Farr Miller & Washington LLC DC Buys Shares of 122,487 Facebook Inc (FB)

Farr Miller & Washington LLC DC bought a new position in Facebook Inc (NASDAQ:FB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 122,487 shares of the social networking company’s stock, valued at approximately $18,493,000.

Several other large investors have also recently made changes to their positions in FB. Hartford Financial Management Inc. increased its position in Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after buying an additional 16 shares in the last quarter. Halbert Hargrove Russell LLC increased its position in Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after buying an additional 19 shares in the last quarter. Wagner Bowman Management Corp increased its position in Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after buying an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its position in Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after buying an additional 30 shares in the last quarter. Finally, Keel Point LLC increased its position in Facebook by 1.5% during the 1st quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after buying an additional 34 shares in the last quarter. 57.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook Inc (FB) opened at $172.83 on Wednesday. Facebook Inc has a 52 week low of $114.77 and a 52 week high of $184.25. The firm has a market capitalization of $502,700.00, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts anticipate that Facebook Inc will post 5.86 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. Evercore ISI assumed coverage on Facebook in a research report on Tuesday. They set an “outperform” rating for the company. MKM Partners raised their price objective on Facebook to $240.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $197.10 price objective for the company in a research report on Wednesday, November 29th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research report on Tuesday, November 7th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $215.00 price objective on shares of Facebook in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $199.18.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $171.13, for a total transaction of $2,738,080.00. Following the completion of the transaction, the insider now owns 194,666 shares in the company, valued at $33,313,192.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total value of $123,157.50. Following the transaction, the vice president now owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. Insiders have sold 5,195,022 shares of company stock valued at $924,578,276 in the last 90 days. Company insiders own 17.23% of the company’s stock.

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Facebook Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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