Facebook, Inc. (NASDAQ:FB) Shares Sold by Matthew 25 Management Corp

Matthew 25 Management Corp lessened its stake in Facebook, Inc. (NASDAQ:FB) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,500 shares of the social networking company’s stock after selling 2,500 shares during the quarter. Facebook accounts for about 8.8% of Matthew 25 Management Corp’s portfolio, making the stock its 3rd largest holding. Matthew 25 Management Corp’s holdings in Facebook were worth $32,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cable Hill Partners LLC lifted its holdings in shares of Facebook by 65.0% in the 2nd quarter. Cable Hill Partners LLC now owns 1,711 shares of the social networking company’s stock valued at $595,000 after buying an additional 674 shares during the period. Coatue Management LLC increased its stake in shares of Facebook by 34.1% in the 2nd quarter. Coatue Management LLC now owns 2,859,130 shares of the social networking company’s stock valued at $994,148,000 after purchasing an additional 726,559 shares in the last quarter. Capital Directions Investment Advisors LLC purchased a new position in shares of Facebook in the 2nd quarter valued at about $31,000. GQG Partners LLC increased its stake in shares of Facebook by 33.5% in the 2nd quarter. GQG Partners LLC now owns 4,597,101 shares of the social networking company’s stock valued at $1,597,927,000 after purchasing an additional 1,153,964 shares in the last quarter. Finally, Clear Perspective Advisors LLC increased its stake in shares of Facebook by 68.2% in the 2nd quarter. Clear Perspective Advisors LLC now owns 6,031 shares of the social networking company’s stock valued at $2,097,000 after purchasing an additional 2,445 shares in the last quarter. 65.72% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on FB shares. Evercore ISI lifted their price target on Facebook from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. KeyCorp boosted their price objective on Facebook from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Wedbush reiterated a “neutral” rating and set a $355.00 price objective on shares of Facebook in a research note on Thursday, July 29th. Truist Securities boosted their price objective on Facebook from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Finally, Cowen boosted their price objective on Facebook from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Facebook presently has an average rating of “Buy” and an average target price of $406.31.

In other Facebook news, insider Jennifer Newstead sold 125 shares of the firm’s stock in a transaction dated Tuesday, October 5th. The stock was sold at an average price of $328.69, for a total transaction of $41,086.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 77,300 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $382.34, for a total value of $29,554,882.00. The disclosure for this sale can be found here. Insiders sold 2,481,633 shares of company stock worth $890,771,287 in the last three months. 14.01% of the stock is currently owned by corporate insiders.

Shares of Facebook stock traded up $3.65 during trading hours on Thursday, reaching $328.19. 524,553 shares of the company were exchanged, compared to its average volume of 22,509,820. Facebook, Inc. has a 1 year low of $244.61 and a 1 year high of $384.33. The stock’s fifty day moving average is $358.25 and its 200 day moving average is $338.90. The firm has a market cap of $925.32 billion, a PE ratio of 24.35, a PEG ratio of 1.02 and a beta of 1.32.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 28th. The social networking company reported $3.61 EPS for the quarter, beating the consensus estimate of $3.03 by $0.58. The firm had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.93 billion. Facebook had a return on equity of 30.09% and a net margin of 37.17%. As a group, sell-side analysts forecast that Facebook, Inc. will post 14.11 earnings per share for the current year.

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Facebook, Inc operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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