ERTS Wealth Advisors LLC reduced its stake in Facebook, Inc. (NASDAQ:FB) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,411 shares of the social networking company’s stock after selling 70 shares during the period. ERTS Wealth Advisors LLC’s holdings in Facebook were worth $495,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Facebook by 3.3% during the fourth quarter. FMR LLC now owns 123,422,389 shares of the social networking company’s stock valued at $25,332,445,000 after purchasing an additional 3,993,741 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Facebook by 28.4% during the fourth quarter. Janus Henderson Group PLC now owns 12,076,233 shares of the social networking company’s stock valued at $2,478,206,000 after buying an additional 2,673,200 shares during the last quarter. Capital World Investors grew its holdings in shares of Facebook by 5.4% during the fourth quarter. Capital World Investors now owns 46,700,441 shares of the social networking company’s stock valued at $9,585,263,000 after buying an additional 2,405,542 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Facebook by 77.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,067,599 shares of the social networking company’s stock valued at $834,875,000 after buying an additional 1,781,520 shares during the last quarter. Finally, Johanson Financial Advisors Inc. grew its holdings in shares of Facebook by 21,147.8% during the fourth quarter. Johanson Financial Advisors Inc. now owns 1,219,198 shares of the social networking company’s stock valued at $5,940,000 after buying an additional 1,213,460 shares during the last quarter. 65.29% of the stock is owned by institutional investors.
FB has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $230.00 price target on shares of Facebook in a report on Wednesday, March 18th. BidaskClub cut shares of Facebook from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 5th. Citigroup cut their price target on shares of Facebook from $240.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Facebook in a report on Friday, March 6th. Finally, Bernstein Bank initiated coverage on shares of Facebook in a report on Friday, January 10th. They set an “outperform” rating and a $250.00 price target on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $241.88.
Shares of NASDAQ FB traded up $2.91 during trading hours on Thursday, hitting $159.12. 1,421,274 shares of the stock were exchanged, compared to its average volume of 29,374,246. The company has a market cap of $457.28 billion, a PE ratio of 24.81, a PEG ratio of 1.04 and a beta of 1.03. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $224.20. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $189.00 and a 200-day moving average price of $195.35.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.03. The company had revenue of $21.08 billion for the quarter, compared to the consensus estimate of $20.90 billion. Facebook had a net margin of 26.15% and a return on equity of 19.97%. Facebook’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 EPS. As a group, equities analysts anticipate that Facebook, Inc. will post 8.97 earnings per share for the current fiscal year.
In other news, CAO Susan J.S. Taylor sold 1,449 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $201.80, for a total value of $292,408.20. Following the sale, the chief accounting officer now directly owns 2,113 shares of the company’s stock, valued at approximately $426,403.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David B. Fischer sold 11,142 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $192.00, for a total transaction of $2,139,264.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,067 shares of company stock worth $17,392,181. 14.53% of the stock is owned by insiders.
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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