WealthTrust Arizona LLC boosted its position in Facebook Inc (NASDAQ:FB) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,746 shares of the social networking company’s stock after buying an additional 378 shares during the period. Facebook makes up approximately 0.5% of WealthTrust Arizona LLC’s portfolio, making the stock its 26th largest holding. WealthTrust Arizona LLC’s holdings in Facebook were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the stock. Country Trust Bank boosted its position in shares of Facebook by 550.6% during the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook during the 3rd quarter worth $111,000. Liberty Capital Management Inc. purchased a new stake in shares of Facebook during the 4th quarter worth $157,000. Stelac Advisory Services LLC purchased a new stake in shares of Facebook during the 3rd quarter worth $152,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook during the 2nd quarter worth $138,000. Hedge funds and other institutional investors own 58.45% of the company’s stock.
Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of Facebook to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. UBS set a $214.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer reiterated a “buy” rating and issued 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 shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $214.91.
In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total value of $9,748,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total value of $132,172.50. Following the completion of the transaction, the vice president now owns 82,096 shares of the company’s stock, valued at approximately $14,467,778.08. The disclosure for this sale can be found here. Insiders have sold a total of 5,593,805 shares of company stock valued at $1,002,901,289 in the last quarter. Company insiders own 17.23% of the company’s stock.
Shares of Facebook stock opened at $169.39 on Thursday. Facebook Inc has a fifty-two week low of $137.60 and a fifty-two week high of $195.32. The stock has a market capitalization of $488,475.72, a PE ratio of 31.43, a PEG ratio of 0.87 and a beta of 0.64.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. analysts expect that Facebook Inc will post 7.28 earnings per share for the current 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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