Facebook, Inc. (NASDAQ:FB) Shares Sold by PFG Advisors

PFG Advisors cut its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,158 shares of the social networking company’s stock after selling 89 shares during the quarter. PFG Advisors’ holdings in Facebook were worth $831,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of FB. Oregon Public Employees Retirement Fund raised its holdings in Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after purchasing an additional 70,263,213 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Facebook by 19,805.8% in the second quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock worth $226,408,000 after acquiring an additional 2,252,709 shares during the last quarter. Investec Asset Management LTD raised its holdings in shares of Facebook by 5,632.6% in the second quarter. Investec Asset Management LTD now owns 2,182,413 shares of the social networking company’s stock worth $421,206,000 after acquiring an additional 2,144,343 shares during the last quarter. Sanders Capital LLC raised its holdings in shares of Facebook by 132.5% in the fourth quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after acquiring an additional 2,031,500 shares during the last quarter. Finally, Flossbach Von Storch AG raised its holdings in shares of Facebook by 49.5% in the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after acquiring an additional 1,370,767 shares during the last quarter. 62.44% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on FB shares. Cowen reissued an “outperform” rating and issued a $225.00 price target (up from $195.00) on shares of Facebook in a report on Thursday, April 25th. China Renaissance Securities started coverage on Facebook in a research report on Wednesday, May 29th. They issued a “buy” rating and a $245.00 price objective for the company. JMP Securities lifted their price objective on Facebook from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $175.00 price objective (up previously from $155.00) on shares of Facebook in a research report on Thursday, April 25th. Finally, DZ Bank raised Facebook from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus target price of $220.92.



In other Facebook news, CRO David B. Fischer sold 5,501 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total transaction of $1,082,816.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $182.63, for a total value of $10,044,650.00. The disclosure for this sale can be found here. Insiders have sold 1,336,861 shares of company stock worth $248,044,391 in the last 90 days. 14.53% of the stock is currently owned by insiders.

Shares of NASDAQ:FB traded down $2.58 during trading on Thursday, hitting $180.97. The company’s stock had a trading volume of 4,421,790 shares, compared to its average volume of 17,474,040. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The stock’s 50-day moving average price is $194.09 and its two-hundred day moving average price is $180.80. The company has a market capitalization of $531.13 billion, a PE ratio of 23.91, a PEG ratio of 1.09 and a beta of 0.99.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The company’s revenue was up 27.6% compared to the same quarter last year. On average, equities analysts predict that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

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.

Further Reading: Why is cost of goods sold important?

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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