Resonant Capital Advisors LLC Makes New Investment in Facebook, Inc. (NASDAQ:FB)

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Resonant Capital Advisors LLC acquired a new position in Facebook, Inc. (NASDAQ:FB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,199 shares of the social networking company’s stock, valued at approximately $246,000.

Other hedge funds also recently bought and sold shares of the company. KCS Wealth Advisory boosted its holdings in Facebook by 0.6% during the 4th quarter. KCS Wealth Advisory now owns 7,384 shares of the social networking company’s stock valued at $1,516,000 after acquiring an additional 46 shares during the period. Strategic Blueprint LLC lifted its holdings in Facebook by 3.8% during the fourth quarter. Strategic Blueprint LLC now owns 1,346 shares of the social networking company’s stock worth $276,000 after buying an additional 49 shares during the period. Northstar Group Inc. increased its holdings in shares of Facebook by 0.3% in the 4th quarter. Northstar Group Inc. now owns 15,059 shares of the social networking company’s stock valued at $3,092,000 after acquiring an additional 50 shares during the period. Navellier & Associates Inc increased its holdings in shares of Facebook by 2.5% in the 4th quarter. Navellier & Associates Inc now owns 2,050 shares of the social networking company’s stock valued at $421,000 after acquiring an additional 50 shares during the period. Finally, InterOcean Capital LLC increased its holdings in shares of Facebook by 0.8% in the 4th quarter. InterOcean Capital LLC now owns 6,688 shares of the social networking company’s stock valued at $1,373,000 after acquiring an additional 50 shares during the period. Institutional investors own 65.29% of the company’s stock.

NASDAQ FB traded up $7.13 during mid-day trading on Thursday, hitting $163.34. The stock had a trading volume of 26,546,748 shares, compared to its average volume of 21,086,205. The firm’s 50 day moving average is $189.00 and its 200 day moving average is $195.35. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $224.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a market capitalization of $457.28 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.04 and a beta of 1.03.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.03. The business had revenue of $21.08 billion during the quarter, compared to analyst estimates of $20.90 billion. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 earnings per share. As a group, equities research analysts expect that Facebook, Inc. will post 8.97 earnings per share for the current year.

A number of research firms recently commented on FB. Monness Crespi & Hardt decreased their target price on shares of Facebook from $260.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James reissued a “buy” rating on shares of Facebook in a report on Thursday, January 30th. Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating and dropped their price target for the stock from $215.00 to $180.00 in a research note on Tuesday, February 11th. Sanford C. Bernstein restated a “buy” rating and set a $250.00 price objective on shares of Facebook in a report on Thursday, January 30th. Finally, Rosenblatt Securities increased their price objective on shares of Facebook from $244.00 to $263.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and forty-six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $241.88.

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 value of $11,286,437.12. Following the completion of the sale, the director now owns 9,948 shares of the company’s stock, valued at $2,094,650.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $221.86, for a total transaction of $57,683.60. Following the completion of the sale, the vice president now directly owns 1,046 shares of the company’s stock, valued at approximately $232,065.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,067 shares of company stock valued at $17,392,181. 14.53% of the stock is owned by corporate insiders.

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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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