Relyea Zuckerberg Hanson LLC Invests $243,000 in Facebook, Inc. (NASDAQ:FB)

Relyea Zuckerberg Hanson LLC purchased a new position in Facebook, Inc. (NASDAQ:FB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,182 shares of the social networking company’s stock, valued at approximately $243,000.

Several other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Facebook by 0.7% during the 3rd quarter. State Street Corp now owns 93,435,833 shares of the social networking company’s stock worth $16,639,053,000 after acquiring an additional 627,442 shares during the period. Nuveen Asset Management LLC boosted its position in Facebook by 5,336.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after acquiring an additional 22,082,561 shares during the period. Parametric Portfolio Associates LLC boosted its position in Facebook by 2.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 8,325,423 shares of the social networking company’s stock worth $1,482,591,000 after acquiring an additional 218,150 shares during the period. Viking Global Investors LP boosted its position in Facebook by 231.7% during the 2nd quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock worth $1,363,295,000 after acquiring an additional 4,934,406 shares during the period. Finally, California Public Employees Retirement System boosted its position in Facebook by 32.6% during the 3rd quarter. California Public Employees Retirement System now owns 5,218,412 shares of the social networking company’s stock worth $929,295,000 after acquiring an additional 1,284,127 shares during the period. Institutional investors own 63.77% of the company’s stock.

Shares of NASDAQ FB opened at $221.15 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a market cap of $624.70 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 1.17 and a beta of 1.05. The business’s 50-day simple moving average is $205.75 and its 200-day simple moving average is $193.71. Facebook, Inc. has a 52 week low of $142.52 and a 52 week high of $222.38.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, equities research analysts forecast that Facebook, Inc. will post 8.48 earnings per share for the current year.

In other Facebook news, CEO Mark Zuckerberg sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.62, for a total value of $1,407,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Susan J.S. Taylor sold 1,133 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total value of $224,991.14. Following the completion of the sale, the chief accounting officer now owns 1,505 shares of the company’s stock, valued at approximately $298,862.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,228,140 shares of company stock valued at $233,184,417. 14.53% of the stock is owned by corporate insiders.

FB has been the subject of several research analyst reports. Zacks Investment Research lowered Facebook from a “hold” rating to a “sell” rating and set a $229.00 price objective for the company. in a report on Friday, January 10th. SunTrust Banks upped their price objective on Facebook from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Evercore ISI reaffirmed a “positive” rating and set a $280.00 target price on shares of Facebook in a report on Monday. They noted that the move was a valuation call. ValuEngine raised Facebook from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 target price on shares of Facebook in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $238.04.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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