Country Club Trust Company n.a. lowered its holdings in Facebook, Inc. (NASDAQ:FB) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,490 shares of the social networking company’s stock after selling 318 shares during the period. Country Club Trust Company n.a.’s holdings in Facebook were worth $796,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Facebook by 2.0% in the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after purchasing an additional 3,465,756 shares during the period. BlackRock Inc. boosted its stake in shares of Facebook by 2.8% in the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after purchasing an additional 4,114,043 shares during the period. Invesco Ltd. boosted its stake in shares of Facebook by 36.5% in the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after purchasing an additional 9,368,684 shares during the period. Northern Trust Corp boosted its stake in shares of Facebook by 1.7% in the second quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock valued at $5,518,644,000 after purchasing an additional 470,411 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Facebook by 5,336.8% in the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock valued at $4,341,794,000 after purchasing an additional 22,082,561 shares during the period. 63.23% of the stock is owned by institutional investors.
Facebook stock opened at $185.85 on Monday. The stock has a market cap of $543.17 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 1.11 and a beta of 1.02. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $184.25 and its two-hundred day moving average price is $185.89. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. Research analysts expect that Facebook, Inc. will post 7.99 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 23rd. Summit Insights assumed coverage on shares of Facebook in a research report on Friday, September 27th. They issued a “buy” rating on the stock. Guggenheim restated a “hold” rating on shares of Facebook in a research report on Tuesday, September 10th. Raymond James raised their price target on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. Finally, UBS Group restated a “buy” rating and issued a $240.00 price target on shares of Facebook in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $223.11.
In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $200.81, for a total value of $11,044,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 76,484 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.34, for a total transaction of $13,410,704.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,028,338 shares of company stock valued at $742,544,275. Corporate insiders own 14.53% of the company’s stock.
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.
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