Facebook, Inc. (FB) Shares Bought by Homrich & Berg

Homrich & Berg raised its holdings in Facebook, Inc. (NASDAQ:FB) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,838 shares of the social networking company’s stock after buying an additional 1,629 shares during the quarter. Homrich & Berg’s holdings in Facebook were worth $2,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FB. Huber Financial Advisors LLC acquired a new position in shares of Facebook in the fourth quarter valued at about $594,000. Bray Capital Advisors increased its holdings in shares of Facebook by 2.6% in the fourth quarter. Bray Capital Advisors now owns 24,802 shares of the social networking company’s stock valued at $4,377,000 after purchasing an additional 625 shares during the period. LA Financiere DE L Echiquier increased its holdings in shares of Facebook by 4.5% in the fourth quarter. LA Financiere DE L Echiquier now owns 95,185 shares of the social networking company’s stock valued at $16,796,000 after purchasing an additional 4,065 shares during the period. Professional Advisory Services Inc. increased its holdings in shares of Facebook by 7.0% in the fourth quarter. Professional Advisory Services Inc. now owns 98,743 shares of the social networking company’s stock valued at $17,424,000 after purchasing an additional 6,444 shares during the period. Finally, Washington Trust Bank increased its holdings in shares of Facebook by 1.7% in the fourth 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 period. Institutional investors own 58.67% of the company’s stock.

FB has been the topic of a number of research reports. ValuEngine raised Facebook from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Macquarie reissued a “buy” rating and issued a $200.00 price objective on shares of Facebook in a report on Tuesday, March 20th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price objective on the stock in a report on Thursday, January 25th. Zacks Investment Research lowered Facebook from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, JPMorgan Chase reaffirmed a “buy” rating and set a $242.00 target price on shares of Facebook in a report on Tuesday, April 10th. Two investment analysts have rated the stock with a sell rating, four 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 a consensus rating of “Buy” and an average price target of $217.37.

In other news, Director Jan Koum sold 10,695 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $187.01, for a total value of $2,000,071.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 1,636 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $164.46, for a total value of $269,056.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,678,454 shares of company stock worth $2,232,384,900. Company insiders own 17.23% of the company’s stock.

Shares of FB opened at $183.76 on Friday. Facebook, Inc. has a 12 month low of $182.76 and a 12 month high of $184.60. The company has a market capitalization of $532.20 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.25 by $0.44. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same period last year, the company earned $1.04 earnings per share. Facebook’s quarterly revenue was up 49.0% compared to the same quarter last year. equities research analysts anticipate that Facebook, Inc. will post 7.64 EPS for the current year.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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