Milestone Group Inc. lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 43.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,087 shares of the social networking company’s stock after purchasing an additional 938 shares during the period. Milestone Group Inc.’s holdings in Facebook were worth $596,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of FB. Wealthquest Corp bought a new stake in Facebook during the 4th quarter valued at $225,000. Jackson Grant Investment Advisers Inc. bought a new stake in Facebook during the 4th quarter valued at $31,000. Lenox Wealth Management Inc. increased its stake in Facebook by 10.1% during the 4th quarter. Lenox Wealth Management Inc. now owns 1,126 shares of the social networking company’s stock valued at $148,000 after purchasing an additional 103 shares in the last quarter. Landmark Bank increased its stake in Facebook by 28.4% during the 4th quarter. Landmark Bank now owns 24,097 shares of the social networking company’s stock valued at $3,159,000 after purchasing an additional 5,331 shares in the last quarter. Finally, K.J. Harrison & Partners Inc increased its stake in Facebook by 83.1% during the 4th quarter. K.J. Harrison & Partners Inc now owns 8,252 shares of the social networking company’s stock valued at $1,082,000 after purchasing an additional 3,745 shares in the last quarter. Institutional investors and hedge funds own 62.11% of the company’s stock.
Shares of NASDAQ:FB traded up $1.24 during midday trading on Friday, reaching $183.83. The company had a trading volume of 5,909,805 shares, compared to its average volume of 17,234,928. The company’s 50 day moving average price is $195.04 and its 200 day moving average price is $180.54. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The stock has a market cap of $537.64 billion, a P/E ratio of 24.28, a P/E/G ratio of 1.10 and a beta of 0.99. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. Research analysts forecast that Facebook, Inc. will post 7.96 EPS for the current fiscal year.
A number of analysts have commented on FB shares. Stifel Nicolaus restated a “hold” rating and set a $175.00 price target (up previously from $155.00) on shares of Facebook in a research note on Thursday, April 25th. Susquehanna Bancshares boosted their price target on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Goldman Sachs Group set a $228.00 price target on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Citigroup boosted their price target on shares of Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Raymond James boosted their price target on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $220.92.
In related news, CEO Mark Zuckerberg sold 133,100 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $188.66, for a total value of $25,110,646.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan J.S. Taylor sold 1,472 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $181.89, for a total transaction of $267,742.08. Following the completion of the transaction, the insider now directly owns 569 shares in the company, valued at $103,495.41. The disclosure for this sale can be found here. Insiders sold a total of 808,283 shares of company stock worth $150,830,736 over the last three months. 14.53% of the stock is owned by insiders.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
Featured Story: What moving averages are used to define a golden cross?
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).
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.