Lucia Wealth Services LLC raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 21.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,273 shares of the social networking company’s stock after acquiring an additional 1,445 shares during the period. Lucia Wealth Services LLC’s holdings in Facebook were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FB. Courier Capital LLC grew its position in Facebook by 4.5% in the 3rd quarter. Courier Capital LLC now owns 2,065 shares of the social networking company’s stock valued at $606,000 after acquiring an additional 89 shares during the last quarter. Viridian Ria LLC grew its position in shares of Facebook by 0.9% during the 3rd quarter. Viridian Ria LLC now owns 12,708 shares of the social networking company’s stock worth $3,328,000 after buying an additional 111 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of Facebook by 27.5% during the 3rd quarter. Valmark Advisers Inc. now owns 6,243 shares of the social networking company’s stock worth $1,635,000 after purchasing an additional 1,347 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Facebook by 1.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 776,554 shares of the social networking company’s stock worth $203,379,000 after purchasing an additional 11,169 shares during the last quarter. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Facebook during the 3rd quarter worth $290,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:FB traded down $4.06 during trading hours on Tuesday, reaching $274.90. 147,105 shares of the company traded hands, compared to its average volume of 23,348,664. The firm’s 50-day moving average is $271.39 and its 200-day moving average is $250.20. The stock has a market cap of $794.56 billion, a P/E ratio of 31.77, a P/E/G ratio of 1.69 and a beta of 1.26. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $304.67.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.77. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The company had revenue of $21.47 billion for the quarter, compared to analyst estimates of $19.78 billion. During the same quarter in the prior year, the company posted $2.12 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. As a group, sell-side analysts predict that Facebook, Inc. will post 9.18 EPS for the current year.
In related news, CAO Susan J.S. Taylor sold 1,133 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $296,154.87. Following the transaction, the chief accounting officer now directly owns 4,182 shares of the company’s stock, valued at approximately $1,093,132.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Newstead sold 426 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $253.33, for a total value of $107,918.58. Following the completion of the transaction, the vice president now directly owns 3,008 shares in the company, valued at $762,016.64. The disclosure for this sale can be found here. Insiders sold a total of 171,115 shares of company stock worth $47,419,396 over the last ninety days. Corporate insiders own 14.14% of the company’s stock.
FB has been the topic of a number of research reports. Pivotal Research increased their price objective on Facebook from $225.00 to $275.00 and gave the company a “hold” rating in a report on Friday, July 31st. Canaccord Genuity raised their price objective on Facebook from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, October 30th. BMO Capital Markets raised their target price on Facebook from $220.00 to $225.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. BidaskClub downgraded Facebook from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Moffett Nathanson lifted their price objective on Facebook from $240.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $293.84.
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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