Facebook Inc (FB) Shares Sold by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust cut its stake in shares of Facebook Inc (NASDAQ:FB) by 16.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the social networking company’s stock after selling 4,000 shares during the period. Facebook comprises approximately 2.9% of New Jersey Better Educational Savings Trust’s holdings, making the stock its 4th largest position. New Jersey Better Educational Savings Trust’s holdings in Facebook were worth $3,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D. Scott Neal Inc. grew its position in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook during the 2nd quarter valued at $138,000. Vigilant Capital Management LLC grew its position in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the period. Odey Holdings AG grew its position in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after acquiring an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Facebook during the 2nd quarter valued at $165,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday. Citigroup reissued a “buy” rating and set a $200.00 price objective on shares of Facebook in a research report on Wednesday, September 27th. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Cowen reissued an “average” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $190.00 target price on shares of Facebook in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $203.72.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total value of $42,498,431.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $175.29, for a total transaction of $131,467.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,182,199 shares of company stock valued at $752,724,430. 17.23% of the stock is owned by insiders.

Shares of Facebook Inc (FB) opened at $179.37 on Friday. The firm has a market cap of $521,210.00, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Facebook Inc has a one year low of $126.78 and a one year high of $188.90.

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

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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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