Ingalls & Snyder LLC Reduces Position in Facebook, Inc. (NASDAQ:FB)

Ingalls & Snyder LLC cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,767 shares of the social networking company’s stock after selling 145 shares during the quarter. Ingalls & Snyder LLC’s holdings in Facebook were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. United Bank boosted its position in shares of Facebook by 32.7% during the second quarter. United Bank now owns 2,499 shares of the social networking company’s stock valued at $482,000 after buying an additional 616 shares during the period. Arjuna Capital boosted its position in shares of Facebook by 40.1% during the second quarter. Arjuna Capital now owns 10,313 shares of the social networking company’s stock valued at $1,991,000 after buying an additional 2,954 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of Facebook by 1.8% during the second quarter. Silvercrest Asset Management Group LLC now owns 124,998 shares of the social networking company’s stock valued at $24,124,000 after buying an additional 2,266 shares during the period. Wafra Inc. boosted its position in shares of Facebook by 12.5% during the second quarter. Wafra Inc. now owns 174,215 shares of the social networking company’s stock valued at $33,623,000 after buying an additional 19,400 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of Facebook by 1,832.1% during the second quarter. Balyasny Asset Management LLC now owns 321,885 shares of the social networking company’s stock valued at $62,124,000 after buying an additional 305,225 shares during the period. 63.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FB opened at $221.15 on Thursday. The firm has a 50 day moving average of $205.75 and a 200 day moving average of $193.71. The company has a market capitalization of $624.70 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 52 week low of $142.52 and a 52 week high of $222.38.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.21. The business had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The business’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 earnings per share. On average, sell-side analysts expect that Facebook, Inc. will post 8.48 EPS for the current year.

In other news, CEO Mark Zuckerberg sold 7,500 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.62, for a total transaction of $1,407,150.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total value of $224,991.14. Following the transaction, the chief accounting officer now directly owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,228,140 shares of company stock worth $233,184,417. Insiders own 14.53% of the company’s stock.

Several brokerages have issued reports on FB. Morgan Stanley boosted their target price on Facebook from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Rosenblatt Securities set a $242.00 target price on Facebook and gave the company a “buy” rating in a research report on Tuesday, October 15th. Aegis boosted their target price on Facebook from $235.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Goldman Sachs Group set a $231.00 target price on Facebook and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, ValuEngine upgraded Facebook from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average target price of $238.04.

Facebook Company Profile

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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