Golub Group LLC Acquires 1,881 Shares of Facebook, Inc. (NASDAQ:FB)

Golub Group LLC increased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,597 shares of the social networking company’s stock after acquiring an additional 1,881 shares during the period. Facebook comprises approximately 3.3% of Golub Group LLC’s holdings, making the stock its 12th largest holding. Golub Group LLC’s holdings in Facebook were worth $41,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Adviser L.P. acquired a new position in shares of Facebook in the 2nd quarter valued at $205,000. Green Square Asset Management LLC lifted its stake in shares of Facebook by 288.0% in the 2nd quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock valued at $2,738,000 after purchasing an additional 10,531 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX lifted its stake in shares of Facebook by 1.7% in the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock valued at $2,362,000 after purchasing an additional 206 shares during the period. Eastern Bank lifted its stake in shares of Facebook by 16.4% in the 2nd quarter. Eastern Bank now owns 99,117 shares of the social networking company’s stock valued at $19,130,000 after purchasing an additional 13,934 shares during the period. Finally, Fayez Sarofim & Co lifted its stake in shares of Facebook by 1.0% in the 2nd quarter. Fayez Sarofim & Co now owns 3,190,182 shares of the social networking company’s stock valued at $615,707,000 after purchasing an additional 32,734 shares during the period. Institutional investors and hedge funds own 63.17% of the company’s stock.

FB has been the subject of a number of recent analyst reports. Mizuho lowered their price objective on shares of Facebook from $247.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. restated a “buy” rating and issued a $255.00 price objective on shares of Facebook in a research report on Thursday, October 31st. UBS Group lowered their price objective on shares of Facebook from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Pivotal Research restated a “buy” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Finally, Nomura upped their price objective on shares of Facebook from $235.00 to $253.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $228.33.

NASDAQ:FB traded up $0.42 during mid-day trading on Friday, hitting $190.84. The stock had a trading volume of 10,760,700 shares, compared to its average volume of 16,776,678. 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, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The company’s 50 day simple moving average is $185.37 and its 200 day simple moving average is $187.27. The stock has a market cap of $554.39 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.10 and a beta of 1.05.

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

In related news, CEO Mark Zuckerberg sold 122,855 shares of Facebook stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $192.22, for a total value of $23,615,188.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Susan J.S. Taylor sold 1,134 shares of Facebook stock in a transaction that occurred on 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 $192,311.65. The disclosure for this sale can be found here. Insiders sold 4,681,364 shares of company stock worth $867,172,511 over the last three months. 14.53% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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