Facebook, Inc. (NASDAQ:FB) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in Facebook, Inc. (NASDAQ:FB) by 1,175.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,230 shares of the social networking company’s stock after buying an additional 27,860 shares during the period. Tower Research Capital LLC TRC’s holdings in Facebook were worth $5,384,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FB. Knuff & Co LLC boosted its stake in Facebook by 11.6% during the 3rd quarter. Knuff & Co LLC now owns 1,680 shares of the social networking company’s stock worth $299,000 after purchasing an additional 175 shares during the period. Golub Group LLC boosted its stake in Facebook by 0.8% during the 3rd quarter. Golub Group LLC now owns 234,597 shares of the social networking company’s stock worth $41,777,000 after purchasing an additional 1,881 shares during the period. Manitou Investment Management Ltd. boosted its stake in Facebook by 14.1% during the 3rd quarter. Manitou Investment Management Ltd. now owns 3,730 shares of the social networking company’s stock worth $664,000 after purchasing an additional 460 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Facebook by 7.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 18,783 shares of the social networking company’s stock worth $3,345,000 after purchasing an additional 1,293 shares during the period. Finally, Taylor Hoffman Wealth Management boosted its stake in Facebook by 19.1% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 2,620 shares of the social networking company’s stock worth $467,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 63.17% of the company’s stock.

In other Facebook news, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the completion of the transaction, the chief accounting officer now directly owns 1,037 shares in the company, valued at approximately $192,311.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO David B. Fischer sold 5,562 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $196.60, for a total transaction of $1,093,489.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,555,764 shares of company stock valued at $843,798,351 over the last 90 days. 14.53% of the stock is currently owned by insiders.

FB has been the subject of a number of recent research reports. KeyCorp increased their price target on shares of Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Jefferies Financial Group restated a “buy” rating and set a $250.00 price objective on shares of Facebook in a research report on Thursday, October 31st. JMP Securities upped their price objective on shares of Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Stifel Nicolaus restated a “hold” rating and set a $205.00 price objective (up previously from $180.00) on shares of Facebook in a research report on Monday, October 28th. They noted that the move was a valuation call. Finally, Summit Redstone initiated coverage on shares of Facebook in a research report on Friday, September 27th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $228.33.

Shares of FB traded down $1.23 during trading hours on Monday, reaching $189.61. The company had a trading volume of 8,632,422 shares, compared to its average volume of 16,739,338. The firm has a 50 day simple moving average of $185.42 and a 200-day simple moving average of $187.38. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $554.39 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.10 and a beta of 1.05. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The firm had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm posted $1.76 EPS. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. Sell-side analysts forecast that Facebook, Inc. will post 8.57 earnings per share for the current year.

About Facebook

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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