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Chesapeake Wealth Management grew its holdings in Facebook, Inc. (NASDAQ:FB) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,022 shares of the social networking company’s stock after acquiring an additional 359 shares during the quarter. Chesapeake Wealth Management’s holdings in Facebook were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in FB. Apexium Financial LP raised its holdings in Facebook by 3.3% in the 3rd quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock valued at $291,000 after acquiring an additional 36 shares in the last quarter. Trellis Advisors LLC increased its position in shares of Facebook by 1.6% during the third quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock valued at $612,000 after purchasing an additional 37 shares during the period. Column Capital Advisors LLC raised its stake in shares of Facebook by 1.4% in the third quarter. Column Capital Advisors LLC now owns 2,747 shares of the social networking company’s stock valued at $719,000 after purchasing an additional 37 shares in the last quarter. Black Diamond Financial LLC lifted its position in Facebook by 1.1% in the fourth quarter. Black Diamond Financial LLC now owns 3,532 shares of the social networking company’s stock worth $965,000 after purchasing an additional 37 shares during the period. Finally, Barber Financial Group Inc. boosted its stake in Facebook by 4.1% during the third quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock worth $256,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.

Shares of Facebook stock opened at $270.50 on Friday. The firm has a fifty day moving average of $266.09 and a two-hundred day moving average of $269.20. The stock has a market capitalization of $770.29 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.29 and a beta of 1.18. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $304.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 27th. The social networking company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.64. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The business had revenue of $28.10 million during the quarter, compared to analysts’ expectations of $26.43 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. On average, research analysts forecast that Facebook, Inc. will post 9.39 earnings per share for the current fiscal year.

In other Facebook news, CRO David B. Fischer sold 13,118 shares of Facebook stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $276.02, for a total transaction of $3,620,830.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 12,250 shares of the business’s stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $286.43, for a total value of $3,508,767.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,492,580 shares of company stock valued at $404,856,470 over the last 90 days. Corporate insiders own 14.14% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Facebook from $345.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Monness Crespi & Hardt increased their price target on shares of Facebook from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Oppenheimer lifted their price objective on Facebook from $345.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. Mizuho reiterated a “buy” rating and issued a $350.00 price objective on shares of Facebook in a research note on Thursday, January 28th. Finally, Truist raised their target price on Facebook from $320.00 to $333.00 in a research report on Thursday, January 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $321.41.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

Further Reading: Hedge Funds – Risk or Reward?

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