American Asset Management held its position in Facebook Inc (NASDAQ:FB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,375 shares of the social networking company’s stock at the end of the fourth quarter. Facebook comprises approximately 0.3% of American Asset Management’s holdings, making the stock its 8th largest position. American Asset Management’s holdings in Facebook were worth $353,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FB. Nisa Investment Advisors boosted its stake in Facebook by 1.9% in the fourth quarter. Nisa Investment Advisors now owns 536,266 shares of the social networking company’s stock valued at $56,125,000 after buying an additional 9,900 shares during the period. J. M. Hartwell Limited Partnership boosted its stake in Facebook by 13.4% in the fourth quarter. J. M. Hartwell Limited Partnership now owns 283,590 shares of the social networking company’s stock valued at $29,681,000 after buying an additional 33,500 shares during the period. Park National boosted its stake in Facebook by 44.0% in the fourth quarter. Park National now owns 4,709 shares of the social networking company’s stock valued at $493,000 after buying an additional 1,439 shares during the period. Narwhal Capital Management boosted its stake in Facebook by 28.3% in the fourth quarter. Narwhal Capital Management now owns 7,991 shares of the social networking company’s stock valued at $836,000 after buying an additional 1,761 shares during the period. Finally, Centre Asset Management boosted its stake in Facebook by 0.4% in the fourth quarter. Centre Asset Management now owns 143,310 shares of the social networking company’s stock valued at $14,999,000 after buying an additional 640 shares during the period.

Shares of Facebook Inc (NASDAQ:FB) traded up 2.57% during midday trading on Monday, hitting $115.09. 46,132,726 shares of the company were exchanged. The firm’s 50 day moving average price is $102.00 and its 200 day moving average price is $98.35. Facebook Inc has a one year low of $72.00 and a one year high of $115.72. The firm has a market capitalization of $327.58 billion and a price-to-earnings ratio of 89.01.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 27th. The social networking company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.36 billion. Facebook’s revenue for the quarter was up 51.7% compared to the same quarter last year. Analysts forecast that Facebook Inc will post $3.14 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. Argus assumed coverage on Facebook in a report on Thursday, October 8th. They issued a “buy” rating and a $115.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Facebook in a report on Thursday, October 8th. Credit Suisse reiterated an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Facebook in a report on Friday, October 9th. RBC Capital reiterated a “buy” rating and issued a $105.00 target price on shares of Facebook in a report on Monday, October 12th. Finally, Vetr cut Facebook from a “buy” rating to a “hold” rating and set a $98.02 target price on the stock. in a report on Monday, October 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $127.93.

In other news, insider Christopher K. Cox sold 15,600 shares of the company’s stock in a transaction on Monday, January 25th. The shares were sold at an average price of $98.35, for a total value of $1,534,260.00. Following the sale, the insider now directly owns 394,132 shares of the company’s stock, valued at approximately $38,762,882.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $103.35, for a total transaction of $103,350.00. Following the completion of the sale, the vice president now directly owns 77,924 shares in the company, valued at $8,053,445.40. The disclosure for this sale can be found here.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

12 Month Chart for NASDAQ:FB

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