Baird Financial Group Inc. Buys 3,863 Shares of Facebook, Inc. (FB)

Baird Financial Group Inc. boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 306,639 shares of the social networking company’s stock after acquiring an additional 3,863 shares during the quarter. Baird Financial Group Inc.’s holdings in Facebook were worth $54,110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Dowling & Yahnke LLC increased its position in shares of Facebook by 0.6% in the fourth quarter. Dowling & Yahnke LLC now owns 43,370 shares of the social networking company’s stock valued at $7,653,000 after buying an additional 270 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Facebook by 2.2% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 13,094 shares of the social networking company’s stock valued at $2,310,000 after buying an additional 276 shares in the last quarter. First Hawaiian Bank increased its position in shares of Facebook by 11.6% in the fourth quarter. First Hawaiian Bank now owns 2,698 shares of the social networking company’s stock valued at $476,000 after buying an additional 281 shares in the last quarter. Parsec Financial Management Inc. increased its position in shares of Facebook by 0.9% in the fourth quarter. Parsec Financial Management Inc. now owns 31,597 shares of the social networking company’s stock valued at $5,576,000 after buying an additional 285 shares in the last quarter. Finally, Dimension Capital Management LLC increased its position in shares of Facebook by 6.9% in the fourth quarter. Dimension Capital Management LLC now owns 4,440 shares of the social networking company’s stock valued at $783,000 after buying an additional 287 shares in the last quarter. Institutional investors own 58.67% of the company’s stock.

Shares of Facebook stock opened at $182.68 on Monday. Facebook, Inc. has a 52 week low of $144.56 and a 52 week high of $195.32. The firm has a market capitalization of $530.69 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.44. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The company’s quarterly revenue was up 49.0% on a year-over-year basis. sell-side analysts expect that Facebook, Inc. will post 7.64 earnings per share for the current year.

A number of brokerages have recently issued reports on FB. Royal Bank of Canada lifted their price target on Facebook to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. UBS set a $214.00 price target on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 price target on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and issued a $225.00 price target (up from $220.00) on shares of Facebook in a research note on Thursday, February 1st. Finally, JMP Securities set a $235.00 price target on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $217.37.

In related news, Director Jan Koum sold 1,253,906 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total value of $221,326,948.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 220,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.52, for a total value of $38,834,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,678,454 shares of company stock worth $2,232,384,900. Corporate insiders own 17.23% of the company’s stock.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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