McKinley Carter Wealth Services Inc. trimmed its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,761 shares of the social networking company’s stock after selling 113 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Facebook were worth $1,247,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in Facebook by 42.6% during the 2nd quarter. AE Wealth Management LLC now owns 82,420 shares of the social networking company’s stock valued at $18,715,000 after acquiring an additional 24,635 shares during the period. Sarasin & Partners LLP boosted its holdings in Facebook by 223.4% during the 2nd quarter. Sarasin & Partners LLP now owns 256,493 shares of the social networking company’s stock valued at $58,242,000 after acquiring an additional 177,179 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Facebook by 7.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,764 shares of the social networking company’s stock valued at $2,018,000 after buying an additional 563 shares during the period. Donaldson Capital Management LLC boosted its stake in shares of Facebook by 23.3% in the 2nd quarter. Donaldson Capital Management LLC now owns 1,596 shares of the social networking company’s stock valued at $362,000 after buying an additional 302 shares during the period. Finally, Clarius Group LLC boosted its stake in shares of Facebook by 3.8% in the 3rd quarter. Clarius Group LLC now owns 41,396 shares of the social networking company’s stock valued at $10,842,000 after buying an additional 1,521 shares during the period. Institutional investors own 65.31% of the company’s stock.
NASDAQ:FB opened at $265.93 on Friday. The firm has a market cap of $757.59 billion, a P/E ratio of 32.47, a PEG ratio of 1.80 and a beta of 1.29. The stock’s 50 day simple moving average is $268.73 and its 200-day simple moving average is $234.17. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $304.67.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.36. Facebook had a return on equity of 22.90% and a net margin of 31.29%. The firm had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. On average, analysts expect that Facebook, Inc. will post 8.11 earnings per share for the current fiscal year.
FB has been the subject of several recent research reports. Moffett Nathanson lifted their price objective on Facebook from $240.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Barclays lifted their price objective on Facebook from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. JMP Securities lifted their price objective on Facebook from $250.00 to $305.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Tigress Financial reiterated a “buy” rating on shares of Facebook in a research note on Tuesday, September 1st. Finally, Raymond James boosted their target price on Facebook from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $283.11.
In other Facebook news, CRO David B. Fischer sold 13,110 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $293.95, for a total transaction of $3,853,684.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $296,154.87. Following the sale, the chief accounting officer now owns 4,182 shares in the company, valued at $1,093,132.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,023 shares of company stock worth $9,420,337. Company insiders own 14.14% of the company’s stock.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
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