Standard Life Aberdeen plc reduced its position in shares of Facebook, Inc. (NASDAQ:FB) by 37.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,421,050 shares of the social networking company’s stock after selling 1,443,360 shares during the quarter. Standard Life Aberdeen plc owned approximately 0.08% of Facebook worth $398,166,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of FB. Claybrook Capital LLC increased its stake in shares of Facebook by 20.0% in the 3rd quarter. Claybrook Capital LLC now owns 600 shares of the social networking company’s stock worth $99,000 after acquiring an additional 100 shares in the last quarter. Baker Ellis Asset Management LLC bought a new position in shares of Facebook in the 3rd quarter worth about $119,000. Aviance Capital Management LLC bought a new position in shares of Facebook in the 2nd quarter worth about $151,000. Arlington Partners LLC bought a new position in shares of Facebook in the 3rd quarter worth about $164,000. Finally, Lenox Wealth Management Inc. increased its stake in shares of Facebook by 65.5% in the 3rd quarter. Lenox Wealth Management Inc. now owns 1,023 shares of the social networking company’s stock worth $168,000 after acquiring an additional 405 shares in the last quarter. Institutional investors own 59.50% of the company’s stock.
In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $172.35, for a total transaction of $129,262.50. Following the sale, the vice president now owns 104,622 shares in the company, valued at $18,031,601.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $173.24, for a total transaction of $9,528,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 391,461 shares of company stock worth $60,325,530. 16.25% of the stock is owned by company insiders.
NASDAQ FB opened at $161.88 on Wednesday. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62. The company has a market cap of $466.17 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.17 and a beta of 0.88.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.20. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The company had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.40 billion. During the same quarter last year, the business earned $1.44 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. On average, equities analysts forecast that Facebook, Inc. will post 7.53 earnings per share for the current year.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Wednesday, January 2nd. Goldman Sachs Group reissued a “buy” rating and set a $195.00 price objective on shares of Facebook in a research report on Wednesday, January 16th. Citigroup reaffirmed a “buy” rating and set a $185.00 price target (up previously from $175.00) on shares of Facebook in a report on Thursday, January 31st. Wedbush dropped their price target on shares of Facebook to $200.00 and set a “buy” rating on the stock in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $195.00 price target on shares of Facebook in a report on Tuesday, January 8th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-eight have assigned a buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus target price of $191.06.
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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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