Facebook, Inc. Common Stock (FB) is A.R.T. Advisors LLC’s 6th Largest Position

A.R.T. Advisors LLC raised its position in Facebook, Inc. Common Stock (NASDAQ:FB) by 14.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 122,100 shares of the social networking company’s stock after buying an additional 15,400 shares during the period. Facebook, Inc. Common Stock comprises approximately 0.8% of A.R.T. Advisors LLC’s holdings, making the stock its 6th largest holding. A.R.T. Advisors LLC’s holdings in Facebook, Inc. Common Stock were worth $19,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its position in shares of Facebook, Inc. Common Stock by 8.5% in the 4th quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock worth $640,000 after purchasing an additional 284 shares during the last quarter. Harvest Group Wealth Management LLC boosted its position in shares of Facebook, Inc. Common Stock by 2.4% in the 1st quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock worth $1,986,000 after purchasing an additional 286 shares during the last quarter. Risk Paradigm Group LLC boosted its position in shares of Facebook, Inc. Common Stock by 81.4% in the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock worth $116,000 after purchasing an additional 294 shares during the last quarter. Security National Trust Co. boosted its position in shares of Facebook, Inc. Common Stock by 2.3% in the 1st quarter. Security National Trust Co. now owns 13,327 shares of the social networking company’s stock worth $2,129,000 after purchasing an additional 295 shares during the last quarter. Finally, AMG National Trust Bank boosted its position in shares of Facebook, Inc. Common Stock by 14.5% in the 4th quarter. AMG National Trust Bank now owns 2,364 shares of the social networking company’s stock worth $417,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

In related news, CEO Mark Zuckerberg sold 263,210 shares of Facebook, Inc. Common Stock stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $174.21, for a total transaction of $45,853,814.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $187.21, for a total value of $10,296,550.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,545,137 shares of company stock worth $2,435,291,940. 16.25% of the stock is owned by company insiders.

FB opened at $177.46 on Tuesday. Facebook, Inc. Common Stock has a 1 year low of $149.02 and a 1 year high of $218.62. The stock has a market capitalization of $507.34 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.12 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The company had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. Facebook, Inc. Common Stock’s revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 EPS. equities research analysts forecast that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

Several brokerages recently commented on FB. SunTrust Banks dropped their price objective on Facebook, Inc. Common Stock to $200.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $250.00 price objective (up previously from $230.00) on shares of Facebook, Inc. Common Stock in a research note on Monday, July 2nd. Raymond James downgraded Facebook, Inc. Common Stock from a “strong-buy” rating to an “outperform” rating and set a $210.00 price objective on the stock. in a research note on Thursday, July 26th. Tigress Financial reaffirmed a “buy” rating on shares of Facebook, Inc. Common Stock in a research note on Monday, April 30th. Finally, Piper Jaffray Companies raised their price objective on Facebook, Inc. Common Stock to $250.00 and gave the stock an “in-line” rating in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $209.46.

About Facebook, Inc. Common Stock

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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