Windsor Capital Management LLC purchased a new stake in shares of Facebook Inc (NASDAQ:FB) during the 4th quarter, Holdings Channel reports. The fund purchased 1,200 shares of the social networking company’s stock, valued at approximately $211,000.
Other large investors have also bought and sold shares of the company. Country Trust Bank increased its position in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook in the 3rd quarter worth about $111,000. Cerebellum GP LLC acquired a new position in Facebook in the 4th quarter worth about $122,000. Interactive Financial Advisors acquired a new position in Facebook in the 4th quarter worth about $142,000. Finally, Liberty Capital Management Inc. acquired a new position in Facebook in the 4th quarter worth about $157,000. 58.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:FB opened at $159.79 on Friday. Facebook Inc has a twelve month low of $138.81 and a twelve month high of $195.32. The company has a market cap of $464,189.94, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 0.86 and a beta of 0.64.
In other Facebook news, CEO Mark Zuckerberg sold 220,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total value of $39,025,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the sale, the insider now owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,030,955 shares of company stock valued at $1,072,294,374. 17.23% of the stock is owned by corporate insiders.
Several brokerages have weighed in on FB. Royal Bank of Canada upped their target price on Facebook to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. UBS set a $214.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Robert W. Baird set a $225.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and issued a $225.00 target price (up from $220.00) on shares of Facebook in a research report on Thursday, February 1st. Finally, JMP Securities set a $235.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average target price of $213.76.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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