Facebook, Inc. (FB) Shares Bought by Iberiabank Corp

Iberiabank Corp grew its stake in Facebook, Inc. (NASDAQ:FB) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,854 shares of the social networking company’s stock after buying an additional 616 shares during the period. Iberiabank Corp’s holdings in Facebook were worth $3,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new position in shares of Facebook during the fourth quarter worth $571,000. Abbrea Capital LLC grew its position in Facebook by 1.4% during the fourth quarter. Abbrea Capital LLC now owns 53,751 shares of the social networking company’s stock valued at $9,485,000 after buying an additional 752 shares during the period. Traynor Capital Management Inc. grew its position in Facebook by 20.7% during the fourth quarter. Traynor Capital Management Inc. now owns 2,436 shares of the social networking company’s stock valued at $429,000 after buying an additional 418 shares during the period. Private Wealth Partners LLC grew its position in Facebook by 2.9% during the fourth quarter. Private Wealth Partners LLC now owns 73,775 shares of the social networking company’s stock valued at $13,018,000 after buying an additional 2,094 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in Facebook by 51.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,513 shares of the social networking company’s stock valued at $443,000 after buying an additional 850 shares during the period. 58.48% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Shares of Facebook stock opened at $164.52 on Monday. The firm has a market cap of $476,042.34, a price-to-earnings ratio of 26.71, a PEG ratio of 0.89 and a beta of 0.79. Facebook, Inc. has a one year low of $139.75 and a one year high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. sell-side analysts expect that Facebook, Inc. will post 7.12 earnings per share for the current year.

Several analysts recently commented on FB shares. Morgan Stanley set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, January 12th. Wedbush set a $260.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, March 23rd. Wells Fargo restated an “outperform” rating and set a $230.00 price target (up previously from $215.00) on shares of Facebook in a research report on Monday, January 8th. Pivotal Research restated a “sell” rating and set a $147.00 price target on shares of Facebook in a research report on Monday, January 8th. Finally, SunTrust Banks raised their price target on shares of Facebook to $240.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, forty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $209.94.

In other Facebook news, CEO Mark Zuckerberg sold 220,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.39, for a total transaction of $39,025,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David B. Fischer sold 5,587 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,812,678 shares of company stock valued at $1,193,584,853. 17.23% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2018/04/16/facebook-inc-fb-shares-bought-by-iberiabank-corp.html.

Facebook Company Profile

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply