1,245 Shares in Facebook, Inc. (NASDAQ:FB) Bought by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC acquired a new stake in shares of Facebook, Inc. (NASDAQ:FB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,245 shares of the social networking company’s stock, valued at approximately $283,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Strategic Wealth Management Group LLC lifted its position in Facebook by 0.5% during the second quarter. Strategic Wealth Management Group LLC now owns 9,152 shares of the social networking company’s stock valued at $2,078,000 after purchasing an additional 43 shares during the last quarter. Genesee Capital Advisors LLC lifted its position in Facebook by 1.6% during the second quarter. Genesee Capital Advisors LLC now owns 2,787 shares of the social networking company’s stock valued at $632,000 after purchasing an additional 44 shares during the last quarter. Parisi Gray Wealth Management lifted its position in Facebook by 0.5% during the second quarter. Parisi Gray Wealth Management now owns 9,175 shares of the social networking company’s stock valued at $2,087,000 after purchasing an additional 44 shares during the last quarter. Retirement Network raised its stake in shares of Facebook by 1.4% in the first quarter. Retirement Network now owns 3,519 shares of the social networking company’s stock valued at $587,000 after acquiring an additional 48 shares during the period. Finally, Sun Life Financial INC raised its stake in shares of Facebook by 3.4% in the first quarter. Sun Life Financial INC now owns 1,465 shares of the social networking company’s stock valued at $244,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 65.12% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Facebook from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird increased their target price on shares of Facebook from $240.00 to $300.00 in a research note on Thursday, June 25th. Argus increased their target price on shares of Facebook from $220.00 to $240.00 in a research note on Monday, May 4th. Guggenheim increased their target price on shares of Facebook from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, SunTrust Banks reissued a “buy” rating and issued a $285.00 target price (up previously from $245.00) on shares of Facebook in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus price target of $273.37.

NASDAQ:FB opened at $253.67 on Friday. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $255.85. The stock has a market capitalization of $668.11 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. The company’s 50-day simple moving average is $235.27 and its 200-day simple moving average is $207.59.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The business had revenue of $18.69 billion for the quarter, compared to analysts’ expectations of $17.29 billion. On average, research analysts forecast that Facebook, Inc. will post 7.36 EPS for the current year.

In related news, CFO David M. Wehner sold 11,764 shares of Facebook stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $231.66, for a total value of $2,725,248.24. Following the completion of the sale, the chief financial officer now directly owns 19,412 shares in the company, valued at approximately $4,496,983.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $234.76, for a total transaction of $45,543.44. Following the completion of the sale, the vice president now owns 1,918 shares of the company’s stock, valued at $450,269.68. The disclosure for this sale can be found here. Insiders sold a total of 68,591 shares of company stock valued at $14,894,825 over the last quarter. 14.14% of the stock is owned by company insiders.

Facebook Company 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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