Winthrop Advisory Group LLC Has $1.29 Million Stock Position in Facebook, Inc. (NASDAQ:FB)

Winthrop Advisory Group LLC lowered its position in shares of Facebook, Inc. (NASDAQ:FB) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,811 shares of the social networking company’s stock after selling 280 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Facebook were worth $1,293,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FB. Amundi acquired a new stake in Facebook in the 2nd quarter valued at about $1,797,555,000. Macquarie Group Ltd. boosted its stake in shares of Facebook by 664.2% in the 2nd quarter. Macquarie Group Ltd. now owns 4,442,933 shares of the social networking company’s stock valued at $1,544,853,000 after purchasing an additional 3,861,530 shares during the last quarter. FMR LLC boosted its stake in shares of Facebook by 1.7% in the 2nd quarter. FMR LLC now owns 127,113,861 shares of the social networking company’s stock valued at $44,198,761,000 after purchasing an additional 2,129,463 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Facebook by 621.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,598,599 shares of the social networking company’s stock valued at $555,849,000 after purchasing an additional 1,377,049 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in shares of Facebook by 146.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,284,360 shares of the social networking company’s stock valued at $794,294,000 after purchasing an additional 1,357,667 shares during the last quarter. Institutional investors and hedge funds own 65.74% of the company’s stock.

In other Facebook news, CAO Susan J.S. Taylor sold 1,378 shares of the business’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $344.22, for a total transaction of $474,335.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 77,300 shares of the company’s stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $370.69, for a total value of $28,654,337.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,893,113 shares of company stock valued at $660,001,361. 14.01% of the stock is currently owned by company insiders.

FB stock traded up $3.81 during midday trading on Thursday, reaching $341.06. 13,552,153 shares of the company were exchanged, compared to its average volume of 18,765,395. The business has a 50-day moving average price of $336.80 and a two-hundred day moving average price of $344.31. Facebook, Inc. has a one year low of $244.61 and a one year high of $384.33. The firm has a market capitalization of $948.75 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Sunday, October 24th. The social networking company reported $3.22 EPS for the quarter, topping the Zacks’ consensus estimate of $3.19 by $0.03. Facebook had a net margin of 35.88% and a return on equity of 30.22%. The firm had revenue of $29.01 billion during the quarter, compared to analysts’ expectations of $29.52 billion. During the same period in the previous year, the business posted $2.71 earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. On average, research analysts expect that Facebook, Inc. will post 13.96 EPS for the current year.

Several brokerages have recently issued reports on FB. Royal Bank of Canada reduced their target price on shares of Facebook from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 26th. Canaccord Genuity lifted their price objective on shares of Facebook from $380.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Raymond James reduced their price objective on shares of Facebook from $450.00 to $410.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 26th. They noted that the move was a valuation call. Truist Securities lifted their price objective on shares of Facebook from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Finally, Credit Suisse Group dropped their target price on shares of Facebook from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Tuesday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $398.00.

Facebook Company Profile

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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