Moisand Fitzgerald Tamayo LLC decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 12.5% in the 4th quarter, HoldingsChannel reports. The firm owned 350 shares of the social networking company’s stock after selling 50 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Facebook were worth $72,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Advantage Inc. bought a new position in Facebook in the 3rd quarter valued at approximately $28,000. American National Bank bought a new position in Facebook in the 4th quarter valued at approximately $41,000. Winthrop Partners WNY LLC bought a new position in Facebook in the 3rd quarter valued at approximately $58,000. AlphaMark Advisors LLC raised its holdings in Facebook by 20.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after buying an additional 80 shares during the last quarter. Finally, Personal Wealth Partners raised its holdings in Facebook by 12.9% in the 3rd quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock valued at $86,000 after buying an additional 55 shares during the last quarter. 63.77% of the stock is owned by institutional investors and hedge funds.
In other news, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $212.85, for a total transaction of $55,341.00. Following the completion of the sale, the vice president now owns 1,306 shares in the company, valued at $277,982.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total value of $224,991.14. Following the transaction, the chief accounting officer now directly owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Insiders sold 1,228,140 shares of company stock valued at $233,184,417 over the last 90 days. Corporate insiders own 14.53% of the company’s stock.
Shares of NASDAQ:FB traded up $0.23 during mid-day trading on Thursday, hitting $221.38. The company had a trading volume of 4,679,589 shares, compared to its average volume of 12,376,408. The firm has a fifty day moving average price of $205.75 and a 200 day moving average price of $193.71. The company has a market capitalization of $629.86 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. Facebook, Inc. has a one year low of $142.52 and a one year high of $222.38.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.21. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. Facebook’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 EPS. Research analysts expect that Facebook, Inc. will post 8.48 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the stock. Goldman Sachs Group set a $231.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, October 30th. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Summit Insights assumed coverage on shares of Facebook in a report on Friday, September 27th. They issued a “buy” rating for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $250.00 price objective on shares of Facebook in a report on Thursday, October 31st. Finally, Summit Redstone assumed coverage on shares of Facebook in a report on Friday, September 27th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus price target of $238.04.
Facebook Company Profile
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.
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