Facebook, Inc. (NASDAQ:FB) Stake Lifted by KMG Fiduciary Partners LLC


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KMG Fiduciary Partners LLC raised its stake in Facebook, Inc. (NASDAQ:FB) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,838 shares of the social networking company’s stock after buying an additional 1,722 shares during the quarter. Facebook accounts for approximately 1.2% of KMG Fiduciary Partners LLC’s holdings, making the stock its 23rd biggest holding. KMG Fiduciary Partners LLC’s holdings in Facebook were worth $5,917,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Eastern Bank increased its stake in Facebook by 8.6% during the 2nd quarter. Eastern Bank now owns 121,835 shares of the social networking company’s stock valued at $27,665,000 after buying an additional 9,649 shares during the period. United Bank boosted its position in shares of Facebook by 37.0% during the 2nd quarter. United Bank now owns 3,222 shares of the social networking company’s stock valued at $732,000 after purchasing an additional 870 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Facebook by 4.8% in the 2nd quarter. Principal Financial Group Inc. now owns 5,185,553 shares of the social networking company’s stock worth $1,177,484,000 after purchasing an additional 235,826 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Facebook by 22.6% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 10,807 shares of the social networking company’s stock worth $2,454,000 after purchasing an additional 1,992 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Facebook by 15.0% during the second quarter. Sequoia Financial Advisors LLC now owns 12,361 shares of the social networking company’s stock valued at $2,807,000 after purchasing an additional 1,616 shares during the last quarter. Institutional investors own 59.62% of the company’s stock.

Shares of NASDAQ FB traded up $0.32 during mid-day trading on Wednesday, reaching $251.41. 849,608 shares of the company traded hands, compared to its average volume of 19,997,873. The company’s fifty day moving average is $273.83 and its two-hundred day moving average is $264.79. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $304.67. The stock has a market cap of $716.09 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19.

Facebook (NASDAQ:FB) last announced its earnings results on Thursday, October 29th. The social networking company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.77. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The firm had revenue of $21.47 billion during the quarter, compared to analysts’ expectations of $19.78 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. As a group, sell-side analysts predict that Facebook, Inc. will post 9.39 earnings per share for the current year.

FB has been the topic of several research reports. Royal Bank of Canada upped their price target on Facebook from $320.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, October 30th. UBS Group set a $330.00 target price on Facebook and gave the company a “buy” rating in a report on Friday, October 30th. The Goldman Sachs Group set a $330.00 price target on Facebook and gave the company a “buy” rating in a research report on Monday, January 4th. MKM Partners boosted their price objective on Facebook from $300.00 to $330.00 in a report on Friday, October 30th. Finally, Jefferies Financial Group upped their price objective on shares of Facebook from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $299.24.

In other Facebook news, CEO Mark Zuckerberg sold 62,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $275.87, for a total value of $17,172,907.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO David B. Fischer sold 13,118 shares of Facebook stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $276.02, for a total value of $3,620,830.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,107,694 shares of company stock valued at $304,256,943. 14.14% of the stock is owned by insiders.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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