NEXT Financial Group Inc cut its holdings in Facebook Inc (NASDAQ:FB) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,844 shares of the social networking company’s stock after selling 9,606 shares during the quarter. Facebook accounts for 2.9% of NEXT Financial Group Inc’s investment portfolio, making the stock its 2nd largest holding. NEXT Financial Group Inc’s holdings in Facebook were worth $6,678,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Country Trust Bank raised its position in shares of Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook during the third quarter worth approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook during the second quarter worth approximately $138,000. Stelac Advisory Services LLC acquired a new position in shares of Facebook during the third quarter worth approximately $152,000. Finally, Liberty Capital Management Inc. acquired a new position in shares of Facebook during the fourth quarter worth approximately $157,000. 58.45% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Mark Zuckerberg sold 220,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total transaction of $39,025,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Todd Schroepfer sold 38,024 shares of the company’s stock in a transaction on 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 approximately $84,900,178.90. The disclosure for this sale can be found here. Insiders sold a total of 4,945,155 shares of company stock valued at $886,119,243 in the last 90 days. Corporate insiders own 17.23% of the company’s stock.
Facebook stock opened at $185.09 on Monday. The stock has a market capitalization of $537,686.44, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64. Facebook Inc has a 12 month low of $137.60 and a 12 month high of $195.32.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts forecast that Facebook Inc will post 7.28 earnings per share for the current year.
A number of equities analysts have recently weighed in on FB shares. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 target price on the stock in a research report on Tuesday, December 19th. MKM Partners upped their target price on Facebook to $240.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Wells Fargo reiterated a “buy” rating and set a $215.00 price target on shares of Facebook in a report on Tuesday, December 5th. BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. set a $242.00 price target on Facebook and gave the stock a “buy” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average target price of $214.70.
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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