Bluestein R H & Co. Cuts Stake in Facebook Inc (FB)

Bluestein R H & Co. decreased its stake in Facebook Inc (NASDAQ:FB) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 357,419 shares of the social networking company’s stock after selling 4,196 shares during the period. Facebook makes up 2.7% of Bluestein R H & Co.’s holdings, making the stock its 13th largest position. Bluestein R H & Co.’s holdings in Facebook were worth $41,121,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FB. Oliver Luxxe Assets LLC raised its position in shares of Facebook by 15.8% in the third quarter. Oliver Luxxe Assets LLC now owns 8,157 shares of the social networking company’s stock valued at $1,046,000 after buying an additional 1,111 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of Facebook by 3,683.7% in the third quarter. Central Bank & Trust Co. now owns 10,897 shares of the social networking company’s stock valued at $1,398,000 after buying an additional 10,609 shares in the last quarter. Sadoff Investment Management LLC raised its position in shares of Facebook by 1.6% in the third quarter. Sadoff Investment Management LLC now owns 1,857 shares of the social networking company’s stock valued at $238,000 after buying an additional 29 shares in the last quarter. Nadler Financial Group Inc. raised its position in shares of Facebook by 2.4% in the third quarter. Nadler Financial Group Inc. now owns 9,339 shares of the social networking company’s stock valued at $1,198,000 after buying an additional 223 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Facebook by 11.9% in the third quarter. Advisory Services Network LLC now owns 40,634 shares of the social networking company’s stock valued at $5,212,000 after buying an additional 4,337 shares in the last quarter. Institutional investors own 57.00% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc (NASDAQ:FB) opened at 140.34 on Friday. The firm’s 50-day moving average is $136.46 and its 200-day moving average is $127.77. The stock has a market capitalization of $405.58 billion, a P/E ratio of 40.18 and a beta of 0.68. Facebook Inc has a 12 month low of $106.31 and a 12 month high of $142.31.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The business earned $8.81 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period last year, the firm posted $0.79 EPS. The company’s revenue was up 50.8% on a year-over-year basis. On average, equities analysts expect that Facebook Inc will post $5.42 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the stock. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $140.41 target price on the stock in a research note on Thursday, February 16th. Evercore ISI reissued a “buy” rating and set a $155.00 target price (down from $165.00) on shares of Facebook in a research note on Friday, December 16th. Credit Suisse Group AG increased their target price on shares of Facebook from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Piper Jaffray Companies set a $150.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, January 5th. Finally, Goldman Sachs Group Inc reissued a “buy” rating and set a $162.00 target price on shares of Facebook in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and four have given a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average price target of $155.49.

In other news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $141.70, for a total transaction of $2,267,200.00. Following the completion of the transaction, the insider now directly owns 181,125 shares in the company, valued at approximately $25,665,412.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Koum sold 88,332 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $140.01, for a total value of $12,367,363.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,837,574 shares of company stock valued at $667,200,263 over the last quarter. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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