Northwest Quadrant Wealth Management LLC Purchases New Position in Facebook Inc (FB)

Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Facebook Inc (NASDAQ:FB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,062 shares of the social networking company’s stock, valued at approximately $140,000.

Several other hedge funds also recently made changes to their positions in the stock. PacWest Financial Management Inc boosted its position in shares of Facebook by 1.3% in the third quarter. PacWest Financial Management Inc now owns 10,440 shares of the social networking company’s stock worth $1,339,000 after buying an additional 130 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Facebook by 41.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 501,732 shares of the social networking company’s stock worth $64,357,000 after buying an additional 147,840 shares during the last quarter. Gofen & Glossberg LLC IL boosted its position in shares of Facebook by 2.4% in the third quarter. Gofen & Glossberg LLC IL now owns 140,175 shares of the social networking company’s stock worth $17,980,000 after buying an additional 3,264 shares during the last quarter. Dorsey Wright & Associates boosted its position in shares of Facebook by 5.0% in the third quarter. Dorsey Wright & Associates now owns 48,041 shares of the social networking company’s stock worth $6,162,000 after buying an additional 2,275 shares during the last quarter. Finally, E&G Advisors LP boosted its position in shares of Facebook by 0.9% in the third quarter. E&G Advisors LP now owns 10,924 shares of the social networking company’s stock worth $1,401,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 57.00% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc (NASDAQ:FB) traded down 0.08% during trading on Friday, reaching $143.68. The company’s stock had a trading volume of 502,658 shares. Facebook Inc has a 52 week low of $106.31 and a 52 week high of $144.25. The company has a market cap of $415.23 billion, a PE ratio of 41.13 and a beta of 0.68. The stock’s 50 day moving average price is $140.15 and its 200 day moving average price is $129.41. Facebook also was the recipient of some unusual options trading on Tuesday. Stock investors bought 78,065 put options on the company. This is an increase of 109% compared to the average volume of 37,299 put options.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. The firm earned $8.81 billion during the quarter, compared to the consensus estimate of $8.47 billion. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The company’s revenue was up 50.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Equities research analysts predict that Facebook Inc will post $5.44 EPS for the current year.

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A number of equities analysts have issued reports on the stock. Vetr cut shares of Facebook from a “buy” rating to a “hold” rating and set a $147.81 target price for the company. in a research report on Wednesday. Robert W. Baird restated an “outperform” rating and set a $163.00 target price on shares of Facebook in a research report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $175.00 target price on shares of Facebook in a research report on Wednesday. Wells Fargo & Co restated an “overweight” rating on shares of Facebook in a research report on Wednesday. Finally, Piper Jaffray Companies lifted their price target on shares of Facebook from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-six have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average target price of $157.91.

In other Facebook news, Director Jan Koum sold 2,123,302 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $140.02, for a total value of $297,304,746.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sheryl Sandberg sold 163,500 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $141.27, for a total value of $23,097,645.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,012,117 shares of company stock valued at $838,152,309. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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