Facebook, Inc. (FB) Stake Boosted by Fusion Family Wealth LLC
Fusion Family Wealth LLC lifted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 199.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,892 shares of the social networking company’s stock after purchasing an additional 2,593 shares during the quarter. Fusion Family Wealth LLC’s holdings in Facebook were worth $687,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FB. Country Trust Bank grew its stake in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after acquiring an additional 479 shares during the last quarter. Armbruster Capital Management Inc. grew its stake in Facebook by 358.4% in the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after acquiring an additional 448 shares during the last quarter. Price Wealth Management Inc. acquired a new stake in Facebook in the 4th quarter valued at about $105,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Facebook in the 3rd quarter valued at about $111,000. Finally, Goodman Financial Corp acquired a new stake in Facebook in the 4th quarter valued at about $115,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Michael Todd Schroepfer sold 38,050 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $174.39, for a total transaction of $6,635,539.50. Following the completion of the sale, the insider now owns 381,521 shares of the company’s stock, valued at $66,533,447.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 1,636 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $164.46, for a total transaction of $269,056.56. The disclosure for this sale can be found here. Insiders sold 8,351,229 shares of company stock valued at $1,448,257,907 in the last ninety days. 17.23% of the stock is owned by corporate insiders.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 40.03% and a return on equity of 28.42%. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. equities analysts expect that Facebook, Inc. will post 7.11 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. Argus upped their target price on shares of Facebook from $214.00 to $237.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus upgraded shares of Facebook from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $202.00 in a report on Friday. Goldman Sachs restated a “buy” rating and issued a $225.00 target price on shares of Facebook in a report on Thursday. UBS reduced their target price on shares of Facebook from $214.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Raymond James upped their target price on shares of Facebook from $230.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $212.71.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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