Raymond James Trust N.A. Increases Stake in Facebook, Inc. (FB)

Raymond James Trust N.A. grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,501 shares of the social networking company’s stock after buying an additional 2,026 shares during the quarter. Raymond James Trust N.A.’s holdings in Facebook were worth $9,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Regal Investment Advisors LLC increased its position in shares of Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares in the last quarter. Aspen Investment Management Inc increased its position in shares of Facebook by 0.4% during the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after acquiring an additional 30 shares in the last quarter. First Commonwealth Financial Corp PA increased its position in shares of Facebook by 0.5% during the second quarter. First Commonwealth Financial Corp PA now owns 8,630 shares of the social networking company’s stock worth $1,303,000 after acquiring an additional 46 shares in the last quarter. Affinity Wealth Management increased its position in shares of Facebook by 2.5% during the second quarter. Affinity Wealth Management now owns 2,184 shares of the social networking company’s stock worth $330,000 after acquiring an additional 54 shares in the last quarter. Finally, Odey Holdings AG increased its position in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 58.47% of the company’s stock.

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Several research firms have recently commented on FB. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price 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 boosted their target price on shares of Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup reissued a “buy” rating and set a $220.00 target price 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 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $209.18.

FB opened at $166.28 on Friday. The stock has a market capitalization of $488,330.53, a price-to-earnings ratio of 26.99, a P/E/G ratio of 0.92 and a beta of 0.79. Facebook, Inc. has a twelve month low of $142.27 and a twelve month high of $195.32.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities research analysts anticipate that Facebook, Inc. will post 7.11 EPS for the current year.

In related news, VP David B. Fischer sold 5,587 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $174.39, for a total transaction of $6,635,539.50. Following the sale, the insider now owns 381,521 shares in the company, valued at $66,533,447.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,737,678 shares of company stock worth $1,346,825,803. Corporate insiders own 17.23% of the company’s stock.

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About Facebook

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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