Syntal Capital Partners LLC Sells 445 Shares of Facebook Inc (FB)

Syntal Capital Partners LLC lowered its position in Facebook Inc (NASDAQ:FB) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,183 shares of the social networking company’s stock after selling 445 shares during the quarter. Syntal Capital Partners LLC’s holdings in Facebook were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FB. Hartford Financial Management Inc. raised its holdings in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after purchasing an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC raised its holdings in Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after purchasing an additional 19 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its holdings in Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after purchasing an additional 30 shares in the last quarter. Finally, Aspen Investment Management Inc increased its holdings in shares of Facebook by 0.4% in the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares during the period. Institutional investors own 57.73% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 246,237 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $172.60, for a total transaction of $42,500,506.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,390,419 shares of company stock worth $788,084,203 over the last 90 days. Insiders own 17.23% of the company’s stock.

Shares of Facebook Inc (FB) opened at $187.87 on Wednesday. The company has a market cap of $545,910.00, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Facebook Inc has a 1 year low of $124.06 and a 1 year high of $188.90.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business’s revenue was up 47.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. analysts forecast that Facebook Inc will post 5.86 EPS for the current year.

A number of equities analysts have recently commented on FB shares. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Friday, October 20th. Morgan Stanley set a $200.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their target price on shares of Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Canaccord Genuity lifted their target price on shares of Facebook from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and a consensus price target of $202.56.

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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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