Facebook, Inc. (FB) Shares Bought by American Assets Investment Management LLC

American Assets Investment Management LLC raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 285.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,700 shares of the social networking company’s stock after acquiring an additional 5,700 shares during the period. American Assets Investment Management LLC’s holdings in Facebook were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its position in Facebook by 153.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 121 shares in the last quarter. Jackson Grant Investment Advisers Inc. bought a new position in Facebook in the 4th quarter valued at about $31,000. Signet Investment Advisory Group Inc. bought a new position in Facebook in the 4th quarter valued at about $39,000. Ruggie Capital Group lifted its position in Facebook by 53.8% in the 4th quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock valued at $58,000 after acquiring an additional 156 shares in the last quarter. Finally, Norway Savings Bank lifted its position in Facebook by 28.5% in the 4th quarter. Norway Savings Bank now owns 451 shares of the social networking company’s stock valued at $59,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 60.22% of the company’s stock.

Several equities research analysts have commented on FB shares. Rosenblatt Securities reiterated a “buy” rating and issued a $212.00 price objective (up previously from $206.00) on shares of Facebook in a research note on Thursday, January 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price objective (up previously from $180.00) on shares of Facebook in a research note on Thursday, January 31st. Canaccord Genuity increased their price objective on shares of Facebook from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, January 31st. Deutsche Bank reiterated a “buy” rating and issued a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research note on Thursday, January 31st. Finally, SunTrust Banks increased their price objective on shares of Facebook to $210.00 and gave the company a “buy” rating in a research note on Thursday, January 31st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $206.58.

In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $162.02, for a total value of $121,515.00. Following the completion of the transaction, the vice president now directly owns 101,198 shares of the company’s stock, valued at approximately $16,396,099.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 5,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $160.35, for a total transaction of $849,855.00. Following the completion of the transaction, the insider now directly owns 85,331 shares of the company’s stock, valued at $13,682,825.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,496,562 shares of company stock valued at $264,031,741. 14.53% of the stock is owned by insiders.

Shares of FB stock opened at $186.27 on Thursday. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $218.62. The company has a market cap of $541.11 billion, a PE ratio of 24.61, a P/E/G ratio of 1.12 and a beta of 0.93.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). The company had revenue of $15.08 billion for the quarter, compared to analysts’ expectations of $14.97 billion. Facebook had a return on equity of 23.67% and a net margin of 33.17%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 EPS. Equities analysts forecast that Facebook, Inc. will post 8.05 earnings per share for the current fiscal year.

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Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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