Pekin Singer Strauss Asset Management IL Acquires 3,840 Shares of Facebook Inc (FB)

Pekin Singer Strauss Asset Management IL grew its holdings in Facebook Inc (NASDAQ:FB) by 53.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,959 shares of the social networking company’s stock after buying an additional 3,840 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Facebook were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. D. Scott Neal Inc. boosted its stake in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook during the 3rd quarter worth about $111,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook during the 2nd quarter worth about $138,000. Vigilant Capital Management LLC boosted its stake in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after purchasing an additional 150 shares during the period. Finally, Odey Holdings AG boosted its stake in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the period. 57.75% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. Morningstar set a $163.00 price objective on shares of Facebook and gave the company a “neutral” rating in a research report on Friday. BidaskClub cut shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Facebook in a research report on Monday, January 15th. SunTrust Banks boosted their price objective on shares of Facebook to $240.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Finally, Stifel Nicolaus cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $202.86.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the completion of the transaction, the vice president now owns 89,916 shares in the company, valued at approximately $15,504,215.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the transaction, the insider now owns 172,871 shares of the company’s stock, valued at approximately $30,286,999.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,181,449 shares of company stock valued at $752,592,962. 17.23% of the stock is currently owned by company insiders.

Facebook Inc (NASDAQ:FB) opened at $181.29 on Friday. The company has a market cap of $531,160.00, a P/E ratio of 33.70, a P/E/G ratio of 1.02 and a beta of 0.68. Facebook Inc has a 52 week low of $126.78 and a 52 week high of $188.90.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. equities analysts expect that Facebook Inc will post 5.86 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Pekin Singer Strauss Asset Management IL Acquires 3,840 Shares of Facebook Inc (FB)” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2018/01/20/pekin-singer-strauss-asset-management-il-acquires-3840-shares-of-facebook-inc-fb.html.

About Facebook

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit