Waters Parkerson & CO. LLC Lowers Holdings in Facebook Inc (FB)

Waters Parkerson & CO. LLC lessened its holdings in shares of Facebook Inc (NASDAQ:FB) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,713 shares of the social networking company’s stock after selling 7,078 shares during the quarter. Facebook makes up 3.4% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 4th largest holding. Waters Parkerson & CO. LLC’s holdings in Facebook were worth $38,909,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Facebook in the 3rd quarter valued at approximately $111,000. Stelac Advisory Services LLC bought a new stake in shares of Facebook in the 3rd quarter valued at approximately $152,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Facebook in the 2nd quarter valued at approximately $138,000. Odey Holdings AG grew its stake in shares of Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Facebook in the 2nd quarter valued at approximately $165,000. 57.32% of the stock is currently owned by institutional investors.

In other Facebook news, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $176.85, for a total value of $2,829,600.00. Following the completion of the sale, the insider now owns 48,407 shares in the company, valued at $8,560,777.95. The disclosure for this sale can be found here. Insiders sold 2,762,530 shares of company stock worth $490,711,179 over the last quarter. Company insiders own 17.23% of the company’s stock.

Several equities research analysts recently commented on FB shares. Morgan Stanley set a $200.00 price target on Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Needham & Company LLC boosted their price target on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 price target on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 price target for the company in a research note on Tuesday, December 19th. Finally, Canaccord Genuity boosted their price target on Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average target price of $214.70.

Facebook Inc (FB) opened at $178.99 on Friday. The company has a market capitalization of $519,970.00, a price-to-earnings ratio of 33.21, a P/E/G ratio of 0.92 and a beta of 0.58. Facebook Inc has a 12 month low of $134.16 and a 12 month high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. equities research analysts forecast that Facebook Inc will post 7.28 EPS for the current fiscal year.

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Facebook Company Profile

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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