Facebook, Inc. (NASDAQ:FB) Shares Sold by IFG Advisory LLC

IFG Advisory LLC lessened its stake in Facebook, Inc. (NASDAQ:FB) by 4.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,051 shares of the social networking company’s stock after selling 343 shares during the period. IFG Advisory LLC’s holdings in Facebook were worth $1,360,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its position in shares of Facebook by 13,908.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Facebook by 1.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,604,448 shares of the social networking company’s stock worth $1,853,658,000 after purchasing an additional 101,003 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Facebook by 16.8% during the 1st quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock worth $1,464,134,000 after purchasing an additional 1,266,152 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Facebook by 8.2% during the 2nd quarter. Janus Henderson Group PLC now owns 8,257,177 shares of the social networking company’s stock worth $1,593,606,000 after purchasing an additional 628,233 shares during the last quarter. Finally, Flossbach Von Storch AG lifted its position in shares of Facebook by 49.5% during the 4th quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after purchasing an additional 1,370,767 shares during the last quarter. Hedge funds and other institutional investors own 62.44% of the company’s stock.

Several research firms have recently issued reports on FB. Citigroup lifted their price objective on shares of Facebook from $212.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. MKM Partners reissued a “buy” rating and issued a $245.00 price target (up from $190.00) on shares of Facebook in a research report on Friday, August 2nd. Loop Capital boosted their price target on shares of Facebook from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Canaccord Genuity boosted their price target on shares of Facebook from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, UBS Group reissued a “buy” rating and issued a $240.00 price target on shares of Facebook in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $220.92.

Shares of Facebook stock traded down $2.73 during trading hours on Friday, reaching $179.31. The company’s stock had a trading volume of 4,633,252 shares, compared to its average volume of 17,249,236. The company’s 50 day simple moving average is $193.79 and its 200 day simple moving average is $180.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The stock has a market cap of $524.40 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The firm had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. Facebook’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period last year, the firm posted $1.74 EPS. On average, sell-side analysts predict that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

In other Facebook news, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 125,600 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $184.50, for a total transaction of $23,173,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,337,995 shares of company stock worth $248,254,692. 14.53% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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