Jaffetilchin Investment Partners LLC lowered its position in Facebook Inc (NASDAQ:FB) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 30,056 shares of the social networking company’s stock after selling 1,111 shares during the period. Facebook accounts for about 1.8% of Jaffetilchin Investment Partners LLC’s holdings, making the stock its 14th biggest position. Jaffetilchin Investment Partners LLC’s holdings in Facebook were worth $5,304,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter worth about $111,000. Mountain Capital Investment Advisors Inc bought a new position in Facebook in the 2nd quarter worth about $138,000. Stelac Advisory Services LLC bought a new position in Facebook in the 3rd quarter worth about $152,000. Odey Holdings AG boosted its stake in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in Facebook in the 2nd quarter worth about $165,000. 58.48% of the stock is owned by institutional investors.
Several research analysts have commented on the company. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target for the company in a research report on Wednesday, January 10th. Aegis lifted their price target on Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reiterated a “buy” rating and set a $220.00 price target 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 target on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $214.70.
In related news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $178.10, for a total value of $2,849,600.00. Following the sale, the insider now directly owns 16,010 shares of the company’s stock, valued at $2,851,381. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 381,521 shares in the company, valued at $71,661,089.43. The disclosure for this sale can be found here. Insiders have sold 4,467,131 shares of company stock worth $798,223,122 over the last three months. Insiders own 17.23% of the company’s stock.
Facebook Inc (NASDAQ:FB) opened at $184.76 on Tuesday. Facebook Inc has a 12 month low of $137.60 and a 12 month high of $195.32. The stock has a market capitalization of $536,730.00, a P/E ratio of 29.99, a PEG ratio of 0.96 and a beta of 0.64.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) 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 firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. analysts anticipate that Facebook Inc will post 7.28 EPS for the current fiscal year.
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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.
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