Fiera Capital Corp Sells 524 Shares of Facebook, Inc. (NASDAQ:FB)

Fiera Capital Corp lessened its stake in Facebook, Inc. (NASDAQ:FB) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,880 shares of the social networking company’s stock after selling 524 shares during the period. Fiera Capital Corp’s holdings in Facebook were worth $6,953,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. TFO TDC LLC purchased a new position in shares of Facebook during the 4th quarter valued at $25,000. Financial Advantage Inc. purchased a new position in shares of Facebook during the 3rd quarter valued at $28,000. American National Bank purchased a new position in shares of Facebook during the 4th quarter valued at $41,000. CXI Advisors purchased a new position in shares of Facebook during the 4th quarter valued at $48,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Facebook during the 4th quarter valued at $57,000. 63.91% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on FB shares. Tigress Financial restated a “buy” rating on shares of Facebook in a research note on Friday, December 27th. Wells Fargo & Co set a $260.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Friday, November 1st. SunTrust Banks restated a “buy” rating and set a $265.00 target price (up previously from $250.00) on shares of Facebook in a research note on Wednesday, January 29th. Raymond James restated a “buy” rating on shares of Facebook in a research note on Thursday, January 30th. Finally, Goldman Sachs Group set a $231.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $245.48.

In related news, Director Peter Thiel sold 53,602 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $210.56, for a total transaction of $11,286,437.12. Following the transaction, the director now directly owns 9,948 shares in the company, valued at approximately $2,094,650.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer Newstead sold 266 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $210.14, for a total transaction of $55,897.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,531 shares of company stock worth $16,696,656. Insiders own 14.53% of the company’s stock.

Facebook stock opened at $213.14 on Friday. The company’s 50-day moving average price is $213.29 and its 200-day moving average price is $195.87. Facebook, Inc. has a twelve month low of $159.28 and a twelve month high of $224.20. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09. The company has a market cap of $607.54 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The firm had revenue of $21.08 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the firm posted $2.38 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts expect that Facebook, Inc. will post 9.28 earnings per share for the current fiscal year.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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