M&R Capital Management Inc. Purchases 75 Shares of Facebook, Inc. (NASDAQ:FB)

M&R Capital Management Inc. raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,062 shares of the social networking company’s stock after acquiring an additional 75 shares during the period. Facebook makes up 1.0% of M&R Capital Management Inc.’s portfolio, making the stock its 28th biggest holding. M&R Capital Management Inc.’s holdings in Facebook were worth $3,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FB. AE Wealth Management LLC lifted its stake in shares of Facebook by 42.6% in the second quarter. AE Wealth Management LLC now owns 82,420 shares of the social networking company’s stock valued at $18,715,000 after buying an additional 24,635 shares during the period. Sarasin & Partners LLP raised its position in Facebook by 223.4% in the second quarter. Sarasin & Partners LLP now owns 256,493 shares of the social networking company’s stock worth $58,242,000 after purchasing an additional 177,179 shares in the last quarter. Donaldson Capital Management LLC raised its position in Facebook by 23.3% in the second quarter. Donaldson Capital Management LLC now owns 1,596 shares of the social networking company’s stock worth $362,000 after purchasing an additional 302 shares in the last quarter. Strategic Wealth Management Group LLC raised its position in Facebook by 0.5% in the second quarter. Strategic Wealth Management Group LLC now owns 9,152 shares of the social networking company’s stock worth $2,078,000 after purchasing an additional 43 shares in the last quarter. Finally, Simmons Bank raised its position in Facebook by 158.8% in the first quarter. Simmons Bank now owns 40,794 shares of the social networking company’s stock worth $6,804,000 after purchasing an additional 25,029 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Shares of NASDAQ FB traded up $4.73 during midday trading on Thursday, reaching $266.63. 19,992,935 shares of the stock were exchanged, compared to its average volume of 23,818,979. The business has a 50-day simple moving average of $269.42 and a two-hundred day simple moving average of $225.53. The company has a market capitalization of $759.58 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 1.75 and a beta of 1.25. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $304.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. The company had revenue of $18.69 billion for the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 22.90%. Equities research analysts anticipate that Facebook, Inc. will post 8.06 earnings per share for the current year.

In related news, VP Jennifer Newstead sold 426 shares of the firm’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $257.95, for a total transaction of $109,886.70. Following the sale, the vice president now directly owns 2,582 shares in the company, valued at $666,026.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Michael Todd Schroepfer sold 112 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $262.09, for a total transaction of $29,354.08. Following the sale, the chief technology officer now owns 498,238 shares in the company, valued at $130,583,197.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,559 shares of company stock worth $9,282,867. 14.14% of the stock is currently owned by company insiders.

Several research analysts recently issued reports on FB shares. Deutsche Bank increased their price target on shares of Facebook from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Monness Crespi & Hardt increased their price target on shares of Facebook from $230.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. BidaskClub lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Credit Suisse Group raised their price objective on shares of Facebook from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $285.00 price objective (up previously from $245.00) on shares of Facebook in a report on Friday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $281.98.

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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