Meristem Family Wealth LLC increased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 45.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,629 shares of the social networking company’s stock after buying an additional 1,768 shares during the quarter. Meristem Family Wealth LLC’s holdings in Facebook were worth $939,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of FB. Candriam Luxembourg S.C.A. increased its holdings in Facebook by 4.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 560,106 shares of the social networking company’s stock worth $114,965,000 after purchasing an additional 22,843 shares in the last quarter. Private Advisory Group LLC boosted its position in shares of Facebook by 5.1% during the fourth quarter. Private Advisory Group LLC now owns 42,447 shares of the social networking company’s stock worth $8,712,000 after buying an additional 2,063 shares during the period. Regal Investment Advisors LLC boosted its position in shares of Facebook by 0.8% during the fourth quarter. Regal Investment Advisors LLC now owns 13,655 shares of the social networking company’s stock worth $2,803,000 after buying an additional 113 shares during the period. Wealthcare Capital Management LLC grew its holdings in shares of Facebook by 71.4% during the fourth quarter. Wealthcare Capital Management LLC now owns 437 shares of the social networking company’s stock worth $90,000 after buying an additional 182 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC acquired a new stake in Facebook in the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors own 65.14% of the company’s stock.
In other Facebook news, CRO David B. Fischer sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the sale, the executive now directly owns 57,503 shares in the company, valued at $11,804,790.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $207.43, for a total value of $40,241.42. Following the completion of the sale, the vice president now directly owns 406 shares of the company’s stock, valued at $84,216.58. The disclosure for this sale can be found here. Insiders have sold a total of 55,585 shares of company stock worth $11,885,393 over the last ninety days. Insiders own 14.14% of the company’s stock.
NASDAQ FB traded up $3.09 during trading hours on Monday, reaching $228.18. The company’s stock had a trading volume of 6,082,651 shares, compared to its average volume of 23,960,940. Facebook, Inc. has a 1 year low of $137.10 and a 1 year high of $240.90. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $641.30 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.63 and a beta of 1.17. The firm’s 50-day moving average price is $200.58 and its 200-day moving average price is $197.37.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.07). Facebook had a net margin of 28.57% and a return on equity of 21.54%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.25 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Equities research analysts anticipate that Facebook, Inc. will post 7.27 EPS for the current fiscal year.
FB has been the topic of several recent research reports. Loop Capital lifted their price target on shares of Facebook from $215.00 to $265.00 in a research note on Friday, May 15th. Credit Suisse Group lifted their target price on Facebook from $234.00 to $258.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Stifel Nicolaus increased their price target on Facebook from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wedbush restated an “outperform” rating and issued a $250.00 price target on shares of Facebook in a research note on Thursday, April 16th. Finally, Bank of America boosted their price target on Facebook from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus target price of $242.74.
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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