Campbell Newman Asset Management raised its position in Facebook Inc (NASDAQ:FB) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,762 shares of the social networking company’s stock after buying an additional 45 shares during the period. Campbell Newman Asset Management’s holdings in Facebook were worth $917,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. First Financial raised its stake in shares of Facebook by 12.3% in the fourth quarter. First Financial now owns 7,190 shares of the social networking company’s stock valued at $752,000 after buying an additional 785 shares during the last quarter. Eagle Capital Management boosted its stake in Facebook by 0.3% in the fourth quarter. Eagle Capital Management now owns 44,771 shares of the social networking company’s stock worth $4,686,000 after buying an additional 121 shares during the period. CIBC World Markets boosted its stake in Facebook by 19.4% in the fourth quarter. CIBC World Markets now owns 101,341 shares of the social networking company’s stock worth $10,606,000 after buying an additional 16,464 shares during the period. Regent Investment Management boosted its stake in Facebook by 22.2% in the fourth quarter. Regent Investment Management now owns 18,155 shares of the social networking company’s stock worth $1,900,000 after buying an additional 3,300 shares during the period. Finally, Quotient Investors purchased a new stake in Facebook during the fourth quarter worth approximately $804,000.

Shares of Facebook Inc (NASDAQ:FB) traded up 2.82% during mid-day trading on Friday, hitting $112.19. 25,566,710 shares of the stock traded hands. Facebook Inc has a one year low of $72.00 and a one year high of $112.20. The firm has a market capitalization of $316.94 billion and a P/E ratio of 86.97. The company’s 50 day moving average is $101.40 and its 200 day moving average is $97.89.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 27th. The social networking company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.11. During the same quarter in the previous year, the company posted $0.54 EPS. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.36 billion. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, equities analysts expect that Facebook Inc will post $2.88 EPS for the current fiscal year.

Several research firms have issued reports on FB. Wedbush reissued a “buy” rating on shares of Facebook in a report on Friday, October 30th. JMP Securities reissued a “buy” rating and set a $105.00 price target on shares of Facebook in a report on Friday, October 30th. Jyske Bank lowered Facebook from a “buy” rating to a “sell” rating and set a $105.00 price target for the company. in a report on Friday, October 30th. Cantor Fitzgerald reissued a “buy” rating and set a $120.00 price target on shares of Facebook in a report on Monday, November 2nd. Finally, FBN Securities reissued a “buy” rating and set a $125.00 price target (up previously from $110.00) on shares of Facebook in a report on Thursday, November 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $124.93.

In other news, CAO Jas Athwal sold 1,462 shares of the stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $93.81, for a total value of $137,150.22. Following the transaction, the chief accounting officer now directly owns 117,175 shares of the company’s stock, valued at $10,992,186.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 3,877 shares of the stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $93.78, for a total transaction of $363,585.06. Following the completion of the transaction, the vice president now directly owns 74,723 shares in the company, valued at $7,007,522.94. 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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