Advisory Services Network LLC increased its stake in Facebook Inc (NASDAQ:FB) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,691 shares of the social networking company’s stock after buying an additional 5,547 shares during the period. Facebook accounts for approximately 1.6% of Advisory Services Network LLC’s holdings, making the stock its 4th largest position. Advisory Services Network LLC’s holdings in Facebook were worth $4,991,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Campbell Newman Asset Management increased its stake in shares of Facebook by 0.5% in the fourth quarter. Campbell Newman Asset Management now owns 8,762 shares of the social networking company’s stock valued at $917,000 after buying an additional 45 shares in the last quarter. Detwiler Fenton Investment Management acquired a new position in Facebook during the fourth quarter valued at about $505,000. Lenox Wealth Advisors boosted its position in Facebook by 2,037.1% in the fourth quarter. Lenox Wealth Advisors now owns 748 shares of the social networking company’s stock valued at $78,000 after buying an additional 713 shares during the last quarter. Stillwater Investment Management boosted its position in Facebook by 0.4% in the fourth quarter. Stillwater Investment Management now owns 35,119 shares of the social networking company’s stock valued at $3,676,000 after buying an additional 150 shares during the last quarter. Finally, Baystate Wealth Management acquired a new position in Facebook during the fourth quarter valued at about $207,000.

Facebook Inc (NASDAQ:FB) traded up 0.67% during midday trading on Tuesday, reaching $115.86. The company had a trading volume of 11,391,090 shares. Facebook Inc has a 12 month low of $72.00 and a 12 month high of $115.94. The firm has a 50-day moving average of $102.00 and a 200-day moving average of $98.35. The stock has a market cap of $329.77 billion and a P/E ratio of 89.61.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 27th. The social networking company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.11. The firm earned $5.84 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s quarterly revenue was up 51.7% on a year-over-year basis. On average, equities analysts expect that Facebook Inc will post $3.14 EPS for the current fiscal year.

A number of brokerages have recently weighed in on FB. Citigroup Inc. raised their price target on Facebook from $125.00 to $134.00 in a research report on Friday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Facebook in a research report on Thursday, October 8th. Argus began coverage on Facebook in a research report on Thursday, October 8th. They issued a “buy” rating and a $115.00 price target for the company. RBC Capital restated a “buy” rating and issued a $105.00 price target on shares of Facebook in a research report on Monday, October 12th. Finally, Pivotal Research upgraded Facebook to a “buy” rating and raised their price target for the company from $106.00 to $127.00 in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $127.93.

In other news, Director Jan Koum sold 1,545,837 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $106.97, for a total transaction of $165,358,183.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 3,877 shares of the firm’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $93.78, for a total transaction of $363,585.06. Following the sale, the vice president now owns 74,723 shares of the company’s stock, valued at approximately $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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