Facebook Inc (FB) is Kessler Investment Group LLC’s 7th Largest Position
Kessler Investment Group LLC decreased its position in Facebook Inc (NASDAQ:FB) by 30.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,772 shares of the social networking company’s stock after selling 6,563 shares during the quarter. Facebook accounts for approximately 3.3% of Kessler Investment Group LLC’s investment portfolio, making the stock its 7th largest position. Kessler Investment Group LLC’s holdings in Facebook were worth $2,607,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook in the third quarter valued at about $111,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook during the 2nd quarter valued at about $138,000. Stelac Advisory Services LLC bought a new stake in shares of Facebook during the 3rd quarter valued at about $152,000. Odey Holdings AG boosted its stake in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Facebook during the 2nd quarter valued at about $165,000. Hedge funds and other institutional investors own 58.48% of the company’s stock.
Facebook Inc (FB) opened at $181.88 on Wednesday. The stock has a market cap of $527,020.00, a P/E ratio of 29.53, a PEG ratio of 0.96 and a beta of 0.64. Facebook Inc has a 52 week low of $137.60 and a 52 week high of $195.32.
In other news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $178.10, for a total transaction of $2,849,600.00. Following the completion of the transaction, the insider now directly owns 16,010 shares of the company’s stock, valued at $2,851,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Todd Schroepfer sold 38,050 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $174.39, for a total transaction of $6,635,539.50. Following the transaction, the insider now directly owns 381,521 shares of the company’s stock, valued at $66,533,447.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,467,131 shares of company stock worth $798,223,122. Insiders own 17.23% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a research note on Wednesday, January 10th. Aegis lifted their target price on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and set a $220.00 target price on shares of Facebook in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $214.70.
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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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