Rational Advisors LLC Takes Position in Facebook, Inc. (FB)

Rational Advisors LLC purchased a new stake in Facebook, Inc. (NASDAQ:FB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,251 shares of the social networking company’s stock, valued at approximately $1,095,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hartford Financial Management Inc. grew its position in Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares in the last quarter. Enterprise Financial Services Corp grew its position in Facebook by 1.0% during the 1st quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock worth $302,000 after purchasing an additional 21 shares in the last quarter. Wagner Bowman Management Corp grew its position in Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after purchasing an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its position in Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after purchasing an additional 30 shares in the last quarter. Finally, Keel Point LLC grew its position in Facebook by 1.5% during the 1st quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock worth $325,000 after purchasing an additional 34 shares in the last quarter. 57.27% of the stock is currently owned by institutional investors.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Tuesday, October 31st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share.

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In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $169.95, for a total transaction of $2,719,200.00. Following the completion of the sale, the insider now directly owns 180,871 shares in the company, valued at approximately $30,739,026.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,306,683 shares of company stock valued at $1,441,300,245. 19.08% of the stock is owned by insiders.

Several equities analysts have weighed in on the stock. Aegis lifted their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reiterated a “buy” rating and set a $190.00 price objective on shares of Facebook in a research report on Tuesday. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Monday. Monness Crespi & Hardt upgraded shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Friday, October 27th. Finally, BidaskClub cut shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $188.91.

About Facebook

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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