Benjamin F. Edwards & Company Inc. Sells 990 Shares of Facebook, Inc. (NASDAQ:FB)

Benjamin F. Edwards & Company Inc. lessened its stake in shares of Facebook, Inc. (NASDAQ:FB) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,793 shares of the social networking company’s stock after selling 990 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Facebook were worth $3,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Facebook by 0.9% in the fourth quarter. State Street Corp now owns 94,316,951 shares of the social networking company’s stock valued at $19,358,554,000 after acquiring an additional 881,118 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Facebook by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,764,837 shares of the social networking company’s stock valued at $2,004,233,000 after buying an additional 142,716 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Facebook by 2.7% in the third quarter. Parametric Portfolio Associates LLC now owns 8,325,423 shares of the social networking company’s stock valued at $1,482,591,000 after buying an additional 218,150 shares in the last quarter. California Public Employees Retirement System increased its holdings in Facebook by 8.9% in the fourth quarter. California Public Employees Retirement System now owns 5,685,217 shares of the social networking company’s stock valued at $1,166,891,000 after buying an additional 466,805 shares in the last quarter. Finally, Veritas Asset Management LLP increased its holdings in Facebook by 3.7% in the third quarter. Veritas Asset Management LLP now owns 4,546,925 shares of the social networking company’s stock valued at $809,716,000 after buying an additional 164,000 shares in the last quarter. 63.91% of the stock is owned by institutional investors and hedge funds.

Facebook stock opened at $214.18 on Friday. Facebook, Inc. has a 1 year low of $159.28 and a 1 year high of $224.20. The company’s 50 day simple moving average is $213.45 and its 200-day simple moving average is $195.93. The company has a market capitalization of $610.51 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.40 and a current ratio of 4.40.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities analysts expect that Facebook, Inc. will post 9.28 earnings per share for the current year.

In other Facebook news, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $197.40, for a total transaction of $51,324.00. Following the completion of the transaction, the vice president now owns 6,717 shares in the company, valued at approximately $1,325,935.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total transaction of $224,991.14. Following the transaction, the chief accounting officer now owns 1,505 shares of the company’s stock, valued at approximately $298,862.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,531 shares of company stock worth $16,696,656. 14.53% of the stock is owned by insiders.

Several analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Facebook from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. HSBC assumed coverage on shares of Facebook in a research report on Thursday, December 5th. They issued a “reduce” rating and a $178.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a target price (down previously from ) on shares of Facebook in a research report on Friday, January 31st. Tigress Financial reiterated a “buy” rating on shares of Facebook in a research report on Friday, December 27th. Finally, Deutsche Bank lifted their target price on shares of Facebook from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $245.48.

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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