Resources Investment Advisors Inc. lifted its stake in Facebook, Inc. Common Stock (NASDAQ:FB) by 12.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,080 shares of the social networking company’s stock after purchasing an additional 2,545 shares during the quarter. Facebook, Inc. Common Stock accounts for about 0.8% of Resources Investment Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Resources Investment Advisors Inc.’s holdings in Facebook, Inc. Common Stock were worth $3,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in FB. Taylor Hoffman Wealth Management purchased a new stake in Facebook, Inc. Common Stock in the 4th quarter worth about $103,000. Santori & Peters Inc. purchased a new stake in Facebook, Inc. Common Stock in the 4th quarter worth about $116,000. Risk Paradigm Group LLC lifted its stake in Facebook, Inc. Common Stock by 81.4% in the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock worth $116,000 after acquiring an additional 294 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in Facebook, Inc. Common Stock in the 4th quarter worth about $164,000. Finally, Wagner Wealth Management LLC purchased a new stake in Facebook, Inc. Common Stock in the 4th quarter worth about $183,000. Institutional investors and hedge funds own 59.41% of the company’s stock.

In other Facebook, Inc. Common Stock news, CFO David M. Wehner sold 9,522 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $180.20, for a total value of $1,715,864.40. Following the sale, the chief financial officer now owns 77,302 shares of the company’s stock, valued at approximately $13,929,820.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 157,300 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $173.48, for a total value of $27,288,404.00. The disclosure for this sale can be found here. Insiders sold a total of 13,176,273 shares of company stock worth $2,557,741,371 in the last ninety days. Insiders own 16.25% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $275.00 price target on shares of Facebook, Inc. Common Stock in a research note on Friday, July 20th. Oppenheimer reaffirmed a “buy” rating and set a $200.00 price target on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Citigroup downgraded Facebook, Inc. Common Stock to a “buy” rating and cut their price target for the stock from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Deutsche Bank reaffirmed a “buy” rating and set a $205.00 price target on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $220.00 price target (down from $250.00) on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $209.46.

FB opened at $172.50 on Tuesday. The company has a market capitalization of $504.89 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.11 and a beta of 0.40. Facebook, Inc. Common Stock has a 12-month low of $149.02 and a 12-month high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). The business had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The business’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. equities research analysts forecast that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

Facebook, Inc. Common Stock Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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