Davis R M Inc. Acquires 26,349 Shares of Facebook Inc (FB)

Davis R M Inc. boosted its holdings in Facebook Inc (NASDAQ:FB) by 18.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,760 shares of the social networking company’s stock after purchasing an additional 26,349 shares during the period. Davis R M Inc.’s holdings in Facebook were worth $28,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FB. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook during the second quarter valued at about $138,000. Vigilant Capital Management LLC increased its position in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the period. Odey Holdings AG increased its position in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. purchased a new position in shares of Facebook during the second quarter valued at about $165,000. 57.73% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on FB. Vetr cut shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $210.22 price objective on the stock. in a report on Thursday. Cowen restated a “buy” rating and issued a $220.00 price objective on shares of Facebook in a report on Thursday, January 4th. UBS Group set a $215.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday. Citigroup restated a “buy” rating and issued a $200.00 price objective on shares of Facebook in a report on Wednesday, September 27th. Finally, BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $202.85.

Shares of Facebook Inc (NASDAQ:FB) opened at $187.77 on Friday. The company has a market cap of $545,620.00, a price-to-earnings ratio of 34.90, a PEG ratio of 1.06 and a beta of 0.68. Facebook Inc has a 52-week low of $124.80 and a 52-week 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, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share. equities analysts forecast that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the transaction, the insider now directly owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 238,715 shares of Facebook stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total transaction of $42,498,431.45. The disclosure for this sale can be found here. Insiders have sold 4,182,199 shares of company stock valued at $752,724,430 over the last ninety days. 17.23% of the stock is currently owned by corporate insiders.

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About Facebook

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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