Baxter Bros Inc. lowered its holdings in Facebook, Inc. (NASDAQ:FB) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,699 shares of the social networking company’s stock after selling 471 shares during the quarter. Baxter Bros Inc.’s holdings in Facebook were worth $3,427,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Financial Advantage Inc. purchased a new position in shares of Facebook in the third quarter valued at $28,000. Winthrop Partners WNY LLC purchased a new position in shares of Facebook in the third quarter valued at $58,000. AlphaMark Advisors LLC increased its position in shares of Facebook by 20.8% in the third quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after buying an additional 80 shares in the last quarter. Personal Wealth Partners increased its position in shares of Facebook by 12.9% in the third 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 in the last quarter. Finally, Enterprise Trust & Investment Co increased its position in shares of Facebook by 393.9% in the third quarter. Enterprise Trust & Investment Co now owns 489 shares of the social networking company’s stock valued at $87,000 after buying an additional 390 shares in the last quarter. 63.76% of the stock is owned by institutional investors.
In other Facebook news, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $212.85, for a total value of $55,341.00. Following the transaction, the vice president now directly owns 1,306 shares of the company’s stock, valued at approximately $277,982.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 118,500 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $183.62, for a total value of $21,758,970.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,472,240 shares of company stock worth $278,644,107 over the last three months. 14.53% of the stock is currently owned by corporate insiders.
A number of analysts recently commented on FB shares. DZ Bank reiterated a “buy” rating on shares of Facebook in a research report on Thursday, October 31st. Bernstein Bank started coverage on Facebook in a research report on Friday. They set an “outperform” rating and a $250.00 price objective for the company. Tigress Financial reiterated a “buy” rating on shares of Facebook in a research report on Friday, December 27th. Summit Insights started coverage on Facebook in a research report on Friday, September 27th. They set a “buy” rating for the company. Finally, Aegis lifted their price objective on Facebook from $235.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and forty-five have issued a buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average price target of $234.20.
Facebook stock traded up $0.93 during midday trading on Friday, hitting $219.23. 7,220,261 shares of the company were exchanged, compared to its average volume of 13,129,395. The company’s fifty day moving average price is $203.29 and its 200-day moving average price is $192.83. The company has a market cap of $623.87 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. Facebook, Inc. has a fifty-two week low of $140.84 and a fifty-two week high of $218.38.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.91 by $0.21. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. Facebook’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. On average, analysts expect that Facebook, Inc. will post 8.48 EPS for the current fiscal year.
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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.
