Mariner Wealth Advisors LLC raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,078 shares of the social networking company’s stock after buying an additional 3,960 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Facebook were worth $6,190,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Clifford Swan Investment Counsel LLC lifted its position in Facebook by 26.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 7,074 shares of the social networking company’s stock valued at $1,248,000 after buying an additional 1,500 shares during the period. Itau Unibanco Holding S.A. lifted its position in Facebook by 99.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 6,166 shares of the social networking company’s stock valued at $1,087,000 after buying an additional 3,080 shares during the period. Taylor Hoffman Wealth Management purchased a new position in Facebook during the fourth quarter valued at $103,000. Virtu Financial LLC purchased a new position in Facebook during the fourth quarter valued at $3,668,000. Finally, Worm Capital LLC purchased a new position in Facebook during the fourth quarter valued at $5,133,000. 58.67% of the stock is owned by institutional investors and hedge funds.
In other news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $174.74, for a total transaction of $9,610,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,024 shares of Facebook stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $182.53, for a total value of $6,940,520.72. Following the transaction, the insider now directly owns 465,130 shares in the company, valued at $84,900,178.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,678,454 shares of company stock valued at $2,232,384,900. Corporate insiders own 17.23% of the company’s stock.
Facebook opened at $183.76 on Friday, Marketbeat Ratings reports. The stock has a market cap of $532.20 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.98 and a beta of 0.78. Facebook, Inc. has a 52-week low of $182.76 and a 52-week high of $184.60.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, April 25th. The social networking company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.44. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. equities research analysts anticipate that Facebook, Inc. will post 7.64 earnings per share for the current year.
Several equities analysts have recently issued reports on FB shares. ValuEngine raised Facebook from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Macquarie reaffirmed a “buy” rating and issued a $200.00 price target on shares of Facebook in a research report on Tuesday, March 20th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price target for the company in a research report on Thursday, January 25th. Zacks Investment Research lowered Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Finally, JPMorgan Chase reaffirmed a “buy” rating and issued a $242.00 price target on shares of Facebook in a research report on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average price target of $217.37.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
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