Cobblestone Capital Advisors LLC NY Grows Position in Facebook, Inc. (FB)

Cobblestone Capital Advisors LLC NY increased its position in Facebook, Inc. (NASDAQ:FB) by 97.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,368 shares of the social networking company’s stock after acquiring an additional 2,153 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Facebook were worth $659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI grew its holdings in shares of Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the period. D. Scott Neal Inc. grew its holdings in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services grew its holdings in shares of Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the period. Finally, Crow Point Partners LLC acquired a new stake in shares of Facebook in the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 57.35% of the company’s stock.

Facebook, Inc. (NASDAQ FB) opened at $178.07 on Wednesday. Facebook, Inc. has a 52-week low of $114.00 and a 52-week high of $182.90. The firm has a market cap of $519,471.31, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the company posted $1.09 EPS. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. sell-side analysts expect that Facebook, Inc. will post 5.81 EPS for the current year.

In other Facebook news, CEO Mark Zuckerberg sold 254,525 shares of Facebook stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $166.97, for a total transaction of $42,498,039.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $168.25, for a total transaction of $126,187.50. Following the transaction, the vice president now owns 96,341 shares in the company, valued at $16,209,373.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,890,410 shares of company stock worth $859,895,025. Corporate insiders own 19.08% of the company’s stock.

FB has been the topic of a number of analyst reports. Cowen and Company reiterated an “average” rating and set a $200.00 target price (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Wedbush reiterated a “buy” rating on shares of Facebook in a report on Thursday, July 27th. Macquarie set a $175.00 target price on Facebook and gave the company a “buy” rating in a report on Monday, July 24th. Deutsche Bank AG increased their target price on Facebook from $185.00 to $189.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) set a $180.00 target price on Facebook and gave the company a “buy” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook has an average rating of “Buy” and a consensus price target of $197.95.

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Facebook 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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