Burns J W & Co. Inc. NY Cuts Position in Facebook, Inc. (NASDAQ:FB)

Burns J W & Co. Inc. NY lessened its holdings in Facebook, Inc. (NASDAQ:FB) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 16,349 shares of the social networking company’s stock after selling 290 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Facebook were worth $2,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Biegel & Waller LLC boosted its holdings in Facebook by 2.2% in the second quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock worth $451,000 after purchasing an additional 50 shares during the last quarter. Hyman Charles D raised its position in Facebook by 0.9% in the second quarter. Hyman Charles D now owns 5,861 shares of the social networking company’s stock worth $1,131,000 after acquiring an additional 50 shares during the period. MBM Wealth Consultants LLC raised its position in Facebook by 2.5% in the second quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the social networking company’s stock worth $409,000 after acquiring an additional 51 shares during the period. Perkins Coie Trust Co raised its position in Facebook by 3.5% in the second quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock worth $294,000 after acquiring an additional 52 shares during the period. Finally, Regal Wealth Group Inc. raised its position in Facebook by 4.1% in the second quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock worth $274,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 63.18% of the company’s stock.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $200.81, for a total value of $11,044,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,134 shares of Facebook stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total transaction of $210,300.30. Following the completion of the transaction, the chief accounting officer now directly owns 1,037 shares of the company’s stock, valued at $192,311.65. The disclosure for this sale can be found here. Insiders have sold 3,604,556 shares of company stock valued at $664,101,293 over the last ninety days. 14.53% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on FB. Bank of America set a $224.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, July 19th. Susquehanna Bancshares increased their price target on shares of Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Morgan Stanley increased their price target on shares of Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. ValuEngine downgraded shares of Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Deutsche Bank set a $230.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and forty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $220.81.

FB traded up $5.69 during trading on Friday, hitting $185.72. 9,413,717 shares of the company traded hands, compared to its average volume of 13,372,172. The company has a market cap of $528.57 billion, a PE ratio of 24.53, a P/E/G ratio of 1.04 and a beta of 1.02. The stock’s 50-day simple moving average is $183.25 and its two-hundred day simple moving average is $185.07. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $208.66. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last posted its earnings results 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 company had revenue of $16.89 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. Equities analysts expect that Facebook, Inc. will post 7.99 EPS for the current year.

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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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