Facebook, Inc. (FB) Shares Sold by Capital One National Association

Capital One National Association trimmed its stake in shares of Facebook, Inc. (NASDAQ:FB) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,735 shares of the social networking company’s stock after selling 10,390 shares during the period. Facebook comprises about 1.5% of Capital One National Association’s portfolio, making the stock its 12th largest position. Capital One National Association’s holdings in Facebook were worth $20,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its holdings in shares of Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the period. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter worth $121,000. Pacific Center for Financial Services raised its holdings in shares of Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the period. Watermark Asset Management Inc. acquired a new stake in shares of Facebook during the first quarter worth $141,000. Finally, Viking Fund Management LLC acquired a new stake in shares of Facebook during the first quarter worth $142,000. Institutional investors and hedge funds own 57.26% of the company’s stock.

Facebook, Inc. (FB) traded down 0.39% on Wednesday, reaching $171.84. 6,188,464 shares of the company’s stock traded hands. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The firm’s 50 day moving average price is $170.12 and its 200 day moving average price is $154.54. The company has a market cap of $499.06 billion, a PE ratio of 38.46 and a beta of 0.76.

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. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. On average, equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 277,018 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $153.42, for a total transaction of $42,500,101.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Thiel sold 60,316 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $172.25, for a total value of $10,389,431.00. Following the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,961,658 shares of company stock worth $2,118,296,593. 19.08% of the stock is currently owned by company insiders.

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A number of brokerages recently commented on FB. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Robert W. Baird restated an “outperform” rating and set a $185.00 price objective (up from $163.00) on shares of Facebook in a report on Thursday, July 27th. Mizuho restated a “buy” rating on shares of Facebook in a report on Monday, August 7th. MKM Partners restated a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Facebook in a report on Monday, August 7th. Finally, Pivotal Research lowered shares of Facebook from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have issued a buy rating and three have given a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and an average target price of $183.74.

About Facebook

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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