Fulton Breakefield Broenniman LLC Acquires 220 Shares of Facebook, Inc. (NASDAQ:FB)

Fulton Breakefield Broenniman LLC grew its position in Facebook, Inc. (NASDAQ:FB) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,464 shares of the social networking company’s stock after purchasing an additional 220 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Facebook were worth $8,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pflug Koory LLC boosted its position in shares of Facebook by 460.8% during the fourth quarter. Pflug Koory LLC now owns 1,217 shares of the social networking company’s stock worth $250,000 after acquiring an additional 1,000 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Facebook by 2.3% during the fourth quarter. Raymond James Trust N.A. now owns 58,929 shares of the social networking company’s stock worth $12,095,000 after acquiring an additional 1,317 shares during the last quarter. Monument Capital Management bought a new position in shares of Facebook during the fourth quarter worth $237,000. Townsend & Associates Inc boosted its position in shares of Facebook by 3.2% during the fourth quarter. Townsend & Associates Inc now owns 7,529 shares of the social networking company’s stock worth $1,620,000 after acquiring an additional 236 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its position in shares of Facebook by 24.6% during the fourth quarter. Legacy Private Trust Co. now owns 16,759 shares of the social networking company’s stock worth $3,439,000 after acquiring an additional 3,310 shares during the last quarter. Institutional investors and hedge funds own 63.77% of the company’s stock.

FB opened at $219.06 on Wednesday. Facebook, Inc. has a 12-month low of $141.27 and a 12-month high of $219.88. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $632.83 billion, a PE ratio of 28.94, a P/E/G ratio of 1.16 and a beta of 1.05. The firm has a 50 day moving average of $205.30 and a two-hundred day moving average of $193.54.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The company had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the firm posted $1.76 EPS. Facebook’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, analysts predict that Facebook, Inc. will post 8.48 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $255.00 price target on shares of Facebook in a research note on Thursday, October 31st. SunTrust Banks upped their price target on shares of Facebook from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Aegis upped their price target on shares of Facebook from $235.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Wedbush decreased their price target on shares of Facebook from $265.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Nomura upped their price target on shares of Facebook from $235.00 to $253.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $236.37.

In other news, CRO David B. Fischer sold 11,638 shares of Facebook stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $202.00, for a total transaction of $2,350,876.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Newstead sold 260 shares of Facebook stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $212.85, for a total transaction of $55,341.00. Following the transaction, the vice president now directly owns 1,306 shares of the company’s stock, valued at $277,982.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,228,140 shares of company stock valued at $233,184,417 over the last three months. 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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