Columbia Trust Co 01012016 Purchases 123 Shares of Facebook, Inc. (NASDAQ:FB)

Columbia Trust Co 01012016 lifted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,173 shares of the social networking company’s stock after purchasing an additional 123 shares during the quarter. Columbia Trust Co 01012016’s holdings in Facebook were worth $1,416,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Amundi acquired a new stake in shares of Facebook in the 2nd quarter worth about $1,797,555,000. Macquarie Group Ltd. raised its holdings in shares of Facebook by 664.2% in the 2nd quarter. Macquarie Group Ltd. now owns 4,442,933 shares of the social networking company’s stock worth $1,544,853,000 after acquiring an additional 3,861,530 shares during the last quarter. FMR LLC raised its holdings in shares of Facebook by 1.7% in the 2nd quarter. FMR LLC now owns 127,113,861 shares of the social networking company’s stock worth $44,198,761,000 after acquiring an additional 2,129,463 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Facebook by 621.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,598,599 shares of the social networking company’s stock worth $555,849,000 after acquiring an additional 1,377,049 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in shares of Facebook by 146.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,284,360 shares of the social networking company’s stock worth $794,294,000 after acquiring an additional 1,357,667 shares during the last quarter. 65.74% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on FB. The Goldman Sachs Group set a $445.00 target price on shares of Facebook in a report on Tuesday, October 26th. Credit Suisse Group decreased their price objective on shares of Facebook from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Tuesday, October 26th. Jefferies Financial Group set a $420.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, October 26th. Zacks Investment Research lowered shares of Facebook from a “buy” rating to a “hold” rating and set a $409.00 price objective for the company. in a research note on Wednesday, September 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $385.00 price objective (up previously from $335.00) on shares of Facebook in a research note on Thursday, July 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Facebook presently has a consensus rating of “Buy” and an average target price of $398.00.

In other news, CEO Mark Zuckerberg sold 77,300 shares of the firm’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $370.69, for a total transaction of $28,654,337.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 125 shares of the firm’s stock in a transaction on Tuesday, October 12th. The shares were sold at an average price of $322.84, for a total transaction of $40,355.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,893,113 shares of company stock valued at $660,001,361. Insiders own 14.01% of the company’s stock.

Shares of NASDAQ:FB opened at $341.06 on Thursday. The firm has a fifty day moving average price of $336.80 and a two-hundred day moving average price of $344.31. Facebook, Inc. has a one year low of $244.61 and a one year high of $384.33. The company has a market cap of $948.75 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.22 and a beta of 1.27.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Sunday, October 24th. The social networking company reported $3.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.19 by $0.03. Facebook had a net margin of 35.88% and a return on equity of 30.22%. The firm had revenue of $29.01 billion during the quarter, compared to the consensus estimate of $29.52 billion. During the same period last year, the firm earned $2.71 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Facebook, Inc. will post 13.96 earnings per share for the current fiscal year.

Facebook Company Profile

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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