Conservest Capital Advisors Inc. grew its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,949 shares of the social networking company’s stock after purchasing an additional 350 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Facebook were worth $532,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Apexium Financial LP increased its holdings in Facebook by 3.3% in the 3rd quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Trellis Advisors LLC increased its holdings in Facebook by 1.6% in the 3rd quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock valued at $612,000 after purchasing an additional 37 shares in the last quarter. Column Capital Advisors LLC increased its holdings in Facebook by 1.4% in the 3rd quarter. Column Capital Advisors LLC now owns 2,747 shares of the social networking company’s stock valued at $719,000 after purchasing an additional 37 shares in the last quarter. Barber Financial Group Inc. increased its holdings in Facebook by 4.1% in the 3rd quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock valued at $256,000 after purchasing an additional 38 shares in the last quarter. Finally, Ellis Investment Partners LLC increased its holdings in Facebook by 6.3% in the 3rd quarter. Ellis Investment Partners LLC now owns 662 shares of the social networking company’s stock valued at $173,000 after purchasing an additional 39 shares in the last quarter. 59.62% of the stock is currently owned by institutional investors.

NASDAQ FB opened at $251.64 on Thursday. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $304.67. The firm has a market capitalization of $716.74 billion, a PE ratio of 28.66, a P/E/G ratio of 1.55 and a beta of 1.19. The company’s 50 day simple moving average is $273.31 and its 200 day simple moving average is $264.97.

Facebook (NASDAQ:FB) last posted 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. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The business had revenue of $21.47 billion for the quarter, compared to analyst estimates of $19.78 billion. During the same quarter last year, the business earned $2.12 earnings per share. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. Analysts forecast that Facebook, Inc. will post 9.39 EPS for the current year.

Several brokerages recently issued reports on FB. Wells Fargo & Company increased their price target on Facebook from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Canaccord Genuity upped their price objective on shares of Facebook from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Morgan Stanley upped their price objective on shares of Facebook from $315.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, January 5th. Oppenheimer upped their price objective on shares of Facebook from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, September 22nd. Finally, Moffett Nathanson upped their price objective on shares of Facebook from $240.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $299.24.

In other Facebook news, CEO Mark Zuckerberg sold 44,750 shares of Facebook stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of $259.37, for a total value of $11,606,807.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jennifer Newstead sold 426 shares of Facebook stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $279.00, for a total transaction of $118,854.00. Following the completion of the transaction, the vice president now owns 878 shares in the company, valued at approximately $244,962. The disclosure for this sale can be found here. Insiders have sold 1,197,194 shares of company stock worth $327,128,221 in the last quarter. Company insiders own 14.14% of the company’s stock.

Facebook Profile

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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