Facebook

Facebook Inc (FB) Shares Bought by Wedbush Securities Inc.

Facebook Inc (FB) Shares Bought by Wedbush Securities Inc.


Facebook Inc (FB) Shares Bought by Wedbush Securities Inc.







Wedbush Securities Inc. increased its stake in shares of Facebook Inc (NASDAQ:FB) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,490 shares of the social networking company’s stock after buying an additional 2,492 shares during the period. Facebook makes up approximately 0.6% of Wedbush Securities Inc.’s investment portfolio, making the stock its 24th largest position. Wedbush Securities Inc.’s holdings in Facebook were worth $3,296,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. IFC Holdings Incorporated FL raised its stake in Facebook by 146.9% in the fourth quarter. IFC Holdings Incorporated FL now owns 44,690 shares of the social networking company’s stock valued at $4,664,000 after buying an additional 26,589 shares during the last quarter. Fiduciary Trust Co. raised its stake in Facebook by 10.8% in the fourth quarter. Fiduciary Trust Co. now owns 12,404 shares of the social networking company’s stock valued at $1,298,000 after buying an additional 1,205 shares during the last quarter. Sandy Spring Bank raised its stake in Facebook by 44.0% in the fourth quarter. Sandy Spring Bank now owns 16,480 shares of the social networking company’s stock valued at $1,724,000 after buying an additional 5,039 shares during the last quarter. LSV Asset Management raised its stake in Facebook by 1,426.7% in the fourth quarter. LSV Asset Management now owns 22,900 shares of the social networking company’s stock valued at $2,396,000 after buying an additional 21,400 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Facebook by 1.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 92,324 shares of the social networking company’s stock valued at $9,663,000 after buying an additional 1,610 shares during the last quarter.

Facebook Inc (NASDAQ:FB) opened at 113.05 on Friday. The company’s 50-day moving average price is $107.27 and its 200 day moving average price is $102.31. Facebook Inc has a 1-year low of $72.00 and a 1-year high of $117.59. The firm has a market cap of $321.77 billion and a price-to-earnings ratio of 87.43.




Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 27th. The social networking company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, equities analysts expect that Facebook Inc will post $3.14 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Facebook in a research report on Monday, March 21st. Oppenheimer reaffirmed a “buy” rating and set a $130.00 price target on shares of Facebook in a research report on Wednesday, March 16th. Robert W. Baird reaffirmed an “outperform” rating on shares of Facebook in a research report on Monday, March 14th. SunTrust reaffirmed a “buy” rating and set a $125.00 price target on shares of Facebook in a research report on Thursday, March 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $136.00 price target on shares of Facebook in a research report on Tuesday, March 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, forty-nine have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $128.66.

In other Facebook news, insider Christopher K. Cox sold 15,600 shares of the company’s stock in a transaction that occurred on Monday, February 29th. The stock was sold at an average price of $107.89, for a total value of $1,683,084.00. Following the completion of the sale, the insider now directly owns 418,690 shares in the company, valued at $45,172,464.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jas Athwal sold 1,462 shares of the company’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $93.81, for a total value of $137,150.22. Following the completion of the sale, the chief accounting officer now owns 117,175 shares of the company’s stock, valued at $10,992,186.75. The disclosure for this sale can be found here.

Facebook, Inc is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities.

12 Month Chart for NASDAQ:FB












Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It’s time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).


Receive News & Ratings for Facebook Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Facebook Inc and related companies with MarketBeat.com’s FREE daily email newsletter.















 





Advertisement
[embedded content]



Advertisement
[embedded content]