Nelson Van Denburg & Campbell Wealth Management Group LLC Grows Stock Position in Facebook, Inc. (NASDAQ:FB)

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Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Facebook, Inc. (NASDAQ:FB) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,526 shares of the social networking company’s stock after purchasing an additional 1,078 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Facebook were worth $4,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Cordasco Financial Network raised its holdings in shares of Facebook by 70.0% in the 2nd quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock valued at $33,000 after buying an additional 70 shares during the period. Whitnell & Co. acquired a new stake in Facebook in the 4th quarter valued at $26,000. Shamrock Asset Management LLC acquired a new stake in Facebook in the 2nd quarter valued at $38,000. Clean Yield Group bought a new position in shares of Facebook in the 2nd quarter valued at about $39,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of Facebook in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 63.17% of the company’s stock.

In other Facebook news, Director Peter Thiel sold 22,246 shares of Facebook stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the transaction, the director now directly owns 9,948 shares of the company’s stock, valued at $1,810,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 125,600 shares of Facebook stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $186.54, for a total transaction of $23,429,424.00. The disclosure for this sale can be found here. Insiders sold 2,620,872 shares of company stock valued at $486,967,799 over the last 90 days. 14.53% of the stock is owned by company insiders.

Several analysts recently commented on the stock. BidaskClub downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada reissued a “buy” rating and issued a $260.00 price objective on shares of Facebook in a report on Thursday, July 25th. China Renaissance Securities assumed coverage on shares of Facebook in a research report on Wednesday, May 29th. They issued a “buy” rating and a $245.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Deutsche Bank upped their price objective on shares of Facebook from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the company. Facebook currently has an average rating of “Buy” and an average price target of $220.92.

NASDAQ:FB traded up $1.43 on Friday, reaching $191.57. 5,617,192 shares of the company’s stock were exchanged, compared to its average volume of 11,164,839. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The firm has a market cap of $536.58 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.09 and a beta of 1.01. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The stock has a fifty day simple moving average of $185.77 and a 200-day simple moving average of $183.67.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. As a group, sell-side analysts predict that Facebook, Inc. will post 8.03 EPS for the current year.

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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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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