854 Shares in Facebook, Inc. (NASDAQ:FB) Bought by HNP Capital LLC

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HNP Capital LLC purchased a new position in Facebook, Inc. (NASDAQ:FB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 854 shares of the social networking company’s stock, valued at approximately $251,000.

Other hedge funds have also recently modified their holdings of the company. Apexium Financial LP lifted its holdings in shares of Facebook by 3.3% during the third quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Trellis Advisors LLC lifted its holdings in shares of Facebook by 1.6% during the third quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock valued at $612,000 after purchasing an additional 37 shares in the last quarter. Barber Financial Group Inc. lifted its holdings in shares of Facebook by 4.1% during the third quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock valued at $256,000 after purchasing an additional 38 shares in the last quarter. Ellis Investment Partners LLC lifted its holdings in shares of Facebook by 6.3% during the third quarter. Ellis Investment Partners LLC now owns 662 shares of the social networking company’s stock valued at $173,000 after purchasing an additional 39 shares in the last quarter. Finally, Cadence Bank NA lifted its holdings in shares of Facebook by 1.0% during the third quarter. Cadence Bank NA now owns 4,069 shares of the social networking company’s stock valued at $1,066,000 after purchasing an additional 39 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on FB shares. William Blair reaffirmed an “outperform” rating on shares of Facebook in a report on Friday, July 31st. KeyCorp upped their price objective on Facebook from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. 140166 upped their price objective on Facebook from $285.00 to $310.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Citigroup upped their price objective on Facebook from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, August 24th. They noted that the move was a valuation call. Finally, SunTrust Banks reiterated a “buy” rating and set a $285.00 price objective (up previously from $245.00) on shares of Facebook in a research report on Friday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Facebook currently has an average rating of “Buy” and a consensus price target of $293.84.

In related news, CEO Mark Zuckerberg sold 62,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $275.87, for a total transaction of $17,172,907.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO David B. Fischer sold 13,110 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $293.95, for a total value of $3,853,684.50. The disclosure for this sale can be found here. Insiders sold a total of 171,115 shares of company stock valued at $47,419,396 over the last ninety days. Corporate insiders own 14.14% of the company’s stock.

Shares of NASDAQ:FB traded down $4.06 during trading on Tuesday, hitting $274.90. The company had a trading volume of 147,105 shares, compared to its average volume of 23,348,664. The stock has a market cap of $794.56 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. Facebook, Inc. has a one year low of $137.10 and a one year high of $304.67. The company has a fifty day simple moving average of $271.39 and a two-hundred day simple moving average of $250.20.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, October 29th. The social networking company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.77. The business had revenue of $21.47 billion during the quarter, compared to analyst estimates of $19.78 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the company earned $2.12 EPS. As a group, research analysts anticipate that Facebook, Inc. will post 9.18 EPS for the current year.

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Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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