Facebook, Inc. (NASDAQ:FB) is Stanley Laman Group Ltd.’s 5th Largest Position


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Stanley Laman Group Ltd. lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,142 shares of the social networking company’s stock after purchasing an additional 2,432 shares during the period. Facebook comprises 1.9% of Stanley Laman Group Ltd.’s holdings, making the stock its 5th biggest position. Stanley Laman Group Ltd.’s holdings in Facebook were worth $10,965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Private Wealth LLC purchased a new stake in Facebook during the fourth quarter valued at approximately $25,000. Horan Capital Advisors LLC. purchased a new stake in Facebook during the third quarter valued at approximately $26,000. DB Wealth Management Group LLC purchased a new stake in Facebook during the fourth quarter valued at approximately $27,000. Klaas Financial Asset Advisors LLC purchased a new stake in Facebook during the fourth quarter valued at approximately $27,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in Facebook during the fourth quarter valued at approximately $27,000. 64.95% of the stock is owned by hedge funds and other institutional investors.

FB traded up $3.19 during midday trading on Tuesday, hitting $263.52. 640,848 shares of the company traded hands, compared to its average volume of 20,207,424. The company has a market capitalization of $750.42 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.29 and a beta of 1.18. Facebook, Inc. has a 52-week low of $137.10 and a 52-week high of $304.67. The business has a 50 day simple moving average of $265.35 and a two-hundred day simple moving average of $270.40.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 27th. The social networking company reported $3.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.64. The business had revenue of $28.10 million for the quarter, compared to the consensus estimate of $26.43 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same period last year, the firm posted $2.56 earnings per share. Equities analysts expect that Facebook, Inc. will post 9.39 EPS for the current year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “strong-buy” rating and set a $297.00 target price for the company in a research report on Monday, February 1st. The Goldman Sachs Group restated a “buy” rating and set a $355.00 price target on shares of Facebook in a research note on Thursday, January 28th. MKM Partners upped their price target on shares of Facebook from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. Jefferies Financial Group restated a “buy” rating and set a $350.00 price target on shares of Facebook in a research note on Thursday, January 28th. Finally, UBS Group upped their price target on shares of Facebook from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $323.98.

In other news, CEO Mark Zuckerberg sold 62,250 shares of the firm’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $277.06, for a total value of $17,246,985.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jennifer Newstead sold 310 shares of the firm’s stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $279.16, for a total transaction of $86,539.60. Following the completion of the transaction, the vice president now directly owns 3,122 shares in the company, valued at $871,537.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,384,833 shares of company stock worth $374,590,627. Insiders own 14.14% of the company’s stock.

About Facebook

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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