M&R Capital Management Inc. Has $3.17 Million Position in Facebook, Inc. (NASDAQ:FB)

M&R Capital Management Inc. lowered its position in Facebook, Inc. (NASDAQ:FB) by 22.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,771 shares of the social networking company’s stock after selling 3,079 shares during the quarter. M&R Capital Management Inc.’s holdings in Facebook were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FB. Norges Bank bought a new stake in Facebook in the fourth quarter valued at approximately $8,021,574,000. Morgan Stanley boosted its holdings in Facebook by 44.5% in the fourth quarter. Morgan Stanley now owns 30,382,192 shares of the social networking company’s stock valued at $8,299,199,000 after acquiring an additional 9,362,408 shares during the last quarter. SB Management Ltd bought a new stake in Facebook in the third quarter valued at approximately $2,222,276,000. Itau Unibanco Holding S.A. boosted its holdings in Facebook by 1,791.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 7,405,858 shares of the social networking company’s stock valued at $18,849,000 after acquiring an additional 7,014,302 shares during the last quarter. Finally, Cibc World Markets Corp boosted its holdings in Facebook by 357.0% in the fourth quarter. Cibc World Markets Corp now owns 4,219,334 shares of the social networking company’s stock valued at $1,152,553,000 after acquiring an additional 3,296,086 shares during the last quarter. 64.95% of the stock is owned by institutional investors.

In related news, CFO David M. Wehner sold 678 shares of the business’s stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $289.99, for a total value of $196,613.22. Following the sale, the chief financial officer now directly owns 34,425 shares in the company, valued at approximately $9,982,905.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 44,750 shares of the business’s stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $265.41, for a total value of $11,877,097.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,360,094 shares of company stock valued at $367,003,658. Insiders own 14.14% of the company’s stock.

FB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Facebook from $355.00 to $385.00 and gave the company a “buy” rating in a report on Monday, March 29th. Raymond James increased their price target on Facebook from $320.00 to $360.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 28th. Citigroup increased their price target on Facebook from $315.00 to $320.00 in a report on Monday, February 1st. MKM Partners increased their price target on Facebook from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, January 28th. Finally, Oppenheimer increased their price target on Facebook from $345.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $327.15.

Shares of Facebook stock traded up $5.36 during trading hours on Wednesday, hitting $311.62. 444,406 shares of the company’s stock traded hands, compared to its average volume of 20,796,809. Facebook, Inc. has a 12-month low of $166.01 and a 12-month high of $311.35. The stock has a market capitalization of $887.39 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.29 and a beta of 1.18. The company has a fifty day simple moving average of $274.84 and a 200-day simple moving average of $271.01.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 27th. The social networking company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.64. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The firm had revenue of $28.10 million during the quarter, compared to analyst estimates of $26.43 billion. During the same period last year, the firm posted $2.56 EPS. The business’s revenue was up 33.2% compared to the same quarter last year. Sell-side analysts anticipate that Facebook, Inc. will post 9.39 earnings per share for the current fiscal year.

About Facebook

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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