Facebook, Inc. (NASDAQ:FB) Shares Purchased by Chicago Partners Investment Group LLC

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Chicago Partners Investment Group LLC increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 10.5% during the 3rd quarter, Holdings Channel reports. The fund owned 7,522 shares of the social networking company’s stock after purchasing an additional 716 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Facebook were worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Apexium Financial LP lifted its holdings in Facebook by 3.3% in the third quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock valued at $291,000 after buying an additional 36 shares during the period. Trellis Advisors LLC lifted its holdings in Facebook by 1.6% in the third quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock valued at $612,000 after buying an additional 37 shares during the period. Barber Financial Group Inc. lifted its holdings in Facebook by 4.1% in 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. Ellis Investment Partners LLC lifted 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 during the period. Finally, Cadence Bank NA lifted its holdings in Facebook by 1.0% in the third quarter. Cadence Bank NA now owns 4,069 shares of the social networking company’s stock valued at $1,066,000 after buying an additional 39 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on FB shares. Raymond James increased their price objective on shares of Facebook from $280.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, October 30th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Facebook from $305.00 to $325.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Moffett Nathanson increased their price target on shares of Facebook from $240.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Citigroup increased their price target on shares of Facebook from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, August 24th. They noted that the move was a valuation call. Finally, JMP Securities increased their price target on shares of Facebook from $250.00 to $305.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $293.84.

Shares of Facebook stock opened at $276.95 on Monday. The firm has a market capitalization of $788.83 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The firm’s 50 day moving average is $269.96 and its 200 day moving average is $248.88. Facebook, Inc. has a 1 year low of $137.10 and a 1 year high of $304.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.77. The company had revenue of $21.47 billion for the quarter, compared to analyst estimates of $19.78 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 EPS. As a group, equities research analysts predict that Facebook, Inc. will post 9.18 EPS for the current year.

In related news, CFO David M. Wehner sold 1,832 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $261.39, for a total transaction of $478,866.48. Following the transaction, the chief financial officer now owns 22,372 shares in the company, valued at approximately $5,847,817.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer Newstead sold 452 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $273.08, for a total transaction of $123,432.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,291 shares of company stock worth $30,376,998. 14.14% of the stock is owned by corporate insiders.

Facebook Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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