Facebook, Inc. (NASDAQ:FB) Shares Purchased by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,118 shares of the social networking company’s stock after acquiring an additional 630 shares during the period. Facebook comprises 1.9% of Buckingham Capital Management Inc.’s holdings, making the stock its 16th largest position. Buckingham Capital Management Inc.’s holdings in Facebook were worth $11,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Flagship Private Wealth LLC acquired a new stake in Facebook during the fourth quarter worth about $25,000. RBA Wealth Management LLC acquired a new stake in Facebook in the first quarter valued at approximately $25,000. DB Wealth Management Group LLC acquired a new stake in Facebook in the fourth quarter valued at approximately $27,000. Klaas Financial Asset Advisors LLC acquired a new stake in Facebook in the fourth quarter valued at approximately $27,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in Facebook in the fourth quarter valued at approximately $27,000. 64.95% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Mark Zuckerberg sold 68,000 shares of Facebook stock in a transaction on Wednesday, April 7th. The stock was sold at an average price of $310.73, for a total value of $21,129,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Wehner sold 678 shares of the business’s stock in a transaction on Friday, March 19th. The stock was sold at an average price of $289.99, for a total value of $196,613.22. Following the transaction, the chief financial officer now directly owns 34,425 shares of the company’s stock, valued at $9,982,905.75. The disclosure for this sale can be found here. Insiders sold 1,840,372 shares of company stock valued at $543,294,071 over the last ninety days. Insiders own 14.14% of the company’s stock.

Several analysts have commented on FB shares. Susquehanna Bancshares raised their price objective on Facebook from $375.00 to $425.00 and gave the company a “positive” rating in a report on Thursday, April 29th. BMO Capital Markets raised their price objective on Facebook from $375.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, April 29th. UBS Group reissued a “buy” rating and issued a $380.00 price objective on shares of Facebook in a report on Thursday, April 29th. MKM Partners raised their price objective on Facebook from $340.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, May 5th. Finally, Citigroup downgraded Facebook from a “buy” rating to a “neutral” rating in a research report on Monday, May 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $366.87.

NASDAQ:FB opened at $315.94 on Friday. Facebook, Inc. has a 52 week low of $204.12 and a 52 week high of $331.81. The company has a market capitalization of $895.84 billion, a P/E ratio of 35.98, a P/E/G ratio of 1.29 and a beta of 1.18. The stock’s fifty day moving average is $306.06 and its two-hundred day moving average is $279.80.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 28th. The social networking company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.94. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business had revenue of $26.20 billion during the quarter, compared to analysts’ expectations of $23.61 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The company’s revenue was up 47.7% on a year-over-year basis. Equities analysts expect that Facebook, Inc. will post 9.39 EPS for the current year.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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