Jaffetilchin Investment Partners LLC lowered its position in Facebook Inc (NASDAQ:FB) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,056 shares of the social networking company’s stock after selling 1,111 shares during the quarter. Facebook accounts for approximately 1.8% of Jaffetilchin Investment Partners LLC’s investment portfolio, making the stock its 14th largest position. Jaffetilchin Investment Partners LLC’s holdings in Facebook were worth $5,304,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Facebook during the 3rd quarter valued at approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new stake in Facebook during the 2nd quarter valued at approximately $138,000. Stelac Advisory Services LLC acquired a new stake in Facebook during the 3rd quarter valued at approximately $152,000. Odey Holdings AG increased its position in Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after purchasing an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new stake in Facebook during the 2nd quarter valued at approximately $165,000. 58.48% of the stock is owned by institutional investors.
In other news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $178.10, for a total transaction of $2,849,600.00. Following the completion of the sale, the insider now directly owns 16,010 shares of the company’s stock, valued at approximately $2,851,381. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $179.76, for a total value of $134,820.00. Following the completion of the sale, the vice president now directly owns 82,546 shares of the company’s stock, valued at approximately $14,838,468.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,467,131 shares of company stock valued at $798,223,122. Insiders own 17.23% of the company’s stock.
Shares of Facebook Inc (FB) opened at $184.76 on Tuesday. Facebook Inc has a 12-month low of $137.60 and a 12-month high of $195.32. The stock has a market capitalization of $536,730.00, a price-to-earnings ratio of 29.99, a PEG ratio of 0.96 and a beta of 0.64.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $12.58 billion. analysts predict that Facebook Inc will post 7.28 EPS for the current year.
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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.
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