Facebook, Inc. (NASDAQ:FB) Shares Bought by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC boosted its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,254 shares of the social networking company’s stock after buying an additional 312 shares during the period. Ropes Wealth Advisors LLC’s holdings in Facebook were worth $4,676,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its position in shares of Facebook by 10.3% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 6,388 shares of the social networking company’s stock valued at $1,745,000 after purchasing an additional 595 shares in the last quarter. Proem Advisors LLC purchased a new stake in shares of Facebook in the fourth quarter valued at approximately $9,287,000. Shaker Investments LLC OH grew its position in shares of Facebook by 70.3% in the first quarter. Shaker Investments LLC OH now owns 11,186 shares of the social networking company’s stock valued at $3,295,000 after purchasing an additional 4,616 shares in the last quarter. Signaturefd LLC grew its position in shares of Facebook by 10.7% in the first quarter. Signaturefd LLC now owns 34,379 shares of the social networking company’s stock valued at $10,126,000 after purchasing an additional 3,322 shares in the last quarter. Finally, Venture Visionary Partners LLC grew its position in shares of Facebook by 22.8% in the first quarter. Venture Visionary Partners LLC now owns 28,951 shares of the social networking company’s stock valued at $8,526,000 after purchasing an additional 5,375 shares in the last quarter. Institutional investors own 65.63% of the company’s stock.

NASDAQ:FB traded down $0.83 during trading hours on Friday, hitting $331.63. The company’s stock had a trading volume of 100,636 shares, compared to its average volume of 19,578,330. The company has a market capitalization of $940.33 billion, a PE ratio of 28.44, a P/E/G ratio of 1.27 and a beta of 1.30. The company has a fifty day simple moving average of $315.72. Facebook, Inc. has a 52-week low of $207.11 and a 52-week high of $338.30.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 28th. The social networking company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.94. The company had revenue of $26.20 billion for the quarter, compared to analyst estimates of $23.61 billion. Facebook had a return on equity of 27.54% and a net margin of 35.74%. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 earnings per share. As a group, research analysts predict that Facebook, Inc. will post 13.18 EPS for the current year.

In related news, CAO Susan J.S. Taylor sold 3,147 shares of the firm’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $300.00, for a total transaction of $944,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO David B. Fischer sold 10,145 shares of the firm’s stock in a transaction dated Friday, May 28th. The stock was sold at an average price of $331.00, for a total value of $3,357,995.00. Following the transaction, the executive now directly owns 25,052 shares in the company, valued at approximately $8,292,212. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,031,403 shares of company stock worth $632,050,379. Corporate insiders own 14.01% of the company’s stock.

A number of research analysts recently commented on FB shares. Truist upped their price objective on Facebook from $350.00 to $400.00 in a report on Thursday, April 29th. Mizuho upped their price objective on Facebook from $350.00 to $400.00 in a report on Thursday, April 29th. JPMorgan Chase & Co. upped their price objective on Facebook from $360.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. MKM Partners upped their price objective on Facebook from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, April 29th. Finally, Piper Sandler upped their price objective on Facebook from $285.00 to $335.00 and gave the company a “neutral” rating in a report on Thursday, April 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $370.93.

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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