Taylor Hoffman Wealth Management Purchases 421 Shares of Facebook, Inc. (NASDAQ:FB)

Taylor Hoffman Wealth Management raised its position in Facebook, Inc. (NASDAQ:FB) by 19.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,620 shares of the social networking company’s stock after buying an additional 421 shares during the period. Taylor Hoffman Wealth Management’s holdings in Facebook were worth $467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cantor Fitzgerald Investment Adviser L.P. bought a new position in Facebook during the 2nd quarter worth about $205,000. Green Square Asset Management LLC raised its position in shares of Facebook by 288.0% in the 2nd quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock valued at $2,738,000 after purchasing an additional 10,531 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX raised its position in shares of Facebook by 1.7% in the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock valued at $2,362,000 after purchasing an additional 206 shares during the last quarter. Eastern Bank raised its position in shares of Facebook by 16.4% in the 2nd quarter. Eastern Bank now owns 99,117 shares of the social networking company’s stock valued at $19,130,000 after purchasing an additional 13,934 shares during the last quarter. Finally, Fayez Sarofim & Co raised its position in shares of Facebook by 1.0% in the 2nd quarter. Fayez Sarofim & Co now owns 3,190,182 shares of the social networking company’s stock valued at $615,707,000 after purchasing an additional 32,734 shares during the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

A number of research firms have issued reports on FB. Wells Fargo & Co set a $260.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity raised their price target on shares of Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Pivotal Research reissued a “buy” rating and set a $225.00 price target (up from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Summit Redstone began coverage on shares of Facebook in a research report on Friday, September 27th. They set a “buy” rating for the company. Finally, Susquehanna Bancshares raised their price target on shares of Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $228.33.

FB traded up $0.42 on Friday, hitting $190.84. The company had a trading volume of 10,760,700 shares, compared to its average volume of 16,776,678. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $208.66. The company’s fifty day moving average price is $185.37 and its 200 day moving average price is $187.27. The firm has a market cap of $554.39 billion, a P/E ratio of 25.21, a PEG ratio of 1.10 and a beta of 1.05.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the previous year, the business earned $1.76 EPS. Facebook’s revenue for the quarter was up 28.6% compared to the same quarter last year. On average, analysts predict that Facebook, Inc. will post 8.57 earnings per share for the current year.

In other news, CEO Mark Zuckerberg sold 237,823 shares of Facebook stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $182.75, for a total value of $43,462,153.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $181.62, for a total value of $9,989,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,681,364 shares of company stock worth $867,172,511 over the last 90 days. 14.53% of the stock is owned by company insiders.

Facebook 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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