Bristol John W & Co. Inc. NY Lowers Stake in Facebook Inc (FB)

Bristol John W & Co. Inc. NY lessened its holdings in Facebook Inc (NASDAQ:FB) by 11.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 299,655 shares of the social networking company’s stock after selling 39,899 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Facebook were worth $45,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hartford Financial Management Inc. lifted its position in shares of Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares during the period. Regal Investment Advisors LLC raised its stake in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC raised its stake in shares of Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares in the last quarter. Wagner Bowman Management Corp raised its stake in shares of Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after acquiring an additional 25 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC raised its stake in shares of Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after acquiring an additional 30 shares in the last quarter. 57.86% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the sale, the insider now directly owns 178,802 shares of the company’s stock, valued at $30,523,289.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total transaction of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares in the company, valued at $14,456,613.60. The disclosure for this sale can be found here. Insiders have sold 4,932,625 shares of company stock worth $879,469,497 over the last three months. 17.23% of the stock is currently owned by insiders.

Several research firms recently commented on FB. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research note on Tuesday, November 7th. Vetr lowered shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective for the company. in a research note on Thursday. Aegis boosted their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada boosted their price objective on shares of Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Finally, Barclays boosted their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $200.73.

Shares of Facebook Inc (NASDAQ:FB) opened at $179.00 on Friday. The firm has a market cap of $520,139.66, a price-to-earnings ratio of 34.49, a PEG ratio of 1.14 and a beta of 0.69. Facebook Inc has a 52 week low of $114.77 and a 52 week high of $184.25.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The firm 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 quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. research analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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Facebook 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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