Equitable Holdings Inc. Takes Position in Facebook, Inc. (NASDAQ:FB)

Equitable Holdings Inc. bought a new stake in Facebook, Inc. (NASDAQ:FB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 72,504 shares of the social networking company’s stock, valued at approximately $14,881,000.

A number of other institutional investors have also added to or reduced their stakes in FB. TFO TDC LLC acquired a new position in Facebook during the fourth quarter valued at approximately $25,000. Permanens Capital L.P. purchased a new stake in shares of Facebook in the fourth quarter worth about $28,000. American National Bank purchased a new stake in shares of Facebook in the fourth quarter worth about $41,000. Lighthouse Financial Advisors Inc. purchased a new stake in shares of Facebook in the fourth quarter worth about $41,000. Finally, University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Facebook in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 65.29% of the company’s stock.

In other news, CFO David M. Wehner sold 1,389 shares of Facebook stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $214.18, for a total transaction of $297,496.02. Following the sale, the chief financial officer now owns 32,328 shares of the company’s stock, valued at $6,924,011.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO David B. Fischer sold 11,142 shares of Facebook stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $192.00, for a total value of $2,139,264.00. The disclosure for this sale can be found here. In the last three months, insiders sold 84,067 shares of company stock worth $17,392,181. Company insiders own 14.53% of the company’s stock.

Shares of NASDAQ:FB traded up $4.23 during trading on Thursday, reaching $160.44. 9,454,706 shares of the company’s stock traded hands, compared to its average volume of 29,374,246. The stock has a market capitalization of $445.27 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.03. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $224.20. The company has a 50 day moving average of $189.00 and a 200-day moving average of $195.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.40 and a quick ratio of 4.40.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, beating the Zacks’ consensus estimate of $2.53 by $0.03. The company had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $20.90 billion. Facebook had a return on equity of 19.97% and a net margin of 26.15%. Facebook’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 earnings per share. Equities research analysts predict that Facebook, Inc. will post 8.97 earnings per share for the current fiscal year.

FB has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and set a $230.00 target price on shares of Facebook in a report on Thursday, January 30th. SunTrust Banks dropped their price objective on shares of Facebook from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $230.00 target price on shares of Facebook in a research report on Wednesday, March 18th. Stifel Nicolaus upped their target price on shares of Facebook from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. They noted that the move was a valuation call. Finally, Oppenheimer raised their price target on shares of Facebook from $230.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $243.33.

Facebook 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.

See Also: Net Asset Value

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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