Mark Sheptoff Financial Planning LLC Buys 250 Shares of Facebook, Inc. (NASDAQ:FB)

Mark Sheptoff Financial Planning LLC increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 52.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 726 shares of the social networking company’s stock after acquiring an additional 250 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Facebook were worth $252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baldrige Asset Management LLC bought a new position in shares of Facebook in the second quarter valued at $31,000. Baron Financial Group LLC lifted its stake in shares of Facebook by 71.4% in the first quarter. Baron Financial Group LLC now owns 120 shares of the social networking company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. Paragon Wealth Strategies LLC bought a new position in shares of Facebook in the second quarter valued at $46,000. Horan Securities Inc. lifted its stake in shares of Facebook by 309.1% in the second quarter. Horan Securities Inc. now owns 135 shares of the social networking company’s stock valued at $47,000 after buying an additional 102 shares in the last quarter. Finally, Financial Insights Inc. purchased a new stake in shares of Facebook in the second quarter valued at about $47,000. 65.72% of the stock is currently owned by institutional investors and hedge funds.

In other Facebook news, CEO Mark Zuckerberg sold 77,300 shares of the business’s stock in a transaction dated Wednesday, June 30th. The stock was sold at an average price of $348.84, for a total value of $26,965,332.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 250 shares of the business’s stock in a transaction dated Tuesday, September 21st. The stock was sold at an average price of $358.70, for a total value of $89,675.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,506,590 shares of company stock worth $905,486,162. 14.01% of the stock is currently owned by company insiders.

FB has been the subject of several analyst reports. Argus increased their target price on shares of Facebook from $385.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, June 30th. Bank of America raised their price objective on shares of Facebook from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, July 29th. Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating and set a $409.00 price objective for the company. in a report on Tuesday, June 29th. Raymond James raised their price objective on shares of Facebook from $415.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 29th. Finally, Jefferies Financial Group raised their price objective on shares of Facebook from $425.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, September 17th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Facebook has a consensus rating of “Buy” and a consensus target price of $404.35.

Shares of FB stock traded down $12.76 during mid-day trading on Tuesday, reaching $340.82. 495,176 shares of the company’s stock traded hands, compared to its average volume of 17,483,311. Facebook, Inc. has a 12 month low of $244.61 and a 12 month high of $384.33. The company has a market cap of $960.92 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.11 and a beta of 1.29. The company’s 50-day moving average price is $364.47 and its 200-day moving average price is $335.04.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 28th. The social networking company reported $3.61 EPS for the quarter, beating the Zacks’ consensus estimate of $3.03 by $0.58. The firm had revenue of $29.08 billion for the quarter, compared to analysts’ expectations of $27.93 billion. Facebook had a net margin of 37.17% and a return on equity of 30.09%. On average, sell-side analysts expect that Facebook, Inc. will post 14.1 EPS for the current year.

Facebook Company Profile

Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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