Goodman Financial Corp Acquires New Position in Facebook, Inc. (FB)

Goodman Financial Corp acquired a new stake in shares of Facebook, Inc. (NASDAQ:FB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 653 shares of the social networking company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FB. Regal Investment Advisors LLC increased its position in Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after purchasing an additional 18 shares during the last quarter. Aspen Investment Management Inc increased its stake in Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after buying an additional 30 shares during the period. First Commonwealth Financial Corp PA increased its stake in Facebook by 0.5% during the 2nd quarter. First Commonwealth Financial Corp PA now owns 8,630 shares of the social networking company’s stock valued at $1,303,000 after buying an additional 46 shares during the period. Affinity Wealth Management increased its stake in Facebook by 2.5% during the 2nd quarter. Affinity Wealth Management now owns 2,184 shares of the social networking company’s stock valued at $330,000 after buying an additional 54 shares during the period. Finally, Odey Holdings AG increased its stake in Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the period. 58.47% of the stock is currently owned by institutional investors and hedge funds.

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Facebook stock opened at $168.66 on Wednesday. The company has a market capitalization of $477,930.63, a PE ratio of 27.38, a PEG ratio of 0.89 and a beta of 0.80. Facebook, Inc. has a fifty-two week low of $140.61 and a fifty-two week high of $195.32.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. research analysts predict that Facebook, Inc. will post 7.13 EPS for the current year.

Several equities analysts have commented on the stock. BidaskClub raised shares of Facebook from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. MED assumed coverage on shares of Facebook in a research note on Wednesday, April 11th. They set a “buy” rating and a $165.04 target price on the stock. Stifel Nicolaus reissued a “hold” rating and set a $168.00 target price on shares of Facebook in a research note on Thursday, April 12th. Monness Crespi & Hardt assumed coverage on shares of Facebook in a research note on Wednesday, April 11th. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $170.00 price objective (down previously from $175.00) on shares of Facebook in a research note on Monday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $209.83.

In related news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total transaction of $9,748,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David B. Fischer sold 5,587 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was 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 90 days, insiders have sold 7,102,678 shares of company stock valued at $1,241,324,653. 17.23% of the stock is currently owned by corporate insiders.

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Facebook 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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