Campbell Newman Asset Management Inc. Trims Stake in Facebook, Inc. (NASDAQ:FB)

Campbell Newman Asset Management Inc. lowered its holdings in Facebook, Inc. (NASDAQ:FB) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,733 shares of the social networking company’s stock after selling 59 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Facebook were worth $1,377,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FB. Boltwood Capital Management raised its stake in shares of Facebook by 1.0% in the second quarter. Boltwood Capital Management now owns 6,758 shares of the social networking company’s stock worth $1,304,000 after purchasing an additional 65 shares during the last quarter. Park National Corp OH raised its stake in shares of Facebook by 0.7% in the second quarter. Park National Corp OH now owns 202,943 shares of the social networking company’s stock worth $39,168,000 after purchasing an additional 1,427 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Facebook by 2.1% in the second quarter. Private Trust Co. NA now owns 19,146 shares of the social networking company’s stock worth $3,695,000 after purchasing an additional 387 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of Facebook by 19.8% in the second quarter. Baystate Wealth Management LLC now owns 4,432 shares of the social networking company’s stock worth $855,000 after purchasing an additional 734 shares during the last quarter. Finally, Private Asset Management Inc. purchased a new position in shares of Facebook in the second quarter worth about $212,000. Institutional investors own 63.23% of the company’s stock.

Several research analysts recently weighed in on the company. ValuEngine cut Facebook from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Rosenblatt Securities set a $242.00 price target on Facebook and gave the company a “buy” rating in a research report on Tuesday, October 15th. Summit Redstone assumed coverage on Facebook in a research report on Friday, September 27th. They set a “buy” rating for the company. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Facebook in a research report on Monday, July 22nd. Finally, Jefferies Financial Group lifted their price target on Facebook from $230.00 to $250.00 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 given a hold rating and forty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $223.11.

FB stock opened at $186.15 on Thursday. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $531.08 billion, a PE ratio of 24.59, a P/E/G ratio of 1.06 and a beta of 1.02. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66. The business’s fifty day moving average price is $184.30 and its 200 day moving average price is $186.25.

Facebook (NASDAQ:FB) last released its 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 firm had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the previous year, the firm posted $1.74 EPS. Facebook’s revenue for the quarter was up 27.6% on a year-over-year basis. Research analysts predict that Facebook, Inc. will post 7.99 EPS for the current fiscal year.

In other news, CRO David B. Fischer sold 5,501 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total transaction of $1,082,816.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 have sold a total of 4,232,038 shares of company stock valued at $779,822,243 over the last three months. 14.53% of the stock is currently owned by insiders.

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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