Investment House LLC cut its position in Facebook, Inc. (NASDAQ:FB) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,827 shares of the social networking company’s stock after selling 1,729 shares during the quarter. Facebook makes up about 4.5% of Investment House LLC’s holdings, making the stock its 3rd biggest position. Investment House LLC’s holdings in Facebook were worth $64,419,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rocky Mountain Advisers LLC acquired a new position in Facebook in the 3rd quarter valued at $26,000. Horan Capital Advisors LLC. acquired a new position in Facebook in the 3rd quarter valued at $26,000. Carolina Wealth Advisors LLC grew its stake in Facebook by 58.2% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 144 shares of the social networking company’s stock valued at $38,000 after buying an additional 53 shares during the last quarter. Demars Financial Group LLC acquired a new position in Facebook in the 2nd quarter valued at $39,000. Finally, Newfound Research LLC acquired a new position in Facebook in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 59.62% of the company’s stock.

In other news, CRO David B. Fischer sold 13,118 shares of the firm’s stock in a transaction on Monday, November 30th. The stock was sold at an average price of $276.02, for a total value of $3,620,830.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 44,750 shares of the firm’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $265.41, for a total value of $11,877,097.50. The disclosure for this sale can be found here. Insiders sold a total of 1,107,694 shares of company stock worth $304,256,943 over the last 90 days. 14.14% of the stock is owned by corporate insiders.

FB traded up $0.55 during mid-day trading on Wednesday, reaching $251.64. The stock had a trading volume of 19,298,938 shares, compared to its average volume of 19,976,330. The stock has a market capitalization of $716.74 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.55 and a beta of 1.19. The firm’s fifty day simple moving average is $273.83 and its two-hundred day simple moving average is $264.79. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $304.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Thursday, October 29th. The social networking company reported $2.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.77. The firm had revenue of $21.47 billion for the quarter, compared to analyst estimates of $19.78 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. On average, equities analysts expect that Facebook, Inc. will post 9.39 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Facebook from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Monness Crespi & Hardt increased their target price on shares of Facebook from $290.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Facebook from $305.00 to $325.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Credit Suisse Group upped their price target on Facebook from $322.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Finally, Truist upped their price target on Facebook from $285.00 to $310.00 in a report on Friday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average price target of $299.24.

About Facebook

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

Further Reading: Dividend Achievers

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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