Ridgewood Investments LLC boosted its position in Facebook, Inc. (NASDAQ:FB) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,788 shares of the social networking company’s stock after purchasing an additional 135 shares during the period. Ridgewood Investments LLC’s holdings in Facebook were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Watson Rebecca acquired a new position in Facebook in the 2nd quarter valued at approximately $25,000. JJJ Advisors Inc. grew its stake in shares of Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after purchasing an additional 105 shares during the last quarter. Demars Financial Group LLC bought a new stake in shares of Facebook in the second quarter worth $39,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in Facebook in the second quarter valued at $47,000. Finally, Center for Financial Planning Inc. raised its position in Facebook by 33.9% during the 2nd quarter. Center for Financial Planning Inc. now owns 257 shares of the social networking company’s stock worth $58,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Several equities research analysts have recently weighed in on FB shares. Royal Bank of Canada increased their price target on Facebook from $271.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wedbush upped their target price on Facebook from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Rosenblatt Securities raised their price target on shares of Facebook from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup boosted their price target on shares of Facebook from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. They noted that the move was a valuation call. Finally, Bank of America increased their price objective on shares of Facebook from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $283.11.

Shares of NASDAQ:FB opened at $265.93 on Friday. The business’s 50 day moving average is $268.73 and its 200 day moving average is $234.17. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $304.67. The stock has a market cap of $757.59 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.80 and a beta of 1.29.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion for the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a return on equity of 22.90% and a net margin of 31.29%. As a group, analysts anticipate that Facebook, Inc. will post 8.11 earnings per share for the current year.

In related news, VP Jennifer Newstead sold 426 shares of Facebook stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $277.65, for a total transaction of $118,278.90. Following the sale, the vice president now directly owns 1,730 shares in the company, valued at $480,334.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO David B. Fischer sold 13,110 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $293.95, for a total value of $3,853,684.50. The disclosure for this sale can be found here. Insiders have sold 34,023 shares of company stock worth $9,420,337 over the last three months. 14.14% of the stock is owned by insiders.

Facebook Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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