Facebook Inc (FB) is Pitcairn Co.’s 7th Largest Position

Pitcairn Co. decreased its position in Facebook Inc (NASDAQ:FB) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,258 shares of the social networking company’s stock after selling 4,056 shares during the quarter. Facebook accounts for about 1.1% of Pitcairn Co.’s holdings, making the stock its 7th biggest holding. Pitcairn Co.’s holdings in Facebook were worth $9,272,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FB. Alta Capital Management LLC raised its holdings in Facebook by 29.4% during the second quarter. Alta Capital Management LLC now owns 147,950 shares of the social networking company’s stock worth $22,337,000 after purchasing an additional 33,592 shares in the last quarter. RB Capital Management LLC raised its holdings in Facebook by 11.6% during the second quarter. RB Capital Management LLC now owns 12,976 shares of the social networking company’s stock worth $1,959,000 after purchasing an additional 1,345 shares in the last quarter. Iberiabank Corp raised its holdings in Facebook by 91.8% during the second quarter. Iberiabank Corp now owns 12,616 shares of the social networking company’s stock worth $1,905,000 after purchasing an additional 6,039 shares in the last quarter. Addison Capital Co raised its holdings in Facebook by 52.3% during the second quarter. Addison Capital Co now owns 9,853 shares of the social networking company’s stock worth $1,488,000 after purchasing an additional 3,382 shares in the last quarter. Finally, Heritage Investors Management Corp raised its holdings in Facebook by 1.6% during the second quarter. Heritage Investors Management Corp now owns 2,867 shares of the social networking company’s stock worth $433,000 after purchasing an additional 45 shares in the last quarter. 57.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on FB. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a report on Wednesday, January 10th. Morningstar set a $163.00 target price on shares of Facebook and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $215.00 target price (up from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $195.00 target price on shares of Facebook in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. Facebook presently has an average rating of “Buy” and an average price target of $202.86.

Shares of Facebook Inc (NASDAQ FB) opened at $181.29 on Friday. The company has a market cap of $531,160.00, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.02 and a beta of 0.68. Facebook Inc has a 1 year low of $126.78 and a 1 year high of $188.90.

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

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the sale, the insider now directly owns 172,871 shares in the company, valued at approximately $30,286,999.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total transaction of $129,322.50. Following the sale, the vice president now owns 89,916 shares in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. Insiders have sold a total of 4,181,449 shares of company stock worth $752,592,962 over the last 90 days. Insiders own 17.23% of the company’s stock.

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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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