Facebook, Inc. (NASDAQ:FB) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 12.5% in the second quarter, HoldingsChannel reports. The firm owned 1,685 shares of the social networking company’s stock after selling 240 shares during the quarter. Tompkins Financial Corp’s holdings in Facebook were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FB. Strategic Wealth Management Group LLC lifted its holdings in Facebook by 0.5% in the second quarter. Strategic Wealth Management Group LLC now owns 9,152 shares of the social networking company’s stock valued at $2,078,000 after acquiring an additional 43 shares during the period. Genesee Capital Advisors LLC lifted its holdings in Facebook by 1.6% in the second quarter. Genesee Capital Advisors LLC now owns 2,787 shares of the social networking company’s stock valued at $632,000 after acquiring an additional 44 shares during the period. Parisi Gray Wealth Management lifted its holdings in Facebook by 0.5% in the second quarter. Parisi Gray Wealth Management now owns 9,175 shares of the social networking company’s stock valued at $2,087,000 after acquiring an additional 44 shares during the period. Retirement Network lifted its holdings in Facebook by 1.4% in the first quarter. Retirement Network now owns 3,519 shares of the social networking company’s stock valued at $587,000 after acquiring an additional 48 shares during the period. Finally, Sun Life Financial INC lifted its holdings in Facebook by 3.4% in the first quarter. Sun Life Financial INC now owns 1,465 shares of the social networking company’s stock valued at $244,000 after acquiring an additional 48 shares during the period. 65.12% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on FB shares. Credit Suisse Group upped their target price on Facebook from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday. DZ Bank reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday, May 20th. BofA Securities upped their target price on Facebook from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America upped their target price on Facebook from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Mizuho upped their target price on Facebook from $245.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus price target of $273.37.

NASDAQ FB opened at $253.67 on Friday. The stock has a market cap of $722.73 billion, a PE ratio of 30.97, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $255.85. The stock has a fifty day simple moving average of $235.27 and a 200-day simple moving average of $207.59.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a return on equity of 23.49% and a net margin of 31.29%. Research analysts predict that Facebook, Inc. will post 7.4 EPS for the current year.

In other Facebook news, CFO David M. Wehner sold 8,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $209.90, for a total value of $1,679,200.00. Following the sale, the chief financial officer now owns 24,484 shares of the company’s stock, valued at approximately $5,139,191.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Newstead sold 194 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $246.22, for a total value of $47,766.68. Following the completion of the transaction, the vice president now owns 2,112 shares in the company, valued at approximately $520,016.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,591 shares of company stock worth $14,894,825. 14.14% of the stock is owned by corporate insiders.

Facebook Company Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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