Facebook Inc (FB) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Facebook Inc (NASDAQ:FB) by 4.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 323,203 shares of the social networking company’s stock after purchasing an additional 12,646 shares during the quarter. Facebook accounts for about 1.5% of Oppenheimer & Co. Inc.’s holdings, making the stock its 4th largest holding. Oppenheimer & Co. Inc.’s holdings in Facebook were worth $55,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Palisade Capital Management LLC NJ increased its holdings in shares of Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after buying an additional 602 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after buying an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after buying an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after buying an additional 11,940 shares during the last quarter. Finally, Birinyi Associates Inc. increased its holdings in shares of Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after buying an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 57.80% of the company’s stock.

In other news, Director Jan Koum sold 594,246 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $179.35, for a total value of $106,578,020.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David B. Fischer sold 5,587 shares of Facebook stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,548,013 shares of company stock valued at $278,500,923. Corporate insiders own 17.23% of the company’s stock.

A number of equities analysts have recently commented on FB shares. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays increased their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Atlantic Securities set a $215.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $214.59.

Shares of Facebook Inc (NASDAQ:FB) opened at $176.11 on Friday. The firm has a market cap of $498,578.56, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 0.90 and a beta of 0.59. Facebook Inc has a 12-month low of $132.55 and a 12-month high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. analysts anticipate that Facebook Inc will post 7.22 earnings per share for the current year.

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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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