First Trust Advisors LP Reduces Holdings in Facebook Inc (FB)

First Trust Advisors LP trimmed its holdings in shares of Facebook Inc (NASDAQ:FB) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,269,074 shares of the social networking company’s stock after selling 49,505 shares during the period. Facebook accounts for 1.4% of First Trust Advisors LP’s portfolio, making the stock its 3rd biggest position. First Trust Advisors LP owned approximately 0.11% of Facebook worth $558,587,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. D. Scott Neal Inc. grew its position in shares of Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook during the second quarter worth about $138,000. Vigilant Capital Management LLC grew its position in shares of Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares during the last quarter. Odey Holdings AG grew its position in shares of Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after acquiring an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Facebook during the second quarter worth about $165,000. 57.72% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on FB shares. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays increased their target price on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and issued a $185.00 target price on shares of Facebook in a research report on Friday, September 1st. Finally, Needham & Company LLC increased their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and an average price target of $200.81.

In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $170.10, for a total value of $127,575.00. Following the completion of the transaction, the vice president now directly owns 92,191 shares of the company’s stock, valued at $15,681,689.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $172.89, for a total value of $2,766,240.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,818,239 shares of company stock worth $861,251,645. 17.23% of the stock is currently owned by corporate insiders.

Shares of Facebook Inc (NASDAQ FB) opened at $177.62 on Thursday. The stock has a market cap of $516,130.00, a price-to-earnings ratio of 33.01, 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 data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. equities research analysts forecast that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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