M Holdings Securities Inc. raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 42.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,363 shares of the social networking company’s stock after buying an additional 5,792 shares during the quarter. Facebook comprises about 0.8% of M Holdings Securities Inc.’s investment portfolio, making the stock its 22nd biggest holding. M Holdings Securities Inc.’s holdings in Facebook were worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. Baker Ellis Asset Management LLC purchased a new position in shares of Facebook in the third quarter worth $119,000. Aviance Capital Management LLC bought a new stake in shares of Facebook in the second quarter worth $151,000. Arlington Partners LLC bought a new stake in shares of Facebook in the third quarter worth $164,000. Lenox Wealth Management Inc. grew its holdings in shares of Facebook by 65.5% in the third quarter. Lenox Wealth Management Inc. now owns 1,023 shares of the social networking company’s stock worth $168,000 after acquiring an additional 405 shares during the period. Finally, Wagner Wealth Management LLC grew its holdings in shares of Facebook by 100.0% in the third quarter. Wagner Wealth Management LLC now owns 1,056 shares of the social networking company’s stock worth $174,000 after acquiring an additional 528 shares during the period. Institutional investors and hedge funds own 59.63% of the company’s stock.
NASDAQ:FB opened at $170.17 on Friday. The stock has a market capitalization of $503.64 billion, a P/E ratio of 22.48, a PEG ratio of 1.01 and a beta of 0.88. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62.
Several research firms have issued reports on FB. Wedbush set a $220.00 price target on Facebook and gave the company a “buy” rating in a report on Wednesday, January 2nd. ValuEngine lowered Facebook from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Tigress Financial reissued a “buy” rating on shares of Facebook in a report on Thursday, December 20th. Goldman Sachs Group lowered Facebook to a “neutral” rating in a report on Friday, January 4th. Finally, BMO Capital Markets cut their price target on Facebook to $163.00 and set a “market perform” rating for the company in a report on Monday, January 28th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have issued a buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus price target of $191.58.
In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $172.60, for a total value of $129,450.00. Following the sale, the vice president now directly owns 105,372 shares in the company, valued at $18,187,207.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher K. Cox sold 5,300 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $173.11, for a total value of $917,483.00. Following the completion of the sale, the insider now owns 92,794 shares in the company, valued at $16,063,569.34. The disclosure for this sale can be found here. Insiders sold 335,711 shares of company stock worth $50,668,068 over the last quarter. 16.25% of the stock is owned by company insiders.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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