Paragon Capital Management Ltd Boosts Stake in Facebook, Inc. (FB)

Paragon Capital Management Ltd lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,265 shares of the social networking company’s stock after buying an additional 474 shares during the period. Facebook makes up about 1.1% of Paragon Capital Management Ltd’s portfolio, making the stock its 14th biggest holding. Paragon Capital Management Ltd’s holdings in Facebook were worth $2,870,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FB. Washington Trust Bank grew its holdings in Facebook by 1.7% during the 4th quarter. Washington Trust Bank now owns 63,141 shares of the social networking company’s stock valued at $11,142,000 after purchasing an additional 1,073 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Facebook by 3.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock valued at $1,215,867,000 after purchasing an additional 231,883 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in Facebook by 3,398.0% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 67,477 shares of the social networking company’s stock valued at $11,530,000 after purchasing an additional 65,548 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in Facebook by 2.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after purchasing an additional 11,940 shares during the last quarter. Finally, TRUE Private Wealth Advisors grew its holdings in Facebook by 14.9% during the 3rd quarter. TRUE Private Wealth Advisors now owns 12,611 shares of the social networking company’s stock valued at $2,154,000 after purchasing an additional 1,633 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.

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FB has been the topic of several analyst reports. JPMorgan Chase set a $230.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Monday, January 8th. Cowen restated a “buy” rating and issued a $220.00 target price on shares of Facebook in a research note on Thursday, January 4th. Vetr downgraded shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $203.53 target price on the stock. in a research note on Wednesday, January 3rd. Canaccord Genuity restated a “buy” rating and issued a $230.00 target price on shares of Facebook in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $212.78.

In other news, CEO Mark Zuckerberg sold 290,000 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $154.14, for a total value of $44,700,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the sale, the insider now owns 381,521 shares in the company, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. Insiders have sold a total of 6,520,955 shares of company stock worth $1,148,179,674 in the last 90 days. 17.23% of the stock is currently owned by company insiders.

Shares of Facebook stock opened at $157.20 on Monday. Facebook, Inc. has a 12-month low of $138.81 and a 12-month high of $195.32. The company has a market cap of $456,666.00, a price-to-earnings ratio of 25.52, a P/E/G ratio of 0.85 and a beta of 0.79.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. equities research analysts expect that Facebook, Inc. will post 7.18 earnings per share for the current fiscal year.

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About Facebook

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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