Acima Private Wealth LLC Sells 100 Shares of Facebook, Inc. (NASDAQ:FB)

Acima Private Wealth LLC lowered its stake in shares of Facebook, Inc. (NASDAQ:FB) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,034 shares of the social networking company’s stock after selling 100 shares during the period. Acima Private Wealth LLC’s holdings in Facebook were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. raised its position in shares of Facebook by 3.0% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 165,869 shares of the social networking company’s stock worth $34,045,000 after purchasing an additional 4,861 shares during the period. Benin Management CORP raised its position in shares of Facebook by 3.4% during the fourth quarter. Benin Management CORP now owns 7,360 shares of the social networking company’s stock worth $1,511,000 after purchasing an additional 245 shares during the period. Telos Capital Management Inc. raised its position in shares of Facebook by 10.8% during the fourth quarter. Telos Capital Management Inc. now owns 4,136 shares of the social networking company’s stock worth $849,000 after purchasing an additional 402 shares during the period. Brightworth raised its position in shares of Facebook by 12.3% during the fourth quarter. Brightworth now owns 2,381 shares of the social networking company’s stock worth $489,000 after purchasing an additional 260 shares during the period. Finally, Successful Portfolios LLC raised its position in shares of Facebook by 3.9% during the fourth quarter. Successful Portfolios LLC now owns 2,506 shares of the social networking company’s stock worth $514,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

A number of research firms have recently commented on FB. Summit Redstone began coverage on Facebook in a research report on Friday, September 27th. They set a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $250.00 target price on shares of Facebook in a report on Thursday, October 31st. Credit Suisse Group upped their target price on Facebook from $270.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho reaffirmed a “buy” rating and issued a $240.00 target price on shares of Facebook in a report on Wednesday. Finally, UBS Group upped their target price on Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $240.75.

Shares of Facebook stock opened at $217.94 on Friday. Facebook, Inc. has a one year low of $143.43 and a one year high of $222.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. The stock’s 50-day moving average is $209.45 and its 200 day moving average is $194.90. The firm has a market cap of $626.70 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.16 and a beta of 1.05.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS 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 company had revenue of $17.65 billion for the quarter, compared to analyst estimates 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. On average, sell-side analysts expect that Facebook, Inc. will post 8.5 EPS for the current fiscal year.

In related news, CEO Mark Zuckerberg sold 125,600 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $187.88, for a total transaction of $23,597,728.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO David B. Fischer sold 5,562 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $196.60, for a total value of $1,093,489.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 789,360 shares of company stock worth $151,245,323. 14.53% of the stock is owned by corporate insiders.

Facebook Company Profile

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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