Cobiz Wealth LLC Buys Shares of 59,453 Facebook, Inc. Common Stock (FB)

Cobiz Wealth LLC bought a new position in Facebook, Inc. Common Stock (NASDAQ:FB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 59,453 shares of the social networking company’s stock, valued at approximately $11,553,000. Facebook, Inc. Common Stock makes up approximately 2.3% of Cobiz Wealth LLC’s portfolio, making the stock its 9th largest holding.

Several other large investors have also recently made changes to their positions in FB. Venturi Wealth Management LLC boosted its stake in Facebook, Inc. Common Stock by 8.5% during the 4th quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after purchasing an additional 284 shares during the last quarter. Harvest Group Wealth Management LLC boosted its stake in Facebook, Inc. Common Stock by 2.4% during the 1st quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after purchasing an additional 286 shares during the last quarter. Risk Paradigm Group LLC boosted its stake in Facebook, Inc. Common Stock by 81.4% during the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock valued at $116,000 after purchasing an additional 294 shares during the last quarter. Security National Trust Co. boosted its stake in Facebook, Inc. Common Stock by 2.3% during the 1st quarter. Security National Trust Co. now owns 13,327 shares of the social networking company’s stock valued at $2,129,000 after purchasing an additional 295 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in Facebook, Inc. Common Stock by 1.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 19,555 shares of the social networking company’s stock valued at $3,689,000 after purchasing an additional 300 shares during the last quarter. 60.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook, Inc. Common Stock stock opened at $162.32 on Friday. Facebook, Inc. Common Stock has a one year low of $149.02 and a one year high of $218.62. The firm has a market capitalization of $470.61 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.04 and a beta of 0.49.



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

FB has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a “$210.91” rating and set a $242.00 target price on shares of Facebook, Inc. Common Stock in a research note on Monday, July 23rd. Barclays reiterated a “buy” rating and set a $190.00 target price on shares of Facebook, Inc. Common Stock in a research note on Wednesday, June 27th. Macquarie reiterated a “buy” rating and set a $200.00 target price on shares of Facebook, Inc. Common Stock in a research note on Wednesday, June 27th. Zacks Investment Research upgraded Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating and set a $226.00 target price on the stock in a research note on Tuesday, June 26th. Finally, BidaskClub upgraded Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $206.89.

In other Facebook, Inc. Common Stock news, CEO Mark Zuckerberg sold 240,000 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $216.71, for a total transaction of $52,010,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $163.25, for a total value of $122,437.50. Following the sale, the vice president now directly owns 96,144 shares in the company, valued at $15,695,508. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,876,913 shares of company stock worth $1,906,192,582. 17.23% of the stock is owned by insiders.

Facebook, Inc. Common Stock Company Profile

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.

See Also: Intrinsic Value

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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