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in Facebook by 2.9% during the third quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after purchasing an additional 11,940 shares in the last quarter. 57.32% of the stock is currently owned by institutional investors.

Shares of Facebook Inc (NASDAQ FB) opened at $177.36 on Tuesday. The company has a market capitalization of $515,230.81, a PE ratio of 28.84, a P/E/G ratio of 0.92 and a beta of 0.59. Facebook Inc has a 1-year low of $132.90 and a 1-year high of $195.32.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The company had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. research analysts predict that Facebook Inc will post 7.28 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research report on Wednesday, January 10th. Aegis raised their price objective on Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and set a $220.00 price objective on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $214.70.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares of the company’s stock, valued at $14,456,613.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Todd Schroepfer sold 38,050 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $174.39, for a total value of $6,635,539.50. Following the completion of the sale, the insider now directly owns 381,521 shares in the company, valued at $66,533,447.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,016,284 shares of company stock worth $182,010,071. 17.23% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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