Fishman Jay A Ltd. MI Cuts Position in Facebook, Inc. (NASDAQ:FB)

Fishman Jay A Ltd. MI decreased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,050 shares of the social networking company’s stock after selling 7,372 shares during the period. Facebook makes up 4.9% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 6th largest holding. Fishman Jay A Ltd. MI’s holdings in Facebook were worth $26,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FB. Manitou Investment Management Ltd. raised its holdings in Facebook by 14.1% in the third quarter. Manitou Investment Management Ltd. now owns 3,730 shares of the social networking company’s stock worth $664,000 after buying an additional 460 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Facebook by 7.4% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 18,783 shares of the social networking company’s stock valued at $3,345,000 after purchasing an additional 1,293 shares during the last quarter. Taylor Hoffman Wealth Management raised its holdings in shares of Facebook by 19.1% during the third quarter. Taylor Hoffman Wealth Management now owns 2,620 shares of the social networking company’s stock valued at $467,000 after purchasing an additional 421 shares during the last quarter. Lenox Wealth Management Inc. raised its holdings in shares of Facebook by 24.1% during the third quarter. Lenox Wealth Management Inc. now owns 1,598 shares of the social networking company’s stock valued at $284,000 after purchasing an additional 310 shares during the last quarter. Finally, Principle Wealth Partners LLC raised its holdings in shares of Facebook by 3.0% during the third quarter. Principle Wealth Partners LLC now owns 10,397 shares of the social networking company’s stock valued at $1,851,000 after purchasing an additional 300 shares during the last quarter. 63.17% of the stock is owned by institutional investors.

In other Facebook news, CRO David B. Fischer sold 5,562 shares of Facebook stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $196.60, for a total transaction of $1,093,489.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 sale, the chief accounting officer now directly owns 1,037 shares in the company, valued at approximately $192,311.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,681,364 shares of company stock valued at $867,172,511. Insiders own 14.53% of the company’s stock.

Shares of NASDAQ:FB traded up $0.42 during midday trading on Friday, reaching $190.84. 10,760,700 shares of the company were exchanged, compared to its average volume of 16,776,678. The business’s fifty day moving average is $185.37 and its two-hundred day moving average is $187.27. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock has a market cap of $554.39 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.05. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The firm had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the firm posted $1.76 EPS. Facebook’s revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts expect that Facebook, Inc. will post 8.57 EPS for the current year.

Several analysts recently issued reports on the stock. Wedbush cut their target price on shares of Facebook from $265.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus restated a “hold” rating and set a $205.00 target price (up from $180.00) on shares of Facebook in a research report on Monday, October 28th. They noted that the move was a valuation call. Susquehanna Bancshares boosted their target price on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Canaccord Genuity boosted their target price on shares of Facebook from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Monness Crespi & Hardt boosted their target price on shares of Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $228.33.

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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