Montrusco Bolton Investments Inc. Increases Stake in Facebook Inc (FB)

Montrusco Bolton Investments Inc. boosted its holdings in Facebook Inc (NASDAQ:FB) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,250 shares of the social networking company’s stock after acquiring an additional 7,463 shares during the quarter. Facebook comprises approximately 1.0% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Facebook were worth $19,825,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC raised its holdings in shares of Facebook by 4.6% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,698 shares of the social networking company’s stock worth $1,315,000 after purchasing an additional 342 shares during the period. Private Capital Advisors Inc. raised its holdings in shares of Facebook by 0.7% during the 3rd quarter. Private Capital Advisors Inc. now owns 47,098 shares of the social networking company’s stock valued at $8,048,000 after buying an additional 328 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Facebook during the 3rd quarter valued at about $292,000. Shell Asset Management Co. raised its holdings in shares of Facebook by 32.8% during the 3rd quarter. Shell Asset Management Co. now owns 295,363 shares of the social networking company’s stock valued at $23,345,000 after buying an additional 72,955 shares during the period. Finally, Verde Servicos Internacionais S.A. grew its stake in Facebook by 100.3% during the 3rd quarter. Verde Servicos Internacionais S.A. now owns 64,539 shares of the social networking company’s stock valued at $11,027,000 after purchasing an additional 32,310 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

FB has been the subject of several research reports. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays lifted their price target on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC boosted their target price on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Wedbush set a $225.00 target price on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, forty-two have issued a buy rating and four have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $202.86.

In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,144,182 shares of company stock worth $745,583,697. 17.23% of the stock is owned by company insiders.

Facebook Inc (NASDAQ FB) traded down $0.07 during midday trading on Thursday, hitting $187.77. 8,951,100 shares of the company’s stock were exchanged, compared to its average volume of 16,740,000. The company has a market capitalization of $545,620.00, a PE ratio of 34.90, a PEG ratio of 1.06 and a beta of 0.68. Facebook Inc has a 12-month low of $124.06 and a 12-month high of $188.90.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 47.3% on a year-over-year basis. research analysts forecast that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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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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