Close Asset Management Ltd grew its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 361,244 shares of the social networking company’s stock after purchasing an additional 15,084 shares during the period. Facebook, Inc. Common Stock accounts for about 5.7% of Close Asset Management Ltd’s investment portfolio, making the stock its 4th largest position. Close Asset Management Ltd’s holdings in Facebook, Inc. Common Stock were worth $63,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Country Trust Bank boosted its position in shares of Facebook, Inc. Common Stock by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after acquiring an additional 479 shares during the last quarter. Armbruster Capital Management Inc. boosted its position in shares of Facebook, Inc. Common Stock by 358.4% in the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after acquiring an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter worth approximately $103,000. Price Wealth Management Inc. acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter worth approximately $105,000. Finally, Goodman Financial Corp acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter worth approximately $115,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Mark Zuckerberg sold 220,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $179.14, for a total transaction of $39,410,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher K. Cox sold 10,600 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $184.83, for a total transaction of $1,959,198.00. Following the transaction, the insider now directly owns 137,482 shares of the company’s stock, valued at approximately $25,410,798.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,259,074 shares of company stock valued at $2,173,363,237. Corporate insiders own 17.23% of the company’s stock.

A number of research analysts have weighed in on FB shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $168.00 price target on shares of Facebook, Inc. Common Stock in a research report on Thursday, April 12th. Monness Crespi & Hardt started coverage on shares of Facebook, Inc. Common Stock in a research report on Wednesday, April 11th. They set a “buy” rating and a $200.00 price target on the stock. BidaskClub raised shares of Facebook, Inc. Common Stock from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. UBS Group reduced their price target on shares of Facebook, Inc. Common Stock from $214.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, April 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $250.00 price target on shares of Facebook, Inc. Common Stock in a research report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook, Inc. Common Stock currently has a consensus rating of “Buy” and a consensus price target of $217.37.

Shares of Facebook, Inc. Common Stock opened at $191.78 on Friday, according to MarketBeat Ratings. Facebook, Inc. Common Stock has a 1 year low of $144.56 and a 1 year high of $195.32. The firm has a market cap of $539.57 billion, a PE ratio of 31.13, a PEG ratio of 1.00 and a beta of 0.78.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, April 25th. The social networking company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.44. Facebook, Inc. Common Stock had a net margin of 40.03% and a return on equity of 27.74%. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. sell-side analysts expect that Facebook, Inc. Common Stock will post 7.64 EPS for the current year.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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