Mission Wealth Management LP Boosts Stake in Facebook, Inc. (NASDAQ:FB)

Mission Wealth Management LP grew its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,351 shares of the social networking company’s stock after buying an additional 441 shares during the quarter. Mission Wealth Management LP’s holdings in Facebook were worth $3,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Advantage Inc. purchased a new stake in Facebook in the 3rd quarter worth about $28,000. American National Bank purchased a new stake in Facebook in the fourth quarter valued at $41,000. Winthrop Partners WNY LLC acquired a new stake in Facebook during the 3rd quarter worth about $58,000. AlphaMark Advisors LLC grew its position in Facebook by 20.8% during the 3rd quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock worth $83,000 after purchasing an additional 80 shares during the period. Finally, Personal Wealth Partners raised its stake in shares of Facebook by 12.9% during the 3rd quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock valued at $86,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

In other news, CRO David B. Fischer sold 5,562 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $196.60, for a total value of $1,093,489.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $221.86, for a total value of $57,683.60. Following the transaction, the vice president now owns 1,046 shares in the company, valued at $232,065.56. The disclosure for this sale can be found here. Insiders sold a total of 914,700 shares of company stock worth $174,758,883 over the last three months. Corporate insiders own 14.53% of the company’s stock.

FB has been the subject of several recent research reports. Barclays cut their target price on shares of Facebook from $240.00 to $220.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BMO Capital Markets lowered their price target on shares of Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a report on Thursday, October 31st. Bernstein Bank began coverage on shares of Facebook in a research report on Friday, January 10th. They set an “outperform” rating and a $250.00 price target on the stock. Citigroup reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Facebook in a report on Tuesday, December 3rd. Finally, Wedbush decreased their price objective on shares of Facebook from $265.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $239.26.

Shares of NASDAQ FB opened at $221.44 on Wednesday. The firm has a 50-day simple moving average of $208.20 and a 200-day simple moving average of $194.56. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $631.49 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. Facebook, Inc. has a 52 week low of $142.52 and a 52 week high of $222.38.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The company had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the company earned $1.76 EPS. Facebook’s revenue was up 28.6% compared to the same quarter last year. As a group, equities research analysts expect that Facebook, Inc. will post 8.5 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. 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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