CENTRAL TRUST Co Reduces Position in Facebook, Inc. Common Stock (FB)

CENTRAL TRUST Co cut its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 17.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,594 shares of the social networking company’s stock after selling 7,978 shares during the period. CENTRAL TRUST Co’s holdings in Facebook, Inc. Common Stock were worth $7,111,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in Facebook, Inc. Common Stock by 2.0% during the first quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after purchasing an additional 2,966,437 shares during the period. Geode Capital Management LLC raised its position in Facebook, Inc. Common Stock by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after purchasing an additional 1,010,306 shares during the period. Alliancebernstein L.P. raised its position in Facebook, Inc. Common Stock by 3.1% during the fourth quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock valued at $2,669,014,000 after purchasing an additional 458,048 shares during the period. Loomis Sayles & Co. L P raised its position in Facebook, Inc. Common Stock by 0.5% during the first quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock valued at $2,067,249,000 after purchasing an additional 58,561 shares during the period. Finally, Summit Trail Advisors LLC raised its position in Facebook, Inc. Common Stock by 4,170.3% during the first quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock valued at $9,071,000 after purchasing an additional 8,858,520 shares during the period. 60.42% of the stock is owned by institutional investors.

FB opened at $161.36 on Friday. The firm has a market cap of $482.06 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.06 and a beta of 0.49. Facebook, Inc. Common Stock has a 52 week low of $149.02 and a 52 week high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.01). The firm had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 earnings per share. equities analysts predict that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on FB shares. Citigroup downgraded Facebook, Inc. Common Stock to a “buy” rating and decreased their price objective for the company from $220.00 to $210.00 in a research report on Thursday, July 26th. They noted that the move was a valuation call. Credit Suisse Group set a $265.00 price objective on Facebook, Inc. Common Stock and gave the company a “buy” rating in a research report on Monday, July 16th. Goldman Sachs Group restated a “buy” rating and set a $225.00 price objective on shares of Facebook, Inc. Common Stock in a research report on Monday, July 23rd. Pivotal Research restated a “sell” rating and set a $138.00 price objective on shares of Facebook, Inc. Common Stock in a research report on Friday, June 29th. Finally, BidaskClub upgraded Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Tuesday, July 17th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Facebook, Inc. Common Stock has a consensus rating of “Buy” and a consensus target price of $207.96.

In other Facebook, Inc. Common Stock news, VP Colin Stretch sold 750 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $199.00, for a total transaction of $149,250.00. Following the sale, the vice president now owns 91,615 shares of the company’s stock, valued at approximately $18,231,385. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $166.07, for a total value of $9,133,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,876,913 shares of company stock worth $1,906,192,582 over the last 90 days. 17.23% of the stock is currently owned by company insiders.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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