Facebook, Inc. (NASDAQ:FB) Shares Sold by Breton Hill Capital Ltd.

Breton Hill Capital Ltd. trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 15.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,628 shares of the social networking company’s stock after selling 994 shares during the period. Breton Hill Capital Ltd.’s holdings in Facebook were worth $850,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC grew its position in Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after buying an additional 6,740 shares during the period. Altfest L J & Co. Inc. grew its position in Facebook by 0.9% during the second quarter. Altfest L J & Co. Inc. now owns 13,477 shares of the social networking company’s stock worth $2,035,000 after buying an additional 116 shares during the period. Grand Jean Capital Management Inc. grew its position in Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after buying an additional 15,910 shares during the period. Segment Wealth Management LLC grew its position in Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after buying an additional 4,485 shares during the period. Finally, Howard Capital Management grew its position in shares of Facebook by 2.8% in the first quarter. Howard Capital Management now owns 134,712 shares of the social networking company’s stock valued at $19,136,000 after purchasing an additional 3,726 shares during the last quarter. 57.30% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jan Koum sold 3,600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 277,018 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $153.42, for a total value of $42,500,101.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,109,908 shares of company stock worth $2,140,922,321. 19.08% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the stock. Barclays PLC set a $200.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, July 28th. FBN Securities restated an “outperform” rating and set a $210.00 target price (up previously from $175.00) on shares of Facebook in a research report on Sunday, July 30th. Morgan Stanley set a $190.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, July 31st. Atlantic Securities set a $200.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Pivotal Research downgraded shares of Facebook from a “hold” rating to a “sell” rating and cut their price target for the stock from $172.45 to $140.00 in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average target price of $183.74.

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Shares of Facebook, Inc. (FB) traded up 0.27% during trading on Friday, hitting $171.42. 12,270,733 shares of the stock traded hands. The firm has a market cap of $497.84 billion, a P/E ratio of 38.37 and a beta of 0.76. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The company has a 50-day moving average of $170.07 and a 200-day moving average of $153.55.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was up 44.8% compared to the same quarter last year. On average, analysts forecast that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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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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