4,600 Shares in Facebook Inc (FB) Purchased by R. G. Niederhoffer Capital Management Inc.

R. G. Niederhoffer Capital Management Inc. acquired a new stake in shares of Facebook Inc (NASDAQ:FB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,600 shares of the social networking company’s stock, valued at approximately $786,000. Facebook accounts for about 5.1% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartford Financial Management Inc. grew its holdings in Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after purchasing an additional 16 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in 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 acquiring an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC grew its holdings in 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 acquiring an additional 19 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in 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 acquiring an additional 30 shares in the last quarter. Finally, Aspen Investment Management Inc grew its holdings in 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 acquiring an additional 30 shares in the last quarter. 57.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Facebook Inc (NASDAQ:FB) traded up $6.37 on Wednesday, hitting $179.52. 28,754,753 shares of the stock traded hands, compared to its average volume of 26,910,000. The company has a market cap of $521,510.00, a PE ratio of 33.31, a P/E/G ratio of 0.92 and a beta of 0.58. Facebook Inc has a one year low of $132.55 and a one year high of $195.32.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts anticipate that Facebook Inc will post 7.22 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on FB. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Barclays lifted their price objective on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC lifted their price objective on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Morgan Stanley set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Friday, January 12th. One investment 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $214.70.

In other Facebook news, Director Jan Koum sold 594,246 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $179.35, for a total transaction of $106,578,020.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Thiel sold 160,805 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. In the last three months, insiders sold 1,710,505 shares of company stock valued at $306,750,267. 17.23% of the stock is currently owned by insiders.

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Facebook Company Profile

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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