Meridian Management Co. Has $2.36 Million Position in Facebook Inc (FB)

Meridian Management Co. increased its holdings in Facebook Inc (NASDAQ:FB) by 22.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,783 shares of the social networking company’s stock after purchasing an additional 2,485 shares during the quarter. Facebook accounts for 1.2% of Meridian Management Co.’s investment portfolio, making the stock its 23rd biggest position. Meridian Management Co.’s holdings in Facebook were worth $2,355,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook in the third quarter valued at about $111,000. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook in the second quarter valued at about $138,000. Vigilant Capital Management LLC increased its position in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the period. Finally, Odey Holdings AG increased its position in shares of Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after acquiring an additional 54 shares during the period. Institutional investors own 57.76% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $181.29 on Monday. The stock has a market cap of $526,793.94, a P/E ratio of 35.13, a PEG ratio of 1.03 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 issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. equities analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $180.27, for a total value of $2,884,320.00. Following the transaction, the insider now owns 49,816 shares in the company, valued at $8,980,330.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David B. Fischer sold 4,699 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total transaction of $806,019.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,165,449 shares of company stock worth $749,789,762. Insiders own 17.23% of the company’s stock.

Several equities analysts recently issued reports on FB shares. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target on the stock in a research report on Wednesday, January 10th. Wells Fargo & Co reiterated an “outperform” rating and set a $215.00 price target (up previously from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank of Canada reiterated a “buy” rating and set a $195.00 price target on shares of Facebook in a research report on Friday, October 13th. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price target (up previously from $225.00) on shares of Facebook in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus target price of $202.86.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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