Facebook, Inc. (FB) Stake Increased by HL Financial Services LLC

HL Financial Services LLC lifted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 32.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,858 shares of the social networking company’s stock after buying an additional 30,324 shares during the quarter. HL Financial Services LLC’s holdings in Facebook were worth $21,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FB. Beach Investment Management LLC. grew its position in Facebook by 999.7% in the 2nd quarter. Beach Investment Management LLC. now owns 121,630 shares of the social networking company’s stock valued at $18,364,000 after purchasing an additional 110,570 shares during the period. Heritage Trust Co grew its position in Facebook by 26.7% in the 2nd quarter. Heritage Trust Co now owns 10,203 shares of the social networking company’s stock valued at $1,540,000 after purchasing an additional 2,148 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its position in Facebook by 45.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,214,188 shares of the social networking company’s stock valued at $334,298,000 after purchasing an additional 694,820 shares during the period. Quinn Opportunity Partners LLC grew its position in Facebook by 26.7% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 9,500 shares of the social networking company’s stock valued at $1,434,000 after purchasing an additional 2,000 shares during the period. Finally, Glassman Wealth Services grew its position in Facebook by 14.4% in the 2nd quarter. Glassman Wealth Services now owns 3,422 shares of the social networking company’s stock valued at $517,000 after purchasing an additional 431 shares during the period. 58.47% of the stock is owned by institutional investors.

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In other news, insider Michael Todd Schroepfer sold 38,104 shares of Facebook stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $161.31, for a total transaction of $6,146,556.24. Following the sale, the insider now directly owns 465,130 shares in the company, valued at approximately $75,030,120.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 290,000 shares of Facebook stock in a transaction on Friday, April 13th. The stock was sold at an average price of $164.62, for a total value of $47,739,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,102,678 shares of company stock worth $1,241,324,653 over the last quarter. Company insiders own 17.23% of the company’s stock.

Several research firms recently issued reports on FB. Vetr raised shares of 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. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Aegis lifted their price target on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reissued a “buy” rating and issued 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 shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-one have issued a buy rating and two have issued a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average price target of $209.83.

NASDAQ FB opened at $164.83 on Tuesday. The firm has a market cap of $477,930.63, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.89 and a beta of 0.80. Facebook, Inc. has a one year low of $139.75 and a one year high of $195.32.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. research analysts predict 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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