Facebook Inc (NASDAQ:FB) Stake Lowered by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. lowered its holdings in Facebook Inc (NASDAQ:FB) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,374 shares of the social networking company’s stock after selling 4,866 shares during the period. Facebook comprises 1.6% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 7th biggest holding. Bbva Compass Bancshares Inc.’s holdings in Facebook were worth $23,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. D. Scott Neal Inc. lifted its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Facebook in the second quarter valued at approximately $138,000. Vigilant Capital Management LLC lifted its stake in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the last quarter. Odey Holdings AG lifted its stake in Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after acquiring an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in Facebook in the second quarter valued at approximately $165,000. 57.75% of the stock is currently owned by institutional investors.

Shares of Facebook Inc (NASDAQ:FB) traded down $8.40 on Monday, reaching $179.37. The company’s stock had a trading volume of 77,414,971 shares, compared to its average volume of 21,170,154. Facebook Inc has a 12-month low of $126.78 and a 12-month high of $188.90. The firm has a market capitalization of $521,210.00, a price-to-earnings ratio of 33.34, a PEG ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 47.3% on a year-over-year basis. sell-side analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on FB. Cowen restated an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Wells Fargo & Co set a $215.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 target price on shares of Facebook in a research report on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $200.00 target price on shares of Facebook in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $203.72.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total value of $42,498,431.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total value of $7,140,733.11. Following the completion of the sale, the insider now directly owns 381,521 shares in the company, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. Insiders sold a total of 4,182,199 shares of company stock valued at $752,724,430 in the last 90 days. Corporate insiders own 17.23% of the company’s stock.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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