Sargent Investment Group LLC Has $1.20 Million Stock Position in Facebook, Inc. (NASDAQ:FB)

Sargent Investment Group LLC reduced its stake in Facebook, Inc. (NASDAQ:FB) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,168 shares of the social networking company’s stock after selling 143 shares during the quarter. Sargent Investment Group LLC’s holdings in Facebook were worth $1,196,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Permanens Capital L.P. acquired a new position in shares of Facebook in the fourth quarter worth approximately $28,000. Lighthouse Financial Advisors Inc. purchased a new stake in Facebook during the 4th quarter worth about $41,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in Facebook during the 4th quarter worth about $41,000. Sowa Financial Group Inc. purchased a new stake in Facebook during the 4th quarter worth about $42,000. Finally, FSA Wealth Management LLC purchased a new stake in Facebook during the 4th quarter worth about $44,000. 65.11% of the stock is currently owned by institutional investors.

FB has been the topic of a number of research analyst reports. Jefferies Financial Group set a $250.00 target price on Facebook and gave the stock a “buy” rating in a research note on Thursday, May 21st. Argus increased their price objective on Facebook from $220.00 to $240.00 in a research report on Monday, May 4th. Deutsche Bank lowered Facebook to a “buy” rating and reduced their price objective for the company from $280.00 to $200.00 in a research report on Tuesday, April 21st. JMP Securities increased their price objective on Facebook from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets increased their price objective on Facebook from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $242.80.

In other Facebook news, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares in the company, valued at $703,008.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $240.00, for a total value of $46,560.00. Following the transaction, the vice president now owns 3,664 shares of the company’s stock, valued at approximately $879,360. The disclosure for this sale can be found here. Insiders have sold 55,585 shares of company stock valued at $11,885,393 in the last quarter. 14.14% of the stock is owned by company insiders.

Shares of FB traded down $3.78 on Thursday, reaching $225.36. The stock had a trading volume of 23,027,648 shares, compared to its average volume of 25,718,918. The firm has a market capitalization of $661.56 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. The company has a 50-day simple moving average of $198.18 and a 200-day simple moving average of $197.01. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $240.90.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. On average, analysts expect that Facebook, Inc. will post 7.27 EPS for the current fiscal year.

Facebook Company 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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