Parkside Investments LLC Sells 950 Shares of Facebook, Inc. (NASDAQ:FB)

Parkside Investments LLC lessened its position in shares of Facebook, Inc. (NASDAQ:FB) by 4.3% in the second quarter, Holdings Channel.com reports. The firm owned 21,265 shares of the social networking company’s stock after selling 950 shares during the period. Parkside Investments LLC’s holdings in Facebook were worth $4,104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FB. NJ State Employees Deferred Compensation Plan boosted its stake in Facebook by 17.6% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 40,000 shares of the social networking company’s stock worth $5,244,000 after buying an additional 6,000 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its stake in Facebook by 21.3% in the 4th quarter. Osborn Williams & Donohoe LLC now owns 9,747 shares of the social networking company’s stock worth $1,278,000 after buying an additional 1,710 shares during the last quarter. New Jersey Better Educational Savings Trust boosted its stake in Facebook by 23.1% in the 4th quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the social networking company’s stock worth $2,097,000 after buying an additional 3,000 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its stake in Facebook by 2.1% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 12,499 shares of the social networking company’s stock worth $1,638,000 after buying an additional 255 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in Facebook by 14.2% in the 4th quarter. Berkshire Asset Management LLC PA now owns 3,136 shares of the social networking company’s stock worth $411,000 after buying an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 62.11% of the company’s stock.

FB stock traded up $1.11 during midday trading on Friday, hitting $183.70. 12,654,600 shares of the company’s stock were exchanged, compared to its average volume of 17,631,084. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66. The firm has a 50 day moving average price of $194.93 and a 200-day moving average price of $180.55. The stock has a market capitalization of $520.92 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.07 and a beta of 0.99.



Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the business earned $1.74 EPS. Facebook’s revenue for the quarter was up 27.6% compared to the same quarter last year. On average, sell-side analysts forecast that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 133,100 shares of Facebook stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $188.66, for a total transaction of $25,110,646.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan J.S. Taylor sold 1,472 shares of Facebook stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $181.89, for a total value of $267,742.08. Following the sale, the insider now owns 569 shares in the company, valued at $103,495.41. The disclosure for this sale can be found here. Insiders have sold a total of 863,283 shares of company stock worth $160,819,836 over the last 90 days. 14.53% of the stock is owned by company insiders.

FB has been the topic of a number of research analyst reports. China Renaissance Securities initiated coverage on Facebook in a research note on Wednesday, May 29th. They issued a “buy” rating and a $245.00 price target on the stock. KeyCorp raised their price target on Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Cleveland Research restated a “buy” rating on shares of Facebook in a report on Monday, April 22nd. Credit Suisse Group raised their price objective on Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, UBS Group restated a “buy” rating and issued a $240.00 price objective on shares of Facebook in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $220.92.

About Facebook

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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