Naples Global Advisors LLC Has $1.30 Million Stake in Facebook, Inc. (FB)

Naples Global Advisors LLC grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,032 shares of the social networking company’s stock after buying an additional 721 shares during the period. Naples Global Advisors LLC’s holdings in Facebook were worth $1,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. increased its position in shares of Facebook by 153.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after purchasing an additional 121 shares during the last quarter. Jackson Grant Investment Advisers Inc. bought a new position in shares of Facebook in the fourth quarter worth approximately $31,000. Signet Investment Advisory Group Inc. bought a new position in shares of Facebook in the fourth quarter worth approximately $39,000. Ruggie Capital Group increased its position in shares of Facebook by 53.8% in the fourth quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock worth $58,000 after purchasing an additional 156 shares during the last quarter. Finally, Accurate Investment Solutions Inc. increased its position in shares of Facebook by 35.6% in the fourth quarter. Accurate Investment Solutions Inc. now owns 453 shares of the social networking company’s stock worth $59,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

NASDAQ:FB opened at $180.73 on Wednesday. The company has a market cap of $527.37 billion, a PE ratio of 23.87, a P/E/G ratio of 1.16 and a beta of 0.93. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $218.62. The company has a quick ratio of 5.38, a current ratio of 5.38 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, April 24th. The social networking company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.80). The business had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. Facebook had a net margin of 33.17% and a return on equity of 23.67%. Facebook’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 EPS. Sell-side analysts anticipate that Facebook, Inc. will post 8.05 earnings per share for the current year.

FB has been the subject of several research reports. Cleveland Research reaffirmed a “buy” rating on shares of Facebook in a research note on Monday, April 22nd. Oppenheimer upped their target price on Facebook from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price (up previously from $200.00) on shares of Facebook in a research note on Monday, April 22nd. Guggenheim raised Facebook from a “neutral” rating to a “buy” rating and upped their target price for the stock from $175.00 to $200.00 in a research note on Thursday, April 4th. Finally, BMO Capital Markets cut their target price on Facebook to $163.00 and set a “market perform” rating for the company in a research note on Monday, January 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $206.58.

In related news, CFO David M. Wehner sold 4,979 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $160.35, for a total transaction of $798,382.65. Following the completion of the transaction, the chief financial officer now owns 49,214 shares in the company, valued at $7,891,464.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $189.39, for a total value of $142,042.50. Following the transaction, the vice president now owns 98,622 shares of the company’s stock, valued at approximately $18,678,020.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,551,562 shares of company stock valued at $273,034,141. 14.53% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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