Park National Corp OH boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 206,260 shares of the social networking company’s stock after buying an additional 2,327 shares during the period. Facebook makes up approximately 2.2% of Park National Corp OH’s holdings, making the stock its 11th largest holding. Park National Corp OH’s holdings in Facebook were worth $42,335,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in FB. Wealthcare Advisory Partners LLC grew its position in shares of Facebook by 1.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 5,624 shares of the social networking company’s stock worth $1,002,000 after buying an additional 54 shares in the last quarter. Personal Wealth Partners grew its position in shares of Facebook by 12.9% during the 3rd quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock worth $86,000 after buying an additional 55 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its position in shares of Facebook by 1.3% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 4,424 shares of the social networking company’s stock worth $783,000 after buying an additional 57 shares in the last quarter. Meridian Investment Counsel Inc. grew its position in shares of Facebook by 2.0% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,080 shares of the social networking company’s stock worth $594,000 after buying an additional 60 shares in the last quarter. Finally, Carlson Capital Management grew its position in shares of Facebook by 3.4% during the 3rd quarter. Carlson Capital Management now owns 1,834 shares of the social networking company’s stock worth $327,000 after buying an additional 60 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Summit Insights assumed coverage on Facebook in a research report on Friday, September 27th. They set a “buy” rating on the stock. Guggenheim raised their price target on Facebook from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Credit Suisse Group raised their price target on Facebook from $270.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research downgraded Facebook from a “hold” rating to a “sell” rating and set a $229.00 price target for the company. in a report on Friday, January 10th. Finally, Citigroup reissued a “buy” rating and issued a $240.00 price target on shares of Facebook in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $240.75.
In other Facebook news, CEO Mark Zuckerberg sold 125,600 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $187.88, for a total value of $23,597,728.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $197.40, for a total value of $51,324.00. Following the completion of the transaction, the vice president now directly owns 6,717 shares in the company, valued at approximately $1,325,935.80. The disclosure for this sale can be found here. Insiders sold 789,360 shares of company stock worth $151,245,323 over the last three months. 14.53% of the stock is currently owned by corporate insiders.
NASDAQ:FB opened at $217.94 on Friday. The stock has a market cap of $626.70 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.16 and a beta of 1.05. The stock has a 50-day simple moving average of $209.45 and a 200-day simple moving average of $194.90. Facebook, Inc. has a 1 year low of $143.43 and a 1 year high of $222.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. Facebook’s quarterly revenue was up 28.6% on a year-over-year basis. On average, equities research analysts predict that Facebook, Inc. will post 8.5 EPS for the current year.
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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