Facebook, Inc. (NASDAQ:FB) Shares Acquired by Lenox Wealth Advisors LLC
Lenox Wealth Advisors LLC raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,637 shares of the social networking company’s stock after purchasing an additional 212 shares during the quarter. Lenox Wealth Advisors LLC’s holdings in Facebook were worth $702,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its stake in shares of Facebook by 13,908.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after acquiring an additional 70,263,213 shares during the period. Clearbridge Investments LLC increased its stake in shares of Facebook by 16.8% in the first quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock worth $1,464,134,000 after acquiring an additional 1,266,152 shares during the period. Flossbach Von Storch AG increased its stake in shares of Facebook by 49.5% in the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after acquiring an additional 1,370,767 shares during the period. Sanders Capital LLC increased its stake in shares of Facebook by 132.5% in the fourth quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after acquiring an additional 2,031,500 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Facebook by 10.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 3,100,000 shares of the social networking company’s stock worth $406,379,000 after acquiring an additional 300,000 shares during the period. Institutional investors and hedge funds own 61.75% of the company’s stock.
FB opened at $199.75 on Friday. The company has a current ratio of 4.47, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $572.92 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66. The firm’s fifty day moving average is $192.39.
A number of research firms have recently weighed in on FB. Stifel Nicolaus upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $105.00 in a research note on Thursday, April 25th. Moffett Nathanson raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Tuesday, June 11th. Goldman Sachs Group reissued a “hold” rating and set a $7.80 price target on shares of Deutsche Bank in a report on Tuesday. Zacks Investment Research downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $21.00 price target on shares of ABB in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and forty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $219.67.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $194.78, for a total value of $146,085.00. Following the transaction, the vice president now directly owns 99,372 shares of the company’s stock, valued at $19,355,678.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO David B. Fischer sold 5,438 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $194.29, for a total transaction of $1,056,549.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 306,480 shares of company stock worth $56,660,885. Insiders own 14.53% of the company’s stock.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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