City Holding Co. lifted its stake in Facebook Inc (NASDAQ:FB) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,079 shares of the social networking company’s stock after acquiring an additional 1,276 shares during the period. City Holding Co.’s holdings in Facebook were worth $2,837,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Country Trust Bank increased its position in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter worth approximately $111,000. Liberty Capital Management Inc. bought a new position in Facebook in the 4th quarter worth approximately $157,000. Stelac Advisory Services LLC bought a new position in Facebook in the 3rd quarter worth approximately $152,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Facebook in the 2nd quarter worth approximately $138,000. 58.45% of the stock is currently owned by institutional investors and hedge funds.
FB has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on Facebook to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. UBS set a $214.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Oppenheimer restated a “buy” rating and set a $225.00 price objective (up from $220.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $214.70.
In other news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total transaction of $132,172.50. Following the completion of the sale, the vice president now owns 82,096 shares in the company, valued at $14,467,778.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the business’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 sale, the insider now owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last three months, insiders sold 5,464,805 shares of company stock worth $981,592,439. Insiders own 17.23% of the company’s stock.
Facebook Inc (NASDAQ FB) opened at $172.56 on Tuesday. The company has a market capitalization of $537,686.44, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64. Facebook Inc has a one year low of $137.60 and a one year high of $195.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities research analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current fiscal year.
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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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