Today: Today, Stoneridge Investment Partners LLC invests in 984 by buying Facebook Inc. (FB) shares

Today, Stoneridge Investment Partners LLC invests in 984 by buying Facebook Inc. (FB) shares

Stoneridge Investment Partners LLC increased its position in shares of Facebook Inc. (NASDAQ:FB) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,533 shares of the social networking company’s stock after buying an additional 984 shares during the period. Stoneridge Investment Partners LLC’s holdings in Facebook were worth $5,071,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. increased its position in shares of Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock worth $116,000 after buying an additional 96 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of Facebook during the first quarter worth about $106,000. Orinda Asset Management LLC purchased a new stake in shares of Facebook during the third quarter worth about $126,000. Capital Advisors Ltd. LLC boosted its stake in shares of Facebook by 182.2% in the third quarter. Capital Advisors Ltd. LLC now owns 1,092 shares of the social networking company’s stock worth $140,000 after buying an additional 705 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its stake in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock worth $128,000 after buying an additional 91 shares in the last quarter. 56.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Facebook Inc. (NASDAQ:FB) traded down 0.38% during trading on Friday, hitting $120.38. 8,658,605 shares of the company traded hands. Facebook Inc. has a 52 week low of $89.37 and a 52 week high of $133.50. The company has a 50 day moving average price of $125.27 and a 200 day moving average price of $122.55. The company has a market capitalization of $346.96 billion, a price-to-earnings ratio of 46.41 and a beta of 0.76.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.12. The firm earned $7 billion during the quarter, compared to analyst estimates of $6.90 billion. Facebook had a net margin of 30.32% and a return on equity of 16.51%. The business’s revenue was up 55.8% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. On average, analysts expect that Facebook Inc. will post $4.09 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Facebook from a “hold” rating to a “strong-buy” rating and set a $144.00 price objective for the company in a report on Friday, July 29th. Nomura restated a “buy” rating and set a $155.00 price objective on shares of Facebook in a report on Thursday, November 3rd. Loop Capital restated a “buy” rating and set a $165.00 price objective on shares of Facebook in a report on Wednesday, November 2nd. Jefferies Group reiterated a “buy” rating and issued a $170.00 price target on shares of Facebook in a research note on Thursday, November 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Facebook in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $150.70.

In related news, CFO David M. Wehner sold 10,530 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $119.05, for a total value of $1,253,596.50. Following the transaction, the chief financial officer now owns 84,718 shares of the company’s stock, valued at approximately $10,085,677.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $125.56, for a total transaction of $1,958,736.00. Following the completion of the transaction, the insider now directly owns 406,825 shares in the company, valued at approximately $51,080,947. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by insiders.

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