Community Bank & Trust Waco Texas acquired a new stake in Facebook Inc (NASDAQ:FB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,438 shares of the social networking company’s stock, valued at approximately $430,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Country Trust Bank lifted its holdings in Facebook by 550.6% during the 4th 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 last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook during the 3rd quarter worth $111,000. Liberty Capital Management Inc. bought a new position in Facebook during the 4th quarter worth $157,000. Stelac Advisory Services LLC bought a new position in Facebook during the 3rd quarter worth $152,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Facebook during the 2nd quarter worth $138,000. 58.45% of the stock is owned by institutional investors.
A number of research firms have commented on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research note on Wednesday, January 10th. Aegis raised their price objective on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Citigroup restated a “buy” rating and set a $220.00 price objective on shares of Facebook in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $214.70.
In other Facebook news, Director Jan Koum sold 1,253,906 shares of Facebook stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total transaction of $221,326,948.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total value of $132,172.50. Following the transaction, the vice president now directly owns 82,096 shares in the company, valued at $14,467,778.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,464,805 shares of company stock worth $981,592,439. 17.23% of the stock is currently owned by company insiders.
Shares of Facebook Inc (NASDAQ FB) opened at $172.56 on Tuesday. Facebook Inc has a twelve month low of $137.60 and a twelve month high of $195.32. The firm has a market capitalization of $537,686.44, a price-to-earnings ratio of 32.01, a P/E/G ratio of 0.96 and a beta of 0.64.
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 Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The company had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. equities research analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Community Bank & Trust Waco Texas Invests $430,000 in Facebook Inc (FB)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2018/03/20/community-bank-trust-waco-texas-invests-430000-in-facebook-inc-fb.html.
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.
Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.