Integrated Investment Consultants LLC Buys New Stake in Facebook, Inc. (FB)

Integrated Investment Consultants LLC bought a new stake in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,778 shares of the social networking company’s stock, valued at approximately $1,123,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FB. Cribstone Capital Management LLC lifted its position in shares of Facebook by 186.2% during the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after purchasing an additional 406 shares in the last quarter. IMA Wealth Inc. purchased a new stake in shares of Facebook during the second quarter worth approximately $122,000. Trust Department MB Financial Bank N A purchased a new stake in shares of Facebook during the second quarter worth approximately $134,000. Northwest Wealth Management LLC purchased a new stake in shares of Facebook during the second quarter worth approximately $194,000. Finally, AJ Wealth Strategies LLC purchased a new stake in shares of Facebook during the second quarter worth approximately $216,000. 60.30% of the stock is currently owned by institutional investors.

Shares of FB opened at $146.22 on Wednesday. The company has a market cap of $422.30 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 0.92 and a beta of 0.42. Facebook, Inc. has a 12-month low of $139.03 and a 12-month high of $218.62.

Facebook (NASDAQ:FB) last announced its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The business had revenue of $13.73 billion for the quarter, compared to analyst estimates of $13.82 billion. Facebook had a net margin of 39.31% and a return on equity of 28.16%. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. As a group, research analysts predict that Facebook, Inc. will post 7.06 EPS for the current year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $152.90, for a total transaction of $8,409,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Michael Todd Schroepfer sold 38,037 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $180.72, for a total value of $6,874,046.64. Following the sale, the chief technology officer now directly owns 575,586 shares of the company’s stock, valued at $104,019,901.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,622,884 shares of company stock worth $640,571,897. Insiders own 16.25% of the company’s stock.

A number of research firms recently weighed in on FB. Wells Fargo & Co restated a “buy” rating and set a $220.00 target price (down from $250.00) on shares of Facebook in a research note on Thursday, July 26th. Wedbush restated a “buy” rating and set a $250.00 target price on shares of Facebook in a research note on Thursday, July 26th. Monness Crespi & Hardt cut their target price on shares of Facebook from $225.00 to $205.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Citigroup lowered shares of Facebook to a “buy” rating and cut their target price for the stock from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and set a $215.00 target price (down from $245.00) on shares of Facebook in a research note on Thursday, July 26th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $205.11.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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