Facebook, Inc. (FB) Position Reduced by Dixon Hubard Feinour & Brown Inc. VA

Dixon Hubard Feinour & Brown Inc. VA cut its position in shares of Facebook, Inc. (NASDAQ:FB) by 1.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 56,895 shares of the social networking company’s stock after selling 920 shares during the period. Facebook makes up 2.5% of Dixon Hubard Feinour & Brown Inc. VA’s investment portfolio, making the stock its 6th largest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Facebook were worth $8,590,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Meridian Wealth Management LLC purchased a new position in shares of Facebook during the fourth quarter worth approximately $4,731,000. Lyell Wealth Management LP purchased a new position in shares of Facebook during the fourth quarter worth approximately $3,931,000. Polen Capital Management LLC raised its position in shares of Facebook by 8.2% in the fourth quarter. Polen Capital Management LLC now owns 5,003,453 shares of the social networking company’s stock worth $575,647,000 after buying an additional 380,640 shares in the last quarter. Shelton Capital Management raised its position in shares of Facebook by 3.5% in the fourth quarter. Shelton Capital Management now owns 253,037 shares of the social networking company’s stock worth $29,112,000 after buying an additional 8,513 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Facebook by 14,147.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 156,008 shares of the social networking company’s stock valued at $156,000 after buying an additional 154,913 shares during the period. Institutional investors and hedge funds own 57.40% of the company’s stock.

Shares of Facebook, Inc. (FB) traded up 0.30% during trading on Friday, reaching $167.41. 15,093,638 shares of the company were exchanged. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49. The firm has a 50-day moving average price of $163.85 and a 200-day moving average price of $148.79. The stock has a market capitalization of $486.19 billion, a P/E ratio of 37.47 and a beta of 0.70.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 44.8% compared to the same quarter last year. Equities research analysts predict that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Facebook, Inc. (FB) Position Reduced by Dixon Hubard Feinour & Brown Inc. VA” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/dixon-hubard-feinour-brown-inc-va-has-8-59-million-position-in-facebook-inc-fb-updated-updated-updated.html.

Several analysts recently weighed in on the company. UBS AG set a $168.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, May 4th. Robert W. Baird restated an “outperform” rating and set a $163.00 price objective on shares of Facebook in a research report on Thursday, May 4th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $154.73 price objective for the company in a research report on Wednesday, May 17th. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Mizuho restated a “buy” rating on shares of Facebook in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. Facebook has an average rating of “Buy” and an average price target of $183.47.

In other Facebook news, Director Peter Thiel sold 60,316 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $172.25, for a total value of $10,389,431.00. Following the sale, the director now owns 6,311 shares of the company’s stock, valued at $1,087,069.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan Koum sold 3,600,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total transaction of $576,216,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,702,398 shares of company stock worth $2,054,828,660. 19.08% of the stock is owned by insiders.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

What are top analysts saying about Facebook Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Facebook Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit