Facebook, Inc. (NASDAQ:FB) Shares Acquired by Landmark Bank

Landmark Bank lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,557 shares of the social networking company’s stock after purchasing an additional 89 shares during the period. Facebook accounts for about 2.6% of Landmark Bank’s investment portfolio, making the stock its 10th biggest holding. Landmark Bank’s holdings in Facebook were worth $4,017,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FB. Wiley BROS. Aintree Capital LLC lifted its position in Facebook by 10.2% during the 3rd quarter. Wiley BROS. Aintree Capital LLC now owns 3,410 shares of the social networking company’s stock worth $561,000 after acquiring an additional 315 shares during the last quarter. Courier Capital LLC lifted its position in Facebook by 6.9% during the 3rd quarter. Courier Capital LLC now owns 2,653 shares of the social networking company’s stock worth $476,000 after acquiring an additional 171 shares during the last quarter. Centric Wealth Management lifted its position in Facebook by 5.3% during the 3rd quarter. Centric Wealth Management now owns 2,004 shares of the social networking company’s stock worth $350,000 after acquiring an additional 100 shares during the last quarter. First Hawaiian Bank lifted its position in Facebook by 1.4% during the 3rd quarter. First Hawaiian Bank now owns 41,718 shares of the social networking company’s stock worth $7,429,000 after acquiring an additional 556 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in Facebook by 2.1% during the 3rd quarter. North Star Investment Management Corp. now owns 23,138 shares of the social networking company’s stock worth $4,120,000 after acquiring an additional 477 shares during the last quarter. 63.18% of the stock is owned by institutional investors and hedge funds.

NASDAQ FB traded up $1.13 on Friday, reaching $180.52. The company’s stock had a trading volume of 3,798,852 shares, compared to its average volume of 13,748,750. The firm has a market cap of $515.10 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. The business has a 50-day moving average price of $183.72 and a 200 day moving average price of $184.52. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.

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

FB has been the subject of a number of research analyst reports. Pivotal Research reissued a “buy” rating and set a $225.00 target price (up previously from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Nomura boosted their target price on shares of Facebook from $226.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Facebook from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Citigroup boosted their target price on shares of Facebook from $212.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group boosted their target price on shares of Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and forty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $220.92.

In other Facebook news, CEO Mark Zuckerberg sold 118,500 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $177.75, for a total transaction of $21,063,375.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter Thiel sold 22,246 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the sale, the director now directly owns 9,948 shares in the company, valued at $1,810,536. The disclosure for this sale can be found here. In the last three months, insiders sold 3,304,056 shares of company stock worth $610,920,468. 14.53% of the stock is currently owned by insiders.

About Facebook

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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