NTV Asset Management LLC cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,838 shares of the social networking company’s stock after selling 907 shares during the period. NTV Asset Management LLC’s holdings in Facebook were worth $3,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its holdings in Facebook by 153.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 121 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new stake in Facebook in the fourth quarter valued at $31,000. Accurate Investment Solutions Inc. lifted its holdings in Facebook by 35.6% in the fourth quarter. Accurate Investment Solutions Inc. now owns 453 shares of the social networking company’s stock valued at $59,000 after acquiring an additional 119 shares during the period. Norway Savings Bank lifted its holdings in Facebook by 28.5% in the fourth quarter. Norway Savings Bank now owns 451 shares of the social networking company’s stock valued at $59,000 after acquiring an additional 100 shares during the period. Finally, New Capital Management LP lifted its holdings in Facebook by 666.7% in the fourth quarter. New Capital Management LP now owns 575 shares of the social networking company’s stock valued at $75,000 after acquiring an additional 500 shares during the period. 60.24% of the stock is owned by hedge funds and other institutional investors.
Shares of FB stock opened at $191.49 on Monday. The company has a current ratio of 5.38, a quick ratio of 7.19 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $218.62. The stock has a market capitalization of $556.28 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.40 and a beta of 0.88.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.80). Facebook had a return on equity of 23.67% and a net margin of 33.17%. The firm had revenue of $15.08 billion during the quarter, compared to analyst estimates of $14.97 billion. During the same period in the previous year, the company earned $1.69 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities research analysts expect that Facebook, Inc. will post 7.98 earnings per share for the current fiscal year.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Wednesday, January 2nd. Goldman Sachs Group restated a “buy” rating and issued a $195.00 price target on shares of Facebook in a report on Wednesday, January 16th. Citigroup restated a “buy” rating and issued a $185.00 price target (up previously from $175.00) on shares of Facebook in a report on Thursday, January 31st. Wedbush lowered their price target on Facebook to $200.00 and set a “buy” rating for the company in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $195.00 price target on shares of Facebook in a report on Tuesday, January 8th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $206.58.
In other news, CAO Susan J.S. Taylor sold 1,442 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $162.02, for a total transaction of $233,632.84. Following the transaction, the chief accounting officer now owns 1,569 shares of the company’s stock, valued at approximately $254,209.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 5,300 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total value of $795,000.00. Following the transaction, the insider now directly owns 58,484 shares in the company, valued at approximately $8,772,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,565,185 shares of company stock worth $274,875,281. Insiders own 14.53% of the company’s stock.
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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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