Facebook, Inc. (NASDAQ:FB) Stock Position Raised by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 27.4% in the first quarter, Holdings Channel reports. The firm owned 10,929 shares of the social networking company’s stock after buying an additional 2,349 shares during the period. Capital Asset Advisory Services LLC’s holdings in Facebook were worth $3,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RBA Wealth Management LLC bought a new position in shares of Facebook in the 1st quarter valued at approximately $25,000. ADE LLC bought a new position in shares of Facebook in the 4th quarter valued at approximately $27,000. TFO TDC LLC bought a new position in shares of Facebook in the 1st quarter valued at approximately $29,000. Baron Financial Group LLC raised its stake in shares of Facebook by 71.4% in the 1st quarter. Baron Financial Group LLC now owns 120 shares of the social networking company’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. Finally, Albion Financial Group UT bought a new position in shares of Facebook in the 4th quarter valued at approximately $39,000. 65.63% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on FB shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating and issued a $320.00 price objective on shares of Facebook in a research note on Monday, May 17th. Wedbush lifted their price target on Facebook from $340.00 to $355.00 and gave the stock a “neutral” rating in a research report on Thursday, April 29th. HSBC lifted their price target on Facebook from $220.00 to $275.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 25th. Monness Crespi & Hardt lifted their price target on Facebook from $375.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, April 29th. Finally, JMP Securities lifted their price target on Facebook from $355.00 to $395.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $370.93.

In other news, CEO Mark Zuckerberg sold 77,300 shares of the business’s stock in a transaction on Wednesday, June 23rd. The stock was sold at an average price of $341.07, for a total transaction of $26,364,711.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Newstead sold 250 shares of the business’s stock in a transaction on Thursday, May 20th. The stock was sold at an average price of $313.36, for a total value of $78,340.00. Following the sale, the vice president now owns 9,890 shares of the company’s stock, valued at approximately $3,099,130.40. The disclosure for this sale can be found here. In the last three months, insiders sold 2,280,267 shares of company stock worth $725,465,985. Insiders own 14.01% of the company’s stock.

FB stock traded up $3.60 during trading on Thursday, hitting $344.19. The company had a trading volume of 346,370 shares, compared to its average volume of 19,284,221. The firm’s fifty day moving average is $320.47. The stock has a market capitalization of $975.94 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.25 and a beta of 1.30. Facebook, Inc. has a fifty-two week low of $207.11 and a fifty-two week high of $343.42.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, April 28th. The social networking company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.94. The company had revenue of $26.20 billion for the quarter, compared to analyst estimates of $23.61 billion. Facebook had a return on equity of 27.54% and a net margin of 35.74%. The business’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. As a group, equities analysts anticipate that Facebook, Inc. will post 13.18 earnings per share 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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