Facebook Inc (FB) Shares Sold by Bray Capital Advisors

Bray Capital Advisors reduced its holdings in Facebook Inc (NASDAQ:FB) by 2.3% in the third quarter, HoldingsChannel reports. The firm owned 24,177 shares of the social networking company’s stock after selling 575 shares during the period. Facebook makes up about 2.2% of Bray Capital Advisors’ investment portfolio, making the stock its 9th biggest holding. Bray Capital Advisors’ holdings in Facebook were worth $4,131,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of FB. American National Bank boosted its position in shares of Facebook by 3.8% during the second quarter. American National Bank now owns 34,608 shares of the social networking company’s stock valued at $5,225,000 after buying an additional 1,274 shares during the last quarter. Lau Associates LLC boosted its position in Facebook by 5.3% in the second quarter. Lau Associates LLC now owns 9,950 shares of the social networking company’s stock worth $1,502,000 after purchasing an additional 500 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Facebook by 4.0% in the second quarter. Xact Kapitalforvaltning AB now owns 412,251 shares of the social networking company’s stock worth $62,242,000 after purchasing an additional 15,972 shares during the last quarter. Centre Asset Management LLC boosted its position in Facebook by 5.2% in the second quarter. Centre Asset Management LLC now owns 116,950 shares of the social networking company’s stock worth $17,657,000 after purchasing an additional 5,770 shares during the last quarter. Finally, Trust Co boosted its position in Facebook by 3.1% in the first quarter. Trust Co now owns 11,931 shares of the social networking company’s stock worth $1,695,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

In related news, Director Peter Thiel sold 160,805 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the transaction, the director now directly owns 6,311 shares in the company, valued at $1,129,037.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,182,199 shares of company stock worth $752,724,430. 17.23% of the stock is currently owned by corporate insiders.

Shares of Facebook Inc (NASDAQ:FB) opened at $179.37 on Friday. Facebook Inc has a one year low of $126.78 and a one year high of $188.90. The stock has a market capitalization of $521,210.00, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.06 and a beta of 0.68.

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

Several research analysts have weighed in on FB shares. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Morgan Stanley set a $200.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Needham & Company LLC boosted their price objective on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity boosted their price objective on Facebook from $190.00 to $200.00 and gave the stock 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 issued a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $203.72.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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