Davis R M Inc. boosted its stake in shares of Facebook Inc (NASDAQ:FB) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 175,578 shares of the social networking company’s stock after purchasing an additional 6,818 shares during the period. Davis R M Inc.’s holdings in Facebook were worth $30,982,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baltimore Washington Financial Advisors Inc. grew its position in shares of Facebook by 14.7% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 44,529 shares of the social networking company’s stock valued at $7,857,000 after acquiring an additional 5,710 shares during the period. Strategic Advisors LLC grew its position in shares of Facebook by 23.4% during the 4th quarter. Strategic Advisors LLC now owns 25,680 shares of the social networking company’s stock valued at $4,531,000 after acquiring an additional 4,862 shares during the period. Liberty Capital Management Inc. acquired a new stake in shares of Facebook during the 4th quarter valued at about $157,000. Convergence Investment Partners LLC grew its position in shares of Facebook by 10.0% during the 4th quarter. Convergence Investment Partners LLC now owns 27,568 shares of the social networking company’s stock valued at $4,865,000 after acquiring an additional 2,509 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV grew its position in shares of Facebook by 1.7% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 32,591 shares of the social networking company’s stock valued at $5,751,000 after acquiring an additional 533 shares during the period. 58.45% of the stock is currently owned by institutional investors.
In other news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total transaction of $9,748,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $179.76, for a total transaction of $134,820.00. Following the sale, the vice president now directly owns 82,546 shares in the company, valued at approximately $14,838,468.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,945,155 shares of company stock worth $886,119,243. Corporate insiders own 17.23% of the company’s stock.
Shares of Facebook stock opened at $185.09 on Monday. The company has a market cap of $537,686.44, a P/E ratio of 34.34, a PEG ratio of 0.96 and a beta of 0.64. Facebook Inc has a 12-month low of $137.60 and a 12-month high of $195.32.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts predict that Facebook Inc will post 7.28 earnings per share for the current year.
FB has been the topic of a number of research reports. BidaskClub lowered shares of Facebook from a “buy” rating to a “hold” rating in a research note on Saturday, March 3rd. Pivotal Research reaffirmed a “sell” rating and issued a $152.00 price target on shares of Facebook in a research note on Monday, February 12th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price target on the stock in a research note on Monday, February 5th. Argus raised their price target on shares of Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Mizuho raised their price target on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $214.70.
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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.
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