Tiedemann Wealth Management LLC Boosts Position in Facebook Inc (FB)

Tiedemann Wealth Management LLC boosted its stake in Facebook Inc (NASDAQ:FB) by 10.9% in the 3rd quarter, Holdings Channel reports. The firm owned 24,766 shares of the social networking company’s stock after purchasing an additional 2,431 shares during the period. Tiedemann Wealth Management LLC’s holdings in Facebook were worth $3,929,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after acquiring an additional 8,788,743 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after acquiring an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after acquiring an additional 4,032,727 shares in the last quarter. Magellan Asset Management Ltd grew its stake in shares of Facebook by 28.4% in the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after acquiring an additional 2,361,166 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Facebook by 19.0% in the third quarter. American Century Companies Inc. now owns 11,722,161 shares of the social networking company’s stock worth $2,002,966,000 after acquiring an additional 1,873,961 shares in the last quarter. Hedge funds and other institutional investors own 57.67% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $177.36 on Friday. Facebook Inc has a one year low of $132.90 and a one year high of $195.32. The stock has a market cap of $515,230.81, a PE ratio of 32.91, a PEG ratio of 0.92 and a beta of 0.59.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.58 billion. research analysts expect that Facebook Inc will post 7.28 EPS for the current fiscal year.

In other Facebook news, Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the transaction, the director now directly owns 6,311 shares in the company, valued at $1,129,037.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,209,309 shares of company stock worth $216,556,536. Company insiders own 17.23% of the company’s stock.

Several equities research analysts have recently issued reports on FB shares. Pivotal Research reaffirmed a “sell” rating and set a $152.00 price objective on shares of Facebook in a research report on Monday, February 12th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price objective for the company in a research report on Monday, February 5th. Argus lifted their price objective on shares of Facebook from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho lifted their price objective on shares of Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Goldman Sachs Group set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $214.70.

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Facebook Profile

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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