Facebook, Inc. (NASDAQ:FB) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 43.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806 shares of the social networking company’s stock after acquiring an additional 550 shares during the period. NewSquare Capital LLC’s holdings in Facebook were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FB. Capital Advisors Inc. OK raised its stake in Facebook by 8.2% during the fourth quarter. Capital Advisors Inc. OK now owns 1,831 shares of the social networking company’s stock worth $240,000 after purchasing an additional 138 shares during the period. Cerity Partners LLC grew its holdings in Facebook by 16.5% during the 4th quarter. Cerity Partners LLC now owns 497,490 shares of the social networking company’s stock valued at $65,216,000 after purchasing an additional 70,435 shares in the last quarter. Argent Trust Co grew its holdings in Facebook by 12.7% during the 4th quarter. Argent Trust Co now owns 38,578 shares of the social networking company’s stock valued at $5,058,000 after purchasing an additional 4,345 shares in the last quarter. Formidable Asset Management LLC grew its holdings in Facebook by 3.8% during the 4th quarter. Formidable Asset Management LLC now owns 43,190 shares of the social networking company’s stock valued at $5,662,000 after purchasing an additional 1,563 shares in the last quarter. Finally, Element Pointe Advisors LLC acquired a new stake in Facebook during the 4th quarter valued at $521,000. 63.18% of the stock is owned by institutional investors.

FB has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $220.00 price target on shares of Facebook in a report on Monday, July 22nd. Canaccord Genuity raised their price target on shares of Facebook from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Nomura raised their price target on shares of Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Moffett Nathanson raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a report on Tuesday, June 11th. Finally, Credit Suisse Group raised their price target on shares of Facebook from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and forty-three have assigned a buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average price target of $220.92.

In related news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $195.13, for a total value of $10,732,150.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 118,500 shares of Facebook stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $178.00, for a total transaction of $21,093,000.00. The disclosure for this sale can be found here. Insiders sold a total of 3,109,072 shares of company stock valued at $576,446,388 over the last ninety days. Company insiders own 14.53% of the company’s stock.

Shares of NASDAQ FB traded down $2.27 during midday trading on Tuesday, hitting $175.81. The company’s stock had a trading volume of 4,797,664 shares, compared to its average volume of 12,821,712. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. The firm’s fifty day moving average price is $184.42 and its 200-day moving average price is $184.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The firm has a market cap of $504.60 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.03 and a beta of 1.01.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same period in the previous year, the business posted $1.74 EPS. The company’s quarterly revenue was up 27.6% on a year-over-year basis. As a group, research analysts predict that Facebook, Inc. will post 8.03 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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