Pekin Singer Strauss Asset Management IL Raises Position in Facebook Inc (NASDAQ:FB)

Pekin Singer Strauss Asset Management IL increased its position in shares of Facebook Inc (NASDAQ:FB) by 53.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,959 shares of the social networking company’s stock after purchasing an additional 3,840 shares during the quarter. Pekin Singer Strauss Asset Management IL’s holdings in Facebook were worth $1,873,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. raised its position in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC raised its position in Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares during the period. Halbert Hargrove Russell LLC raised its position in Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares during the period. Dumont & Blake Investment Advisors LLC raised its position in Facebook by 2.1% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after acquiring an additional 30 shares during the period. Finally, Aspen Investment Management Inc raised its position in Facebook by 0.4% in the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 57.80% of the company’s stock.

Several analysts have commented on the stock. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target on the stock in a research report on Wednesday, January 10th. Aegis boosted their price target on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reissued a “buy” rating and issued a $220.00 price target on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $214.59.

Facebook Inc (NASDAQ FB) traded up $4.53 during mid-day trading on Friday, reaching $176.11. 37,214,470 shares of the company’s stock were exchanged, compared to its average volume of 25,860,000. Facebook Inc has a fifty-two week low of $132.55 and a fifty-two week high of $195.32. The stock has a market cap of $511,600.00, a PE ratio of 32.67, a PEG ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. analysts anticipate that Facebook Inc will post 7.22 earnings per share for the current year.

In other news, VP David B. Fischer sold 5,587 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the sale, the insider now directly owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last three months, insiders sold 1,548,013 shares of company stock valued at $278,500,923. Corporate insiders own 17.23% of the company’s stock.

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About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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