Transcend Wealth Collective LLC Makes New $2.77 Million Investment in Facebook, Inc. (NASDAQ:FB)

Transcend Wealth Collective LLC bought a new position in shares of Facebook, Inc. (NASDAQ:FB) in the fourth quarter, Holdings Channel reports. The firm bought 13,508 shares of the social networking company’s stock, valued at approximately $2,773,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KCS Wealth Advisory lifted its position in Facebook by 0.6% during the 4th quarter. KCS Wealth Advisory now owns 7,384 shares of the social networking company’s stock worth $1,516,000 after buying an additional 46 shares in the last quarter. Strategic Blueprint LLC lifted its position in Facebook by 3.8% during the 4th quarter. Strategic Blueprint LLC now owns 1,346 shares of the social networking company’s stock worth $276,000 after buying an additional 49 shares in the last quarter. Northstar Group Inc. lifted its position in Facebook by 0.3% during the 4th quarter. Northstar Group Inc. now owns 15,059 shares of the social networking company’s stock worth $3,092,000 after buying an additional 50 shares in the last quarter. Navellier & Associates Inc lifted its position in Facebook by 2.5% during the 4th quarter. Navellier & Associates Inc now owns 2,050 shares of the social networking company’s stock worth $421,000 after buying an additional 50 shares in the last quarter. Finally, InterOcean Capital LLC lifted its position in Facebook by 0.8% during the 4th quarter. InterOcean Capital LLC now owns 6,688 shares of the social networking company’s stock worth $1,373,000 after buying an additional 50 shares in the last quarter. 65.29% of the stock is owned by hedge funds and other institutional investors.

FB traded up $7.13 on Thursday, reaching $163.34. The company had a trading volume of 26,546,748 shares, compared to its average volume of 21,086,205. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $224.20. The stock has a market cap of $457.28 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.04 and a beta of 1.03. The company’s fifty day moving average is $187.93 and its 200 day moving average is $195.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.40 and a current ratio of 4.40.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $2.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.53 by $0.03. The firm had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $20.90 billion. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 EPS. On average, sell-side analysts expect that Facebook, Inc. will post 8.97 EPS for the current year.

Several brokerages have commented on FB. Raymond James reissued a “buy” rating on shares of Facebook in a research report on Thursday, January 30th. Tigress Financial reissued a “buy” rating on shares of Facebook in a research report on Friday, December 27th. Loop Capital restated a “buy” rating and set a $245.00 price objective on shares of Facebook in a research note on Thursday, January 30th. Wedbush restated an “outperform” rating and set a $250.00 price objective on shares of Facebook in a research note on Tuesday, March 17th. Finally, Monness Crespi & Hardt lowered their price objective on shares of Facebook from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $241.88.

In other Facebook news, CRO David B. Fischer sold 11,142 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $192.00, for a total value of $2,139,264.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Thiel sold 53,602 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $210.56, for a total transaction of $11,286,437.12. Following the completion of the sale, the director now directly owns 9,948 shares of the company’s stock, valued at approximately $2,094,650.88. The disclosure for this sale can be found here. Insiders sold a total of 84,067 shares of company stock valued at $17,392,181 in the last three months. Insiders own 14.53% of the company’s stock.

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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