Cambridge Investment Research Advisors Inc. Acquires 8,471 Shares of Facebook Inc (FB)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of Facebook Inc (NASDAQ:FB) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,047 shares of the social networking company’s stock after buying an additional 8,471 shares during the period. Facebook comprises approximately 0.7% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making the stock its 20th largest holding. Cambridge Investment Research Advisors Inc.’s holdings in Facebook were worth $50,415,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FB. Hartford Financial Management Inc. increased its stake in shares of Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares during the last quarter. Regal Investment Advisors LLC increased its position in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after purchasing an additional 18 shares during the last quarter. Halbert Hargrove Russell LLC increased its position in shares of Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after purchasing an additional 19 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its position in shares of Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after purchasing an additional 30 shares during the last quarter. Finally, Aspen Investment Management Inc increased its position in shares of Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 57.67% of the company’s stock.

In other news, CEO Mark Zuckerberg sold 238,715 shares of Facebook stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total value of $42,498,431.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction dated Tuesday, January 9th. The stock was 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 owns 381,521 shares in the company, valued at $71,661,089.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,509,220 shares of company stock worth $271,586,498. Corporate insiders own 17.23% of the company’s stock.

Several equities analysts have recently issued reports on the company. Needham & Company LLC lifted their price objective on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Aegis lifted their price objective on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $190.00 price objective on shares of Facebook in a research note on Tuesday, October 31st. Wedbush set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Monness Crespi & Hardt raised Facebook from a “neutral” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $214.70.

Shares of Facebook Inc (FB) opened at $176.41 on Tuesday. Facebook Inc has a 1-year low of $132.55 and a 1-year high of $195.32. The stock has a market capitalization of $512,470.00, a price-to-earnings ratio of 32.73, a P/E/G ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ 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. sell-side analysts expect that Facebook Inc will post 7.22 EPS for the current fiscal year.

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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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