Peoples Bank OH Lowers Position in Facebook, Inc. (NASDAQ:FB)

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Peoples Bank OH trimmed its stake in Facebook, Inc. (NASDAQ:FB) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,355 shares of the social networking company’s stock after selling 94 shares during the quarter. Peoples Bank OH’s holdings in Facebook were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in FB. BB&T Securities LLC lifted its position in Facebook by 5.4% during the second quarter. BB&T Securities LLC now owns 285,168 shares of the social networking company’s stock valued at $55,037,000 after buying an additional 14,598 shares in the last quarter. Bridges Investment Management Inc. lifted its position in Facebook by 15.8% during the second quarter. Bridges Investment Management Inc. now owns 146,759 shares of the social networking company’s stock valued at $28,324,000 after buying an additional 20,052 shares in the last quarter. Private Wealth Advisors Inc. lifted its position in Facebook by 1.7% during the second quarter. Private Wealth Advisors Inc. now owns 17,463 shares of the social networking company’s stock valued at $3,370,000 after buying an additional 285 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in Facebook by 3.5% during the second quarter. Miracle Mile Advisors LLC now owns 66,207 shares of the social networking company’s stock valued at $12,778,000 after buying an additional 2,255 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in Facebook by 5.2% during the second quarter. Dakota Wealth Management now owns 4,334 shares of the social networking company’s stock valued at $837,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 62.44% of the company’s stock.

Shares of NASDAQ:FB traded up $1.37 during midday trading on Tuesday, reaching $181.73. The company had a trading volume of 621,356 shares, compared to its average volume of 14,234,846. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The stock’s fifty day moving average price is $192.30 and its 200-day moving average price is $181.05. The stock has a market capitalization of $507.11 billion, a P/E ratio of 24.01, a PEG ratio of 1.03 and a beta of 0.99. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 27.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Facebook, Inc. will post 8.03 earnings per share for the current year.

In other Facebook news, CAO Susan J.S. Taylor sold 1,134 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the completion of the sale, the chief accounting officer now owns 1,037 shares in the company, valued at $192,311.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Thiel sold 22,246 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the sale, the director now owns 9,948 shares of the company’s stock, valued at approximately $1,810,536. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,378,377 shares of company stock valued at $255,599,943. 14.53% of the stock is owned by insiders.

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Facebook from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Moffett Nathanson raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Tuesday, June 11th. KeyCorp boosted their target price on shares of Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank boosted their target price on shares of Facebook from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Monness Crespi & Hardt boosted their target price on shares of Facebook from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $220.92.

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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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