Aprio Wealth Management LLC Acquires 35 Shares of Facebook, Inc. (NASDAQ:FB)

Aprio Wealth Management LLC grew its position in shares of Facebook, Inc. (NASDAQ:FB) by 5.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 640 shares of the social networking company’s stock after acquiring an additional 35 shares during the period. Aprio Wealth Management LLC’s holdings in Facebook were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FB. Atalanta Sosnoff Capital LLC boosted its stake in Facebook by 7.4% during the 3rd quarter. Atalanta Sosnoff Capital LLC now owns 528,100 shares of the social networking company’s stock valued at $179,232,000 after purchasing an additional 36,592 shares during the last quarter. Columbia Trust Co 01012016 boosted its stake in Facebook by 3.0% during the 3rd quarter. Columbia Trust Co 01012016 now owns 4,173 shares of the social networking company’s stock valued at $1,416,000 after purchasing an additional 123 shares during the last quarter. BEAM Asset Management LLC boosted its stake in Facebook by 5.5% during the 3rd quarter. BEAM Asset Management LLC now owns 3,949 shares of the social networking company’s stock valued at $1,340,000 after purchasing an additional 205 shares during the last quarter. Hollencrest Capital Management boosted its stake in Facebook by 36.0% during the 3rd quarter. Hollencrest Capital Management now owns 11,241 shares of the social networking company’s stock valued at $3,815,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Asset Management Corp IL ADV lifted its holdings in shares of Facebook by 3.1% during the 3rd quarter. Asset Management Corp IL ADV now owns 11,688 shares of the social networking company’s stock valued at $3,967,000 after buying an additional 354 shares during the period. Hedge funds and other institutional investors own 65.74% of the company’s stock.

In other news, insider Jennifer Newstead sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $338.82, for a total value of $84,705.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 77,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $382.34, for a total transaction of $29,554,882.00. The disclosure for this sale can be found here. Insiders sold a total of 1,893,113 shares of company stock worth $660,001,361 over the last ninety days. Insiders own 14.01% of the company’s stock.

Facebook stock opened at $341.06 on Thursday. Facebook, Inc. has a 52-week low of $244.61 and a 52-week high of $384.33. The company’s 50 day moving average is $336.80 and its two-hundred day moving average is $344.31. The firm has a market cap of $948.75 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Sunday, October 24th. The social networking company reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.19 by $0.03. Facebook had a net margin of 35.88% and a return on equity of 30.22%. The business had revenue of $29.01 billion for the quarter, compared to analyst estimates of $29.52 billion. During the same period last year, the business earned $2.71 EPS. The company’s revenue was up 35.1% on a year-over-year basis. Analysts predict that Facebook, Inc. will post 13.96 EPS for the current year.

Several equities analysts have recently weighed in on FB shares. Barclays lowered their price target on Facebook from $430.00 to $420.00 and set an “overweight” rating on the stock in a report on Tuesday, October 26th. JMP Securities reaffirmed an “outperform” rating and issued a $400.00 target price (down from $425.00) on shares of Facebook in a report on Tuesday, October 26th. Tigress Financial raised their target price on Facebook from $430.00 to $466.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 13th. JPMorgan Chase & Co. set a $390.00 price target on Facebook in a research note on Monday, November 1st. Finally, Evercore ISI reiterated a “buy” rating and issued a $430.00 price target on shares of Facebook in a research note on Sunday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Facebook presently has an average rating of “Buy” and a consensus target price of $398.00.

Facebook Company Profile

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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