Arrow Financial Corp Has $9.08 Million Holdings in Facebook Inc (NASDAQ:FB)

Arrow Financial Corp lowered its position in Facebook Inc (NASDAQ:FB) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,127 shares of the social networking company’s stock after selling 2,794 shares during the quarter. Facebook comprises about 2.2% of Arrow Financial Corp’s holdings, making the stock its 8th biggest holding. Arrow Financial Corp’s holdings in Facebook were worth $9,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. D. Scott Neal Inc. lifted its position in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after buying an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after buying an additional 34 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Facebook in the second quarter valued at about $138,000. Vigilant Capital Management LLC lifted its position in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after buying an additional 150 shares during the last quarter. Finally, Odey Holdings AG lifted its position in Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total value of $2,803,200.00. Following the completion of the sale, the insider now owns 172,871 shares of the company’s stock, valued at $30,286,999.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now directly owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,182,199 shares of company stock valued at $752,724,430. Corporate insiders own 17.23% of the company’s stock.

Shares of Facebook Inc (NASDAQ FB) traded down $8.40 during midday trading on Friday, hitting $179.37. The company had a trading volume of 77,306,900 shares, compared to its average volume of 16,580,000. Facebook Inc has a 52-week low of $124.80 and a 52-week high of $188.90. The firm has a market capitalization of $521,210.00, a P/E ratio of 33.34, a PEG ratio of 1.06 and a beta of 0.68.

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

Several analysts have recently issued reports on FB shares. Goldman Sachs Group set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC increased their price target on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity increased their price target on shares of Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $203.72.

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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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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