Cetera Investment Advisers Purchases 3,687 Shares of Facebook, Inc. (NASDAQ:FB)

Cetera Investment Advisers lifted its position in Facebook, Inc. (NASDAQ:FB) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,048 shares of the social networking company’s stock after acquiring an additional 3,687 shares during the quarter. Cetera Investment Advisers’ holdings in Facebook were worth $4,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cavalier Investments LLC grew its stake in Facebook by 99.9% in the third quarter. Cavalier Investments LLC now owns 1,925 shares of the social networking company’s stock valued at $343,000 after purchasing an additional 962 shares during the last quarter. Martin Investment Management LLC grew its stake in Facebook by 5.2% in the third quarter. Martin Investment Management LLC now owns 66,928 shares of the social networking company’s stock valued at $11,919,000 after purchasing an additional 3,294 shares during the last quarter. First Financial Bank Trust Division purchased a new position in Facebook in the fourth quarter valued at about $245,000. Winthrop Advisory Group LLC grew its stake in Facebook by 1.9% in the fourth quarter. Winthrop Advisory Group LLC now owns 3,444 shares of the social networking company’s stock valued at $707,000 after purchasing an additional 64 shares during the last quarter. Finally, Andra AP fonden grew its stake in Facebook by 37.5% in the third quarter. Andra AP fonden now owns 15,400 shares of the social networking company’s stock valued at $2,742,000 after purchasing an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 64.03% of the company’s stock.

In other Facebook news, CFO David M. Wehner sold 1,389 shares of the business’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $214.18, for a total value of $297,496.02. Following the completion of the transaction, the chief financial officer now directly owns 32,328 shares of the company’s stock, valued at $6,924,011.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Newstead sold 266 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $210.14, for a total value of $55,897.24. The disclosure for this sale can be found here. Insiders have sold 69,235 shares of company stock valued at $14,478,859 in the last ninety days. Corporate insiders own 14.53% of the company’s stock.

Several equities analysts have issued reports on FB shares. Evercore ISI reiterated a “buy” rating and issued a $280.00 target price on shares of Facebook in a research note on Thursday, January 30th. Susquehanna Bancshares lifted their target price on Facebook from $245.00 to $285.00 and gave the company a “positive” rating in a research note on Thursday, January 30th. Goldman Sachs Group set a $231.00 target price on Facebook and gave the company a “buy” rating in a research note on Wednesday, October 30th. SunTrust Banks reiterated a “buy” rating and issued a $265.00 target price (up previously from $250.00) on shares of Facebook in a research note on Wednesday, January 29th. Finally, Tigress Financial restated a “buy” rating on shares of Facebook in a research note on Friday, December 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $245.48.

Facebook stock opened at $214.58 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 52 week low of $159.28 and a 52 week high of $224.20. The company has a market capitalization of $619.94 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. The stock has a 50-day moving average price of $214.45 and a 200 day moving average price of $196.47.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.03. Facebook had a return on equity of 19.97% and a net margin of 26.15%. The firm had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. Research analysts anticipate that Facebook, Inc. will post 9.31 EPS for the current fiscal year.

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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