Waters Parkerson & CO. LLC Decreases Stake in Facebook Inc (FB)

Waters Parkerson & CO. LLC lessened its holdings in shares of Facebook Inc (NASDAQ:FB) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 227,713 shares of the social networking company’s stock after selling 7,078 shares during the period. Facebook comprises 3.4% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 4th largest holding. Waters Parkerson & CO. LLC’s holdings in Facebook were worth $38,909,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its holdings in Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after acquiring an additional 4,032,727 shares during the last quarter. Capital World Investors boosted its holdings in Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after acquiring an additional 833,810 shares during the last quarter. Northern Trust Corp boosted its holdings in Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after acquiring an additional 114,694 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after acquiring an additional 1,219,412 shares during the last quarter. Institutional investors own 57.32% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $178.99 on Friday. The stock has a market capitalization of $519,970.00, a PE ratio of 33.21, a P/E/G ratio of 0.92 and a beta of 0.58. Facebook Inc has a fifty-two week low of $134.16 and a fifty-two week high of $195.32.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities analysts expect that Facebook Inc will post 7.28 EPS for the current fiscal year.

Several equities analysts recently issued reports on FB shares. Monness Crespi & Hardt upgraded Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Friday, October 27th. Wedbush set a $225.00 price target on Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $190.00 price target on shares of Facebook in a report on Tuesday, October 31st. Aegis raised their price target on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada raised their price target on Facebook from $195.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company. Facebook has an average rating of “Buy” and an average price target of $214.70.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total value of $9,748,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David B. Fischer sold 16,621 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,762,530 shares of company stock valued at $490,711,179. 17.23% of the stock is owned by corporate insiders.

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Facebook Company Profile

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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