Diversified Trust Co lessened its stake in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,704 shares of the social networking company’s stock after selling 381 shares during the quarter. Diversified Trust Co’s holdings in Facebook, Inc. Common Stock were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Taylor Hoffman Wealth Management acquired a new position in Facebook, Inc. Common Stock in the fourth quarter valued at $103,000. Risk Paradigm Group LLC increased its stake in Facebook, Inc. Common Stock by 81.4% during the fourth quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock worth $116,000 after acquiring an additional 294 shares during the last quarter. Santori & Peters Inc. acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter valued at about $116,000. Wagner Wealth Management LLC acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter valued at about $183,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter valued at about $214,000. 60.42% of the stock is currently owned by hedge funds and other institutional investors.

FB traded up $0.96 during trading on Friday, hitting $162.32. 21,670,978 shares of the stock traded hands, compared to its average volume of 21,664,868. The stock has a market capitalization of $470.61 billion, a P/E ratio of 22.44, a PEG ratio of 1.04 and a beta of 0.49. Facebook, Inc. Common Stock has a 12-month low of $149.02 and a 12-month high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The firm had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 earnings per share. analysts predict that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

A number of research analysts have commented on FB shares. Citigroup downgraded Facebook, Inc. Common Stock to a “buy” rating and reduced their target price for the stock from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Credit Suisse Group set a $265.00 target price on Facebook, Inc. Common Stock and gave the company a “buy” rating in a research report on Monday, July 16th. Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price target on shares of Facebook, Inc. Common Stock in a research report on Monday, July 23rd. Pivotal Research reissued a “sell” rating and set a $138.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Friday, June 29th. Finally, BidaskClub raised Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Tuesday, July 17th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $206.89.

In other Facebook, Inc. Common Stock news, CEO Mark Zuckerberg sold 247,500 shares of Facebook, Inc. Common Stock stock in a transaction on Monday, June 18th. The shares were sold at an average price of $198.09, for a total transaction of $49,027,275.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Wehner sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $199.90, for a total transaction of $1,999,000.00. Following the sale, the chief financial officer now directly owns 67,279 shares of the company’s stock, valued at $13,449,072.10. The disclosure for this sale can be found here. Insiders have sold 9,876,913 shares of company stock worth $1,906,192,582 in the last ninety days. Insiders own 17.23% of the company’s stock.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

See Also: Analyst Ratings

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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