Rehmann Capital Advisory Group Has $432.53 Million Position in Facebook, Inc. (FB)

Rehmann Capital Advisory Group lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 16,836.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,737,877 shares of the social networking company’s stock after purchasing an additional 1,727,616 shares during the period. Rehmann Capital Advisory Group owned 0.06% of Facebook worth $432,530,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new position in Facebook in the 3rd quarter worth $119,000. Aviance Capital Management LLC bought a new position in Facebook in the 2nd quarter worth $151,000. Marino Stram & Associates LLC raised its holdings in Facebook by 115.3% in the 2nd quarter. Marino Stram & Associates LLC now owns 945 shares of the social networking company’s stock worth $184,000 after acquiring an additional 506 shares during the period. Arlington Partners LLC bought a new position in Facebook in the 3rd quarter worth $164,000. Finally, Lenox Wealth Management Inc. raised its holdings in Facebook by 65.5% in the 3rd quarter. Lenox Wealth Management Inc. now owns 1,023 shares of the social networking company’s stock worth $168,000 after acquiring an additional 405 shares during the period. 59.63% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $155.00 target price on shares of Facebook in a report on Thursday. Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Nomura upgraded shares of Facebook from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $172.00 to $215.00 in a report on Monday, March 11th. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Wedbush dropped their price objective on shares of Facebook to $200.00 and set a “buy” rating on the stock in a report on Monday, February 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $191.58.

In other Facebook news, insider Christopher K. Cox sold 5,300 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $173.11, for a total value of $917,483.00. Following the transaction, the insider now directly owns 92,794 shares in the company, valued at $16,063,569.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $173.24, for a total transaction of $9,528,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 391,461 shares of company stock worth $60,325,530. Company insiders own 16.25% of the company’s stock.

NASDAQ FB opened at $165.98 on Friday. The stock has a market capitalization of $482.17 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $218.62.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.20. The business had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. On average, equities analysts expect that Facebook, Inc. will post 7.55 EPS for the current year.

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About Facebook

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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