Motco Sells 461 Shares of Facebook, Inc. (FB)

Motco cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,777 shares of the social networking company’s stock after selling 461 shares during the quarter. Motco’s holdings in Facebook were worth $5,592,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FB. Cribstone Capital Management LLC grew its stake in shares of Facebook by 186.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after purchasing an additional 406 shares during the period. IMA Wealth Inc. acquired a new position in shares of Facebook during the 2nd quarter worth $122,000. Trust Department MB Financial Bank N A acquired a new stake in Facebook in the 2nd quarter valued at about $134,000. Northwest Wealth Management LLC acquired a new stake in Facebook in the 2nd quarter valued at about $194,000. Finally, GenWealth Group Inc. acquired a new stake in Facebook in the 2nd quarter valued at about $200,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

FB has been the topic of a number of research reports. Wells Fargo & Co set a $220.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Monday, October 29th. Cleveland Research reissued a “buy” rating on shares of Facebook in a research note on Thursday, September 13th. UBS Group lowered their price objective on shares of Facebook from $180.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. Credit Suisse Group lowered their price objective on shares of Facebook from $225.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, October 8th. Finally, Pivotal Research lowered their price objective on shares of Facebook from $140.00 to $131.00 and set a “sell” rating on the stock in a research note on Friday, October 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $192.77.

In other news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $168.85, for a total transaction of $126,637.50. Following the transaction, the vice president now directly owns 96,894 shares in the company, valued at approximately $16,360,551.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David M. Wehner sold 4,761 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $141.10, for a total transaction of $671,777.10. Following the transaction, the chief financial officer now owns 76,830 shares in the company, valued at $10,840,713. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 524,153 shares of company stock worth $80,193,956. Insiders own 17.23% of the company’s stock.

NASDAQ:FB opened at $140.61 on Friday. The stock has a market capitalization of $408.47 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.85 and a beta of 0.55. Facebook, Inc. has a 12-month low of $126.85 and a 12-month high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.30. The company had revenue of $13.73 billion for the quarter, compared to analyst estimates of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. As a group, equities research analysts predict that Facebook, Inc. will post 7.36 earnings per share for the current year.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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