Beaumont Financial Partners LLC boosted its position in Facebook, Inc. (NASDAQ:FB) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,746 shares of the social networking company’s stock after acquiring an additional 675 shares during the period. Beaumont Financial Partners LLC’s holdings in Facebook were worth $9,184,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in FB. TFO TDC LLC purchased a new stake in shares of Facebook in the 4th quarter worth about $25,000. Financial Advantage Inc. purchased a new position in Facebook during the 3rd quarter valued at about $28,000. American National Bank purchased a new position in Facebook during the 4th quarter valued at about $41,000. Lighthouse Financial Advisors Inc. purchased a new position in Facebook during the 4th quarter valued at about $41,000. Finally, CXI Advisors purchased a new position in Facebook during the 4th quarter valued at about $48,000. 63.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of FB stock opened at $213.14 on Friday. The company has a 50 day moving average price of $213.29 and a 200-day moving average price of $195.87. Facebook, Inc. has a 52 week low of $159.28 and a 52 week high of $224.20. The firm has a market capitalization of $607.54 billion, a PE ratio of 33.10, a P/E/G ratio of 1.27 and a beta of 1.05. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09.
Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The firm had revenue of $21.08 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the previous year, the business posted $2.38 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. Analysts anticipate that Facebook, Inc. will post 9.28 earnings per share for the current year.
A number of brokerages recently issued reports on FB. Piper Jaffray Companies began coverage on shares of Facebook in a research report on Tuesday, December 3rd. They set an “overweight” rating and a $230.00 price target for the company. Sanford C. Bernstein reissued a “buy” rating and set a $250.00 price target on shares of Facebook in a research report on Thursday, January 30th. Evercore ISI reissued a “buy” rating and set a $280.00 price target on shares of Facebook in a research report on Thursday, January 30th. Zacks Investment Research cut shares of Facebook from a “hold” rating to a “sell” rating and set a $229.00 price target for the company. in a research report on Friday, January 10th. Finally, Nomura lifted their price target on shares of Facebook from $235.00 to $253.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $245.48.
In related news, CRO David B. Fischer sold 11,638 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $202.00, for a total transaction of $2,350,876.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Newstead sold 266 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $210.14, for a total transaction of $55,897.24. The disclosure for this sale can be found here. Insiders sold 80,531 shares of company stock valued at $16,696,656 over the last quarter. Company insiders own 14.53% of the company’s stock.
Facebook Company Profile
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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