Parisi Gray Wealth Management Has $2.52 Million Stake in Facebook, Inc. (NASDAQ:FB)

Parisi Gray Wealth Management decreased its position in Facebook, Inc. (NASDAQ:FB) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,218 shares of the social networking company’s stock after selling 50 shares during the quarter. Facebook accounts for approximately 1.1% of Parisi Gray Wealth Management’s holdings, making the stock its 21st largest holding. Parisi Gray Wealth Management’s holdings in Facebook were worth $2,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hanlon Investment Management Inc. increased its position in shares of Facebook by 28.0% in the fourth quarter. Hanlon Investment Management Inc. now owns 2,407 shares of the social networking company’s stock valued at $657,000 after acquiring an additional 527 shares during the last quarter. Blair William & Co. IL increased its position in shares of Facebook by 4.1% in the fourth quarter. Blair William & Co. IL now owns 617,460 shares of the social networking company’s stock valued at $168,665,000 after acquiring an additional 24,061 shares during the last quarter. Oakmont Corp increased its position in shares of Facebook by 0.4% in the fourth quarter. Oakmont Corp now owns 193,213 shares of the social networking company’s stock valued at $52,778,000 after acquiring an additional 777 shares during the last quarter. OmniStar Financial Group Inc. increased its position in shares of Facebook by 16.0% in the fourth quarter. OmniStar Financial Group Inc. now owns 4,200 shares of the social networking company’s stock valued at $1,147,000 after acquiring an additional 578 shares during the last quarter. Finally, CI Investments Inc. increased its position in shares of Facebook by 5.5% in the fourth quarter. CI Investments Inc. now owns 1,215,931 shares of the social networking company’s stock valued at $332,144,000 after acquiring an additional 63,462 shares during the last quarter. 64.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FB traded down $2.41 during trading on Tuesday, hitting $257.92. 10,608 shares of the company were exchanged, compared to its average volume of 20,207,424. The business’s 50 day moving average is $265.35 and its 200-day moving average is $270.40. The company has a market capitalization of $734.47 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $304.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 27th. The social networking company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $0.64. The company had revenue of $28.10 million during the quarter, compared to the consensus estimate of $26.43 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.56 earnings per share. On average, equities research analysts expect that Facebook, Inc. will post 9.39 EPS for the current year.

A number of analysts recently issued reports on FB shares. Monness Crespi & Hardt lifted their target price on Facebook from $290.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Moffett Nathanson lifted their price target on Facebook from $285.00 to $325.00 in a report on Friday, January 15th. Cowen lifted their price target on Facebook from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, January 12th. BMO Capital Markets lifted their price target on Facebook from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. Finally, Royal Bank of Canada lifted their price target on Facebook from $320.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $323.98.

In other Facebook news, CEO Mark Zuckerberg sold 62,250 shares of the company’s stock in a transaction on Friday, November 27th. The shares were sold at an average price of $277.06, for a total transaction of $17,246,985.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jennifer Newstead sold 310 shares of the company’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $279.16, for a total transaction of $86,539.60. Following the sale, the vice president now directly owns 3,122 shares in the company, valued at approximately $871,537.52. The disclosure for this sale can be found here. Insiders sold 1,384,833 shares of company stock valued at $374,590,627 over the last 90 days. 14.14% of the stock is currently owned by company insiders.

Facebook Company Profile

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.

See Also: Accumulation/Distribution

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.