Falcon Point Capital LLC Boosts Position in Facebook, Inc. (FB)

Falcon Point Capital LLC raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 44.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,742 shares of the social networking company’s stock after purchasing an additional 533 shares during the period. Falcon Point Capital LLC’s holdings in Facebook were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FB. Country Trust Bank lifted its holdings in shares of 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. lifted its holdings in shares of 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. bought a new position in shares of Facebook in the 4th quarter valued at about $105,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Facebook in the 3rd quarter valued at about $111,000. Finally, Goodman Financial Corp bought a new position in shares of Facebook in the 4th quarter valued at about $115,000. 58.67% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Mark Zuckerberg sold 220,000 shares of Facebook stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.52, for a total transaction of $38,834,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Koum sold 1,263,806 shares of Facebook stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $183.45, for a total transaction of $231,845,210.70. The disclosure for this sale can be found here. Insiders have sold 12,678,454 shares of company stock valued at $2,232,384,900 over the last quarter. Insiders own 17.23% of the company’s stock.

Shares of FB opened at $183.76 on Friday. The company has a market capitalization of $532.20 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 0.98 and a beta of 0.78. Facebook, Inc. has a twelve month low of $182.76 and a twelve month high of $184.60.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, April 25th. The social networking company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.44. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. Facebook had a net margin of 40.03% and a return on equity of 27.74%. Facebook’s revenue was up 49.0% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. equities research analysts anticipate that Facebook, Inc. will post 7.64 EPS for the current year.

A number of research analysts recently commented on FB shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Facebook in a report on Thursday, February 1st. Evercore ISI decreased their price objective on shares of Facebook from $205.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, April 10th. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Macquarie reissued a “buy” rating and issued a $200.00 price objective on shares of Facebook in a research note on Tuesday, March 20th. Finally, JPMorgan Chase set a $242.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $217.37.

About Facebook

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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