Magnolia Capital Advisors LLC Invests $299,000 in Facebook, Inc. (NASDAQ:FB)

Magnolia Capital Advisors LLC bought a new position in shares of Facebook, Inc. (NASDAQ:FB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,461 shares of the social networking company’s stock, valued at approximately $299,000.

Several other institutional investors also recently made changes to their positions in the company. KCS Wealth Advisory boosted its stake in shares of Facebook by 0.6% during the 4th quarter. KCS Wealth Advisory now owns 7,384 shares of the social networking company’s stock worth $1,516,000 after acquiring an additional 46 shares in the last quarter. Strategic Blueprint LLC raised its holdings in Facebook by 3.8% in the 4th quarter. Strategic Blueprint LLC now owns 1,346 shares of the social networking company’s stock valued at $276,000 after acquiring an additional 49 shares in the last quarter. Northstar Group Inc. raised its holdings in Facebook by 0.3% in the 4th quarter. Northstar Group Inc. now owns 15,059 shares of the social networking company’s stock valued at $3,092,000 after acquiring an additional 50 shares in the last quarter. Navellier & Associates Inc raised its holdings in Facebook by 2.5% in the 4th quarter. Navellier & Associates Inc now owns 2,050 shares of the social networking company’s stock valued at $421,000 after acquiring an additional 50 shares in the last quarter. Finally, InterOcean Capital LLC raised its holdings in shares of Facebook by 0.8% in the 4th quarter. InterOcean Capital LLC now owns 6,688 shares of the social networking company’s stock worth $1,373,000 after buying an additional 50 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors.

Shares of FB traded up $2.60 during trading hours on Tuesday, reaching $168.55. 15,462,915 shares of the company traded hands, compared to its average volume of 30,165,804. The company’s fifty day moving average price is $184.80 and its two-hundred day moving average price is $194.75. The company has a market capitalization of $481.53 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $224.20.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The business had revenue of $21.08 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Facebook’s quarterly revenue was up 24.6% on a year-over-year basis. On average, analysts expect that Facebook, Inc. will post 8.94 EPS for the current year.

A number of research firms recently commented on FB. Bernstein Bank initiated coverage on Facebook in a research report on Friday, January 10th. They set an “outperform” rating and a $250.00 price target on the stock. Loop Capital reissued a “buy” rating and issued a $245.00 price target on shares of Facebook in a research note on Thursday, January 30th. Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating and cut their price target for the company from $215.00 to $180.00 in a research note on Tuesday, February 11th. UBS Group dropped their price objective on Facebook from $246.00 to $226.00 and set a “buy” rating on the stock in a research note on Monday. Finally, JMP Securities dropped their price objective on Facebook from to in a research note on Monday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $238.31.

In other Facebook news, CRO David B. Fischer sold 11,142 shares of Facebook stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $192.00, for a total value of $2,139,264.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thiel sold 53,602 shares of Facebook stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $210.56, for a total transaction of $11,286,437.12. Following the completion of the transaction, the director now directly owns 9,948 shares of the company’s stock, valued at $2,094,650.88. The disclosure for this sale can be found here. Insiders have sold 84,067 shares of company stock worth $17,392,181 in 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.

Read More: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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