Ridgewood Investments LLC bought a new stake in shares of Facebook, Inc. (NASDAQ:FB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 985 shares of the social networking company’s stock, valued at approximately $202,000.
Other hedge funds have also recently made changes to their positions in the company. Cavalier Investments LLC lifted its stake in Facebook by 99.9% in the 3rd quarter. Cavalier Investments LLC now owns 1,925 shares of the social networking company’s stock worth $343,000 after acquiring an additional 962 shares in the last quarter. Martin Investment Management LLC lifted its stake in Facebook by 5.2% in the 3rd quarter. Martin Investment Management LLC now owns 66,928 shares of the social networking company’s stock worth $11,919,000 after acquiring an additional 3,294 shares in the last quarter. Green Square Asset Management LLC lifted its stake in Facebook by 288.0% in the 2nd quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock worth $2,738,000 after acquiring an additional 10,531 shares in the last quarter. First Financial Bank Trust Division purchased a new stake in Facebook in the 4th quarter worth about $245,000. Finally, Winthrop Advisory Group LLC lifted its stake in Facebook by 1.9% in the 4th quarter. Winthrop Advisory Group LLC now owns 3,444 shares of the social networking company’s stock worth $707,000 after acquiring an additional 64 shares in the last quarter. 63.77% of the stock is owned by institutional investors and hedge funds.
FB has been the subject of several research analyst reports. Barclays reduced their price objective on Facebook from $240.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Piper Jaffray Companies initiated coverage on Facebook in a research note on Tuesday, December 3rd. They issued an “overweight” rating and a $230.00 price objective for the company. SunTrust Banks increased their price objective on Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Wells Fargo & Co set a $260.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Summit Redstone initiated coverage on Facebook in a research note on Friday, September 27th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $238.04.
Shares of NASDAQ FB opened at $221.15 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a market cap of $624.70 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.17 and a beta of 1.05. The business’s 50-day simple moving average is $205.75 and its 200-day simple moving average is $193.71. Facebook, Inc. has a 52 week low of $142.52 and a 52 week high of $222.38.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.21. The business 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%. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 EPS. As a group, equities research analysts forecast that Facebook, Inc. will post 8.48 earnings per share for the current year.
In other news, VP Jennifer Newstead sold 260 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $212.85, for a total transaction of $55,341.00. Following the transaction, the vice president now owns 1,306 shares of the company’s stock, valued at approximately $277,982.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $198.58, for a total value of $224,991.14. Following the transaction, the chief accounting officer now directly owns 1,505 shares in the company, valued at approximately $298,862.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,228,140 shares of company stock worth $233,184,417. 14.53% of the stock is currently owned by insiders.
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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