Facebook Inc (FB) Position Raised by Monetary Management Group Inc.

Monetary Management Group Inc. boosted its stake in shares of Facebook Inc (NASDAQ:FB) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,175 shares of the social networking company’s stock after buying an additional 850 shares during the period. Facebook comprises approximately 1.6% of Monetary Management Group Inc.’s portfolio, making the stock its 13th largest position. Monetary Management Group Inc.’s holdings in Facebook were worth $3,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. PacWest Financial Management Inc boosted its position in Facebook by 1.3% in the third quarter. PacWest Financial Management Inc now owns 10,440 shares of the social networking company’s stock worth $1,339,000 after buying an additional 130 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Facebook by 41.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 501,732 shares of the social networking company’s stock worth $64,357,000 after buying an additional 147,840 shares during the period. Gofen & Glossberg LLC IL boosted its position in Facebook by 2.4% in the third quarter. Gofen & Glossberg LLC IL now owns 140,175 shares of the social networking company’s stock worth $17,980,000 after buying an additional 3,264 shares during the period. Dorsey Wright & Associates boosted its position in Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock worth $6,162,000 after buying an additional 2,275 shares during the period. Finally, E&G Advisors LP boosted its position in Facebook by 0.9% in the third quarter. E&G Advisors LP now owns 10,924 shares of the social networking company’s stock worth $1,401,000 after buying an additional 100 shares during the period. 57.00% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc (NASDAQ:FB) traded down 0.08% on Friday, reaching $143.68. The company had a trading volume of 10,120,503 shares. Facebook Inc has a 12 month low of $106.31 and a 12 month high of $144.25. The stock has a 50 day moving average price of $140.15 and a 200-day moving average price of $129.41. The company has a market capitalization of $415.23 billion, a price-to-earnings ratio of 41.13 and a beta of 0.68. Facebook also was the target of unusually large options trading on Tuesday. Stock investors bought 78,065 put options on the stock. This is an increase of approximately 109% compared to the average daily volume of 37,299 put options.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, February 1st. The social networking company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The business earned $8.81 billion during the quarter, compared to analysts’ expectations of $8.47 billion. Facebook had a return on equity of 19.05% and a net margin of 34.33%. Facebook’s revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts forecast that Facebook Inc will post $5.44 EPS for the current fiscal year.

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FB has been the subject of a number of recent analyst reports. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $129.91 target price for the company in a research note on Monday, January 2nd. Goldman Sachs Group Inc reissued a “buy” rating and set a $162.00 target price on shares of Facebook in a research note on Thursday, December 29th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Facebook in a research note on Wednesday, February 22nd. Stifel Nicolaus reissued a “buy” rating and set a $155.00 price target on shares of Facebook in a research report on Monday, January 30th. Finally, Pivotal Research lowered shares of Facebook from a “buy” rating to a “hold” rating and decreased their price target for the company from $147.00 to $135.00 in a research report on Thursday, February 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-six have issued a buy rating and four have given a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus price target of $157.91.

In related news, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $132.49, for a total transaction of $2,119,840.00. Following the completion of the sale, the insider now owns 153,938 shares of the company’s stock, valued at $20,395,245.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $129.47, for a total value of $97,102.50. Following the sale, the vice president now directly owns 76,209 shares of the company’s stock, valued at approximately $9,866,779.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,012,117 shares of company stock valued at $838,152,309. 19.08% of the stock is currently owned by insiders.

Facebook Company Profile

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.

5 Day Chart for NASDAQ:FB

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