Rosenblum Silverman Sutton S F Inc. CA decreased its holdings in Facebook, Inc. (NASDAQ:FB) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,242 shares of the social networking company’s stock after selling 816 shares during the quarter. Facebook accounts for approximately 5.8% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its biggest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Facebook were worth $16,277,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Country Trust Bank raised 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 last quarter. Price Wealth Management Inc. purchased a new position in Facebook in the 4th quarter worth about $105,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Facebook in the 3rd quarter worth about $111,000. Cerebellum GP LLC purchased a new position in Facebook in the 4th quarter worth about $122,000. Finally, Lenox Wealth Advisors Inc. raised its position in Facebook by 7,730.0% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 783 shares of the social networking company’s stock worth $138,000 after buying an additional 773 shares during the last quarter. 58.47% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of 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 target on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and set a $225.00 price target (up previously from $220.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, JMP Securities set a $235.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $209.83.
In other news, CEO Mark Zuckerberg sold 290,000 shares of the company’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $164.62, for a total transaction of $47,739,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David M. Wehner sold 14,901 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $178.79, for a total value of $2,664,149.79. Following the sale, the chief financial officer now directly owns 72,512 shares in the company, valued at $12,964,420.48. The disclosure for this sale can be found here. Insiders sold a total of 7,102,678 shares of company stock valued at $1,241,324,653 over the last 90 days. 17.23% of the stock is currently owned by corporate insiders.
FB stock opened at $164.83 on Tuesday. Facebook, Inc. has a 1-year low of $139.75 and a 1-year high of $195.32. The company has a market capitalization of $477,930.63, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 0.89 and a beta of 0.80.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping 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 business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. equities analysts anticipate that Facebook, Inc. will post 7.13 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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