Facebook Inc (FB) Shares Sold by Investment Centers of America Inc.

Investment Centers of America Inc. reduced its holdings in shares of Facebook Inc (NASDAQ:FB) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,853 shares of the social networking company’s stock after selling 2,097 shares during the quarter. Investment Centers of America Inc.’s holdings in Facebook were worth $6,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. lifted its position in shares of Facebook by 1.1% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 18 shares during the period. Halbert Hargrove Russell LLC lifted its position in shares of Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after acquiring an additional 19 shares during the period. Wagner Bowman Management Corp lifted its position in shares of Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after acquiring an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC lifted its position in shares of Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 57.86% of the company’s stock.

In other Facebook news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now owns 84,246 shares in the company, valued at approximately $14,456,613.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Thiel sold 160,805 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total value of $28,768,014.50. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. Insiders sold a total of 4,932,625 shares of company stock worth $879,469,497 in the last quarter. Corporate insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $180.14 on Friday. Facebook Inc has a fifty-two week low of $114.77 and a fifty-two week high of $184.25. The stock has a market capitalization of $502,210.81, a PE ratio of 33.30, a price-to-earnings-growth ratio of 1.10 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts predict that Facebook Inc will post 5.86 earnings per share for the current year.

A number of research firms have recently weighed in on FB. Cowen reiterated an “outperform” rating and set a $195.00 target price on shares of Facebook in a research report on Thursday, August 10th. Citigroup reiterated a “buy” rating and set a $200.00 target price on shares of Facebook in a research report on Wednesday, September 27th. Vetr downgraded Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 target price for the company. in a research report on Thursday. Cantor Fitzgerald reiterated a “buy” rating and set a $190.00 target price on shares of Facebook in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and set a $225.00 target price on shares of Facebook in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $200.73.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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