Tiedemann Wealth Management LLC increased its position in shares of Facebook Inc (NASDAQ:FB) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,766 shares of the social networking company’s stock after buying 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 have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Facebook in the third quarter valued at $111,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook in the second quarter valued at approximately $138,000. Stelac Advisory Services LLC purchased a new stake in shares of Facebook in the third quarter valued at approximately $152,000. Odey Holdings AG increased its position in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Facebook during the second quarter worth approximately $165,000. Hedge funds and other institutional investors own 57.32% of the company’s stock.
A number of equities analysts have weighed in on FB shares. Royal Bank of Canada boosted their price objective on Facebook to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. UBS Group set a $214.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and issued a $225.00 price target (up previously from $220.00) on shares of Facebook in a research note on Thursday, February 1st. Finally, JMP Securities set a $235.00 price target on Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $214.70.
In related news, VP David B. Fischer sold 16,621 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,219,330 shares of company stock worth $572,496,651. Corporate insiders own 17.23% of the company’s stock.
Facebook Inc (NASDAQ:FB) traded up $4.30 during midday trading on Friday, reaching $183.29. The company had a trading volume of 18,621,950 shares, compared to its average volume of 28,550,000. Facebook Inc has a 12-month low of $134.16 and a 12-month high of $195.32. The stock has a market cap of $532,460.00, a P/E ratio of 34.01, a P/E/G ratio of 0.95 and a beta of 0.58.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities research analysts forecast that Facebook Inc will post 7.28 EPS for the current year.
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Facebook Company 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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