Facebook, Inc. (NASDAQ:FB) Shares Bought by NEXT Financial Group Inc

NEXT Financial Group Inc raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,410 shares of the social networking company’s stock after buying an additional 504 shares during the period. NEXT Financial Group Inc’s holdings in Facebook were worth $3,984,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Advantage Inc. purchased a new stake in shares of Facebook in the third quarter valued at approximately $28,000. American National Bank purchased a new position in shares of Facebook during the 4th quarter valued at approximately $41,000. Winthrop Partners WNY LLC purchased a new position in shares of Facebook during the 3rd quarter valued at approximately $58,000. AlphaMark Advisors LLC lifted its position in shares of Facebook by 20.8% during the 3rd quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after buying an additional 80 shares in the last quarter. Finally, Personal Wealth Partners grew its stake in Facebook by 12.9% in the 3rd quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock valued at $86,000 after acquiring an additional 55 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Mark Zuckerberg sold 125,600 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $187.67, for a total transaction of $23,571,352.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 1,133 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total transaction of $224,991.14. Following the transaction, the chief accounting officer now directly owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 914,700 shares of company stock valued at $174,758,883. Insiders own 14.53% of the company’s stock.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $255.00 price target on shares of Facebook in a research note on Thursday, October 31st. Tigress Financial reissued a “buy” rating on shares of Facebook in a report on Friday, December 27th. Piper Jaffray Companies assumed coverage on Facebook in a report on Tuesday, December 3rd. They set an “overweight” rating and a $230.00 target price for the company. Deutsche Bank raised their target price on Facebook from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their price target on Facebook from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $239.26.

Shares of NASDAQ FB opened at $221.44 on Wednesday. The business has a 50-day moving average of $208.20 and a two-hundred day moving average of $194.56. The company has a market capitalization of $631.49 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. Facebook, Inc. has a 1 year low of $142.52 and a 1 year high of $222.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the prior year, the firm posted $1.76 earnings per share. The firm’s revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts expect that Facebook, Inc. will post 8.5 earnings per share for the current year.

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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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