Butensky & Cohen Financial Security Inc. acquired a new stake in shares of Facebook Inc (NASDAQ:FB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,344 shares of the social networking company’s stock, valued at approximately $414,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Country Trust Bank lifted its holdings in shares of Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook in the 3rd quarter worth $111,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook in the 2nd quarter worth $138,000. Stelac Advisory Services LLC purchased a new stake in shares of Facebook in the 3rd quarter worth $152,000. Finally, Liberty Capital Management Inc. purchased a new stake in shares of Facebook in the 4th quarter worth $157,000. Institutional investors own 58.45% of the company’s stock.
FB has been the subject of several research reports. Macquarie reiterated a “buy” rating and issued a $200.00 target price on shares of Facebook in a report on Tuesday. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 target price for the company in a report on Thursday, January 25th. Aegis upped their target price on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Jefferies Group reiterated a “buy” rating and issued a $230.00 target price on shares of Facebook in a report on Thursday, February 1st. Finally, BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $214.91.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. research analysts anticipate that Facebook Inc will post 7.28 EPS for the current fiscal year.
In other news, CEO Mark Zuckerberg sold 145,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $166.61, for a total value of $24,158,450.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total value of $132,172.50. Following the transaction, the vice president now owns 82,096 shares in the company, valued at approximately $14,467,778.08. The disclosure for this sale can be found here. Insiders sold 5,593,805 shares of company stock worth $1,002,901,289 in the last 90 days. Company insiders own 17.23% of the company’s stock.
Facebook Company Profile
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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