Aspiriant LLC lessened its position in Facebook, Inc. (NASDAQ:FB) by 4.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,820 shares of the social networking company’s stock after selling 2,604 shares during the period. Facebook makes up 0.8% of Aspiriant LLC’s holdings, making the stock its 25th largest position. Aspiriant LLC’s holdings in Facebook were worth $9,047,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Advantage Inc. acquired a new stake in shares of Facebook during the third quarter worth $28,000. Cordasco Financial Network raised its position in shares of Facebook by 70.0% during the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock worth $33,000 after purchasing an additional 70 shares during the period. Shamrock Asset Management LLC acquired a new stake in shares of Facebook during the second quarter worth $38,000. Clean Yield Group acquired a new stake in shares of Facebook during the second quarter worth $39,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Facebook during the second quarter worth $41,000. 63.17% of the stock is currently owned by institutional investors.
In other news, CRO David B. Fischer sold 5,562 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $196.60, for a total transaction of $1,093,489.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 76,484 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.34, for a total value of $13,410,704.56. The disclosure for this sale can be found here. Insiders sold 4,681,364 shares of company stock worth $867,172,511 in the last 90 days. Corporate insiders own 14.53% of the company’s stock.
Shares of NASDAQ FB opened at $190.42 on Friday. The business’s 50-day moving average price is $185.35 and its two-hundred day moving average price is $187.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The company has a market capitalization of $554.39 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.05.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities analysts anticipate that Facebook, Inc. will post 8.57 EPS for the current year.
A number of brokerages have recently weighed in on FB. BidaskClub upgraded Facebook from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. KeyCorp lifted their price target on Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Aegis reiterated a “buy” rating on shares of Facebook in a report on Monday. Guggenheim reiterated a “hold” rating on shares of Facebook in a report on Tuesday, September 10th. Finally, Nomura lifted their price target on Facebook from $235.00 to $253.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $228.33.
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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