Sowell Financial Services LLC increased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 38,659 shares of the social networking company’s stock after buying an additional 1,645 shares during the period. Sowell Financial Services LLC’s holdings in Facebook were worth $10,560,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Apexium Financial LP boosted its position in Facebook by 3.3% in the 3rd quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock worth $291,000 after purchasing an additional 36 shares in the last quarter. Trellis Advisors LLC boosted its holdings in Facebook by 1.6% during the third quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock worth $612,000 after buying an additional 37 shares in the last quarter. Column Capital Advisors LLC boosted its holdings in Facebook by 1.4% during the third quarter. Column Capital Advisors LLC now owns 2,747 shares of the social networking company’s stock worth $719,000 after buying an additional 37 shares in the last quarter. Barber Financial Group Inc. grew its position in Facebook by 4.1% during the third quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock valued at $256,000 after buying an additional 38 shares during the period. Finally, Ellis Investment Partners LLC increased its holdings in Facebook by 6.3% in the third quarter. Ellis Investment Partners LLC now owns 662 shares of the social networking company’s stock valued at $173,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 59.62% of the company’s stock.
Facebook stock traded up $0.92 during midday trading on Wednesday, reaching $252.01. 928,195 shares of the stock traded hands, compared to its average volume of 19,997,873. The firm has a market cap of $717.80 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The company has a 50-day simple moving average of $273.83 and a two-hundred day simple moving average of $264.79. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $304.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.77. The business had revenue of $21.47 billion for the quarter, compared to analysts’ expectations of $19.78 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. On average, analysts expect that Facebook, Inc. will post 9.39 EPS for the current year.
In other news, VP Jennifer Newstead sold 310 shares of the business’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $268.40, for a total transaction of $83,204.00. Following the completion of the transaction, the vice president now directly owns 1,572 shares of the company’s stock, valued at $421,924.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 44,750 shares of the company’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $265.41, for a total transaction of $11,877,097.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,107,694 shares of company stock worth $304,256,943. 14.14% of the stock is owned by company insiders.
FB has been the topic of a number of analyst reports. Mizuho raised their target price on Facebook from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Barclays boosted their price objective on Facebook from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. MKM Partners upped their price objective on shares of Facebook from $300.00 to $330.00 in a research report on Friday, October 30th. BidaskClub downgraded shares of Facebook from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 6th. Finally, Truist lifted their price objective on Facebook from $285.00 to $310.00 in a report on Friday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Facebook has an average rating of “Buy” and a consensus price target of $299.24.
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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