Facebook, Inc. (NASDAQ:FB) Shares Sold by Fishman Jay A Ltd. MI

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Fishman Jay A Ltd. MI trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 4.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,050 shares of the social networking company’s stock after selling 7,372 shares during the quarter. Facebook comprises approximately 4.9% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 6th biggest position. Fishman Jay A Ltd. MI’s holdings in Facebook were worth $26,365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FB. Manitou Investment Management Ltd. boosted its holdings in shares of Facebook by 14.1% in the third quarter. Manitou Investment Management Ltd. now owns 3,730 shares of the social networking company’s stock valued at $664,000 after acquiring an additional 460 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Facebook by 7.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 18,783 shares of the social networking company’s stock valued at $3,345,000 after acquiring an additional 1,293 shares during the period. Taylor Hoffman Wealth Management boosted its holdings in shares of Facebook by 19.1% in the third quarter. Taylor Hoffman Wealth Management now owns 2,620 shares of the social networking company’s stock valued at $467,000 after acquiring an additional 421 shares during the period. Lenox Wealth Management Inc. boosted its holdings in shares of Facebook by 24.1% in the third quarter. Lenox Wealth Management Inc. now owns 1,598 shares of the social networking company’s stock valued at $284,000 after acquiring an additional 310 shares during the period. Finally, Principle Wealth Partners LLC boosted its holdings in shares of Facebook by 3.0% in the third quarter. Principle Wealth Partners LLC now owns 10,397 shares of the social networking company’s stock valued at $1,851,000 after acquiring an additional 300 shares during the period. 63.17% of the stock is owned by hedge funds and other institutional investors.

In related news, CRO David B. Fischer sold 5,562 shares of Facebook stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $196.60, for a total transaction of $1,093,489.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,134 shares of Facebook stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total value of $210,300.30. Following the transaction, the chief accounting officer now owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The disclosure for this sale can be found here. Insiders sold a total of 4,681,364 shares of company stock valued at $867,172,511 in the last 90 days. 14.53% of the stock is owned by corporate insiders.

Shares of FB stock traded up $0.42 during trading hours on Friday, reaching $190.84. The company had a trading volume of 10,760,700 shares, compared to its average volume of 16,776,678. The firm has a market cap of $554.39 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.10 and a beta of 1.05. The company has a 50 day moving average of $185.37 and a 200 day moving average of $187.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. The company had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. Facebook’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. As a group, sell-side analysts forecast that Facebook, Inc. will post 8.57 EPS for the current fiscal year.

FB has been the subject of several analyst reports. UBS Group cut their price target on Facebook from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. BidaskClub upgraded Facebook from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Barclays decreased their price target on Facebook from $240.00 to $220.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Canaccord Genuity increased their price target on Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, SunTrust Banks increased their price target on Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have assigned a buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus price target of $228.33.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

See Also: Dow Jones Industrial Average (DJIA)

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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