Thompson Investment Management Inc. Boosts Holdings in Facebook, Inc. (FB)

Thompson Investment Management Inc. boosted its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 32.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,707 shares of the social networking company’s stock after acquiring an additional 3,365 shares during the quarter. Thompson Investment Management Inc.’s holdings in Facebook were worth $2,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. IMA Wealth Inc. acquired a new position in shares of Facebook in the 2nd quarter worth approximately $122,000. Aviance Capital Management LLC acquired a new position in shares of Facebook in the 2nd quarter worth approximately $151,000. Arlington Partners LLC acquired a new position in shares of Facebook in the 3rd quarter worth approximately $164,000. Lenox Wealth Management Inc. lifted its position in shares of 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 purchasing an additional 405 shares during the period. Finally, Wagner Wealth Management LLC lifted its position in shares of Facebook by 100.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,056 shares of the social networking company’s stock worth $174,000 after purchasing an additional 528 shares during the period. 60.49% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, CFO David M. Wehner sold 4,761 shares of the company’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $165.59, for a total value of $788,373.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 9,000 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $150.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the vice president now owns 94,680 shares of the company’s stock, valued at approximately $14,202,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 356,138 shares of company stock worth $49,865,941. Corporate insiders own 16.25% of the company’s stock.

FB opened at $162.50 on Friday. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62. The firm has a market cap of $472.06 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93.

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

A number of brokerages have recently issued reports on FB. Aegis boosted their price target on shares of Facebook from $206.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Stifel Nicolaus dropped their price target on shares of Facebook from $202.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. BidaskClub upgraded shares of Facebook from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 11th. Cleveland Research reiterated a “buy” rating on shares of Facebook in a research report on Tuesday, October 23rd. Finally, BMO Capital Markets dropped their target price on shares of Facebook from $190.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 31st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $190.62.

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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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