Baskin Financial Services Inc. Acquires 1,839 Shares of Facebook, Inc. (NASDAQ:FB)

Baskin Financial Services Inc. boosted its holdings in Facebook, Inc. (NASDAQ:FB) by 2.3% during the third quarter, HoldingsChannel.com reports. The fund owned 82,332 shares of the social networking company’s stock after purchasing an additional 1,839 shares during the period. Facebook accounts for 2.4% of Baskin Financial Services Inc.’s portfolio, making the stock its 22nd largest holding. Baskin Financial Services Inc.’s holdings in Facebook were worth $14,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Biegel & Waller LLC lifted its holdings in Facebook by 2.2% in the second quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock valued at $451,000 after buying an additional 50 shares during the period. Hyman Charles D increased its stake in Facebook by 0.9% in the second quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock valued at $1,131,000 after purchasing an additional 50 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in Facebook by 2.5% in the second quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock valued at $409,000 after purchasing an additional 51 shares in the last quarter. Perkins Coie Trust Co increased its stake in Facebook by 3.5% in the second quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock valued at $294,000 after purchasing an additional 52 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Facebook by 1.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 5,624 shares of the social networking company’s stock valued at $1,002,000 after purchasing an additional 54 shares in the last quarter. 63.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of FB stock opened at $189.67 on Friday. The stock has a market cap of $538.89 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The company has a fifty day moving average price of $184.16 and a two-hundred day moving average price of $185.80. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. As a group, equities research analysts anticipate that Facebook, Inc. will post 7.99 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Nomura upped their target price on shares of Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Monness Crespi & Hardt upped their target price on shares of Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Bank of America set a $224.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Friday, July 19th. MKM Partners reaffirmed a “buy” rating and issued a $245.00 target price (up previously from $190.00) on shares of Facebook in a research note on Friday, August 2nd. Finally, Oppenheimer upped their target price on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $223.04.

In other news, CEO Mark Zuckerberg sold 118,500 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $183.62, for a total transaction of $21,758,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total transaction of $210,300.30. Following the sale, the chief accounting officer now owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,028,338 shares of company stock valued at $742,544,275. 14.53% of the stock is currently owned by corporate insiders.

Facebook 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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