Aldebaran Financial Inc. trimmed its position in shares of Facebook, Inc. (NASDAQ:FB) by 4.8% during the second quarter, HoldingsChannel.com reports. The fund owned 20,559 shares of the social networking company’s stock after selling 1,035 shares during the quarter. Facebook comprises 2.7% of Aldebaran Financial Inc.’s holdings, making the stock its 8th biggest position. Aldebaran Financial Inc.’s holdings in Facebook were worth $3,995,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Cribstone Capital Management LLC boosted its holdings in Facebook by 186.2% during the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after buying an additional 406 shares in the last quarter. IMA Wealth Inc. purchased a new stake in Facebook during the second quarter worth about $122,000. Trust Department MB Financial Bank N A purchased a new stake in Facebook during the second quarter worth about $134,000. Northwest Wealth Management LLC purchased a new stake in Facebook during the second quarter worth about $194,000. Finally, GenWealth Group Inc. purchased a new stake in Facebook during the second quarter worth about $200,000. Institutional investors and hedge funds own 58.42% of the company’s stock.
In related news, insider Michael Todd Schroepfer sold 38,085 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $166.11, for a total transaction of $6,326,299.35. Following the completion of the transaction, the insider now owns 588,694 shares of the company’s stock, valued at $97,787,960.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $135.12, for a total transaction of $7,431,600.00. The disclosure for this sale can be found here. Insiders have sold 518,103 shares of company stock valued at $79,159,534 in the last ninety days. 17.23% of the stock is currently owned by company insiders.
Shares of FB stock opened at $139.63 on Friday. Facebook, Inc. has a one year low of $126.85 and a one year high of $218.62. The company has a market cap of $400.69 billion, a P/E ratio of 22.67, a P/E/G ratio of 0.87 and a beta of 0.57.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The firm had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same quarter in the prior year, the business posted $1.59 earnings per share. Facebook’s revenue for the quarter was up 32.9% compared to the same quarter last year. Equities research analysts expect that Facebook, Inc. will post 7.36 EPS for the current fiscal year.
Several analysts have issued reports on FB shares. Morgan Stanley upped their price target on shares of Facebook from $185.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 12th. ValuEngine raised shares of Facebook from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Aegis upped their price target on shares of Facebook from $206.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Wells Fargo & Co reduced their price target on shares of Facebook from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. Finally, Deutsche Bank upped their price target on shares of Facebook from $192.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Facebook has a consensus rating of “Buy” and a consensus target price of $191.80.
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Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.
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