Facebook, Inc. (FB) Stake Lifted by Cedar Capital LLC

Cedar Capital LLC raised its position in Facebook, Inc. (NASDAQ:FB) by 71.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,726 shares of the social networking company’s stock after purchasing an additional 1,977 shares during the period. Cedar Capital LLC’s holdings in Facebook were worth $834,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of FB. Beach Investment Management LLC. increased its stake in shares of 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 acquiring an additional 110,570 shares in the last quarter. Heritage Trust Co increased its stake in Facebook by 26.7% during 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Facebook by 45.7% during 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 in the last quarter. Quinn Opportunity Partners LLC increased its stake in Facebook by 26.7% during 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 in the last quarter. Finally, Glassman Wealth Services increased its stake in Facebook by 14.4% during 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 in the last quarter. Hedge funds and other institutional investors own 58.47% of the company’s stock.

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In other Facebook news, Director Jan Koum sold 1,253,906 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 140,200 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $153.55, for a total transaction of $21,527,710.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,682,678 shares of company stock worth $1,337,649,603. Insiders own 17.23% of the company’s stock.

A number of analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Facebook to $250.00 and gave the company an “outperform” rating in a research note 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 note 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 note on Thursday, February 1st. Oppenheimer restated a “buy” rating and set a $225.00 price target (up previously from $220.00) on shares of Facebook in a research note on Thursday, February 1st. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $209.39.

Shares of NASDAQ:FB opened at $166.36 on Thursday. The stock has a market capitalization of $478,831.16, a P/E ratio of 27.01, a P/E/G ratio of 0.90 and a beta of 0.79. Facebook, Inc. has a fifty-two week low of $141.27 and a fifty-two week high of $195.32.

Facebook (NASDAQ:FB) last released its quarterly earnings data 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 business had revenue of $12.97 billion for the quarter, compared to the consensus estimate 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 7.11 earnings per share for the current fiscal 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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