CMH Wealth Management LLC Sells 3,465 Shares of Facebook Inc (FB)

CMH Wealth Management LLC lowered its position in Facebook Inc (NASDAQ:FB) by 15.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,058 shares of the social networking company’s stock after selling 3,465 shares during the period. Facebook accounts for about 2.4% of CMH Wealth Management LLC’s holdings, making the stock its 12th biggest position. CMH Wealth Management LLC’s holdings in Facebook were worth $3,230,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FB. Mutual of America Capital Management LLC lifted its holdings in Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after acquiring an additional 6,740 shares during the period. Palisade Capital Management LLC NJ lifted its holdings in Facebook by 2.4% during the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after acquiring an additional 602 shares during the period. ING Groep NV lifted its holdings in Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after acquiring an additional 37,822 shares during the period. Grand Jean Capital Management Inc. lifted its holdings in Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after acquiring an additional 15,910 shares during the period. Finally, Segment Wealth Management LLC lifted its holdings in Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after acquiring an additional 4,485 shares during the period. Institutional investors own 57.71% of the company’s stock.

Facebook Inc (NASDAQ:FB) opened at $177.20 on Friday. The firm has a market capitalization of $514,910.00, a price-to-earnings ratio of 32.94, a PEG ratio of 1.13 and a beta of 0.69. Facebook Inc has a 52-week low of $114.77 and a 52-week high of $184.25.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the sale, the vice president now owns 92,591 shares of the company’s stock, valued at $15,204,368.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David B. Fischer sold 16,621 shares of Facebook stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,818,989 shares of company stock valued at $861,374,803. 17.23% of the stock is owned by company insiders.

FB has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Vetr lowered Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price target on the stock. in a report on Thursday, December 7th. UBS Group set a $208.00 price target on Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 price target on Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Facebook in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus price target of $200.81.

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About Facebook

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)

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