Columbia Trust Co 01012016 Purchases 123 Shares of Facebook, Inc. (NASDAQ:FB)

Columbia Trust Co 01012016 lifted its position in Facebook, Inc. (NASDAQ:FB) by 3.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,173 shares of the social networking company’s stock after acquiring an additional 123 shares during the period. Columbia Trust Co 01012016’s holdings in Facebook were worth $1,416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management Corp IL ADV raised its holdings in shares of Facebook by 3.1% during the third quarter. Asset Management Corp IL ADV now owns 11,688 shares of the social networking company’s stock valued at $3,967,000 after purchasing an additional 354 shares during the last quarter. Oribel Capital Management LP raised its holdings in shares of Facebook by 20.4% during the second quarter. Oribel Capital Management LP now owns 81,600 shares of the social networking company’s stock valued at $28,374,000 after purchasing an additional 13,800 shares during the last quarter. Woodward Diversified Capital LLC purchased a new position in shares of Facebook during the second quarter valued at approximately $2,215,000. NEXT Financial Group Inc raised its holdings in shares of Facebook by 2.6% during the second quarter. NEXT Financial Group Inc now owns 19,296 shares of the social networking company’s stock valued at $6,710,000 after purchasing an additional 491 shares during the last quarter. Finally, WBI Investments Inc. purchased a new position in shares of Facebook during the second quarter valued at approximately $7,399,000. Hedge funds and other institutional investors own 65.74% of the company’s stock.

Several research analysts have recently weighed in on the stock. Jefferies Financial Group set a $420.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Tuesday, October 26th. Evercore ISI reaffirmed a “buy” rating and set a $430.00 target price on shares of Facebook in a report on Sunday, October 31st. Morgan Stanley reduced their target price on shares of Facebook from $400.00 to $365.00 and set an “overweight” rating for the company in a report on Tuesday, October 26th. JMP Securities reaffirmed an “outperform” rating and set a $400.00 target price (down from $425.00) on shares of Facebook in a report on Tuesday, October 26th. Finally, Canaccord Genuity upped their target price on shares of Facebook from $380.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $398.00.

Shares of NASDAQ FB opened at $341.06 on Thursday. Facebook, Inc. has a 12 month low of $244.61 and a 12 month high of $384.33. The company has a 50 day simple moving average of $336.80 and a two-hundred day simple moving average of $344.31. The stock has a market cap of $948.75 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.22 and a beta of 1.27.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Sunday, October 24th. The social networking company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.19 by $0.03. Facebook had a net margin of 35.88% and a return on equity of 30.22%. The business had revenue of $29.01 billion during the quarter, compared to analysts’ expectations of $29.52 billion. During the same period in the previous year, the business posted $2.71 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. Sell-side analysts forecast that Facebook, Inc. will post 13.96 earnings per share for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 52,700 shares of Facebook stock in a transaction that occurred on Wednesday, October 27th. The shares were sold at an average price of $314.91, for a total transaction of $16,595,757.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 121 shares of the business’s stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $339.87, for a total transaction of $41,124.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,893,113 shares of company stock valued at $660,001,361. Company insiders own 14.01% of the company’s stock.

About Facebook

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

See Also: Upside/Downside Explanation

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.