Montag & Caldwell LLC lowered its stake in Facebook Inc. (NASDAQ:FB) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,681,980 shares of the social networking company’s stock after selling 104,785 shares during the period. Facebook comprises approximately 3.9% of Montag & Caldwell LLC’s portfolio, making the stock its 8th largest position. Montag & Caldwell LLC owned 0.06% of Facebook worth $192,217,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of FB. Torray LLC increased its position in Facebook by 85.2% in the first quarter. Torray LLC now owns 487,875 shares of the social networking company’s stock valued at $55,667,000 after buying an additional 224,415 shares during the last quarter. Raab & Moskowitz Asset Management LLC increased its position in Facebook by 17.9% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,811 shares of the social networking company’s stock valued at $320,000 after buying an additional 427 shares during the last quarter. Bowling Portfolio Management LLC increased its position in Facebook by 81.7% in the first quarter. Bowling Portfolio Management LLC now owns 24,022 shares of the social networking company’s stock valued at $2,741,000 after buying an additional 10,799 shares during the last quarter. CIBC World Markets Inc. increased its position in Facebook by 26.7% in the first quarter. CIBC World Markets Inc. now owns 128,367 shares of the social networking company’s stock valued at $14,647,000 after buying an additional 27,026 shares during the last quarter. Finally, Brick & Kyle Associates increased its position in Facebook by 3.6% in the first quarter. Brick & Kyle Associates now owns 18,425 shares of the social networking company’s stock valued at $2,102,000 after buying an additional 645 shares during the last quarter. 56.61% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.05% during mid-day trading on Friday, hitting $127.88. 13,345,292 shares of the company were exchanged. The company’s 50-day moving average price is $128.26 and its 200-day moving average price is $120.22. The firm has a market capitalization of $367.23 billion, a P/E ratio of 61.13 and a beta of 0.77. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $131.98.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. Equities research analysts predict that Facebook Inc. will post $3.94 earnings per share for the current fiscal year.

FB has been the subject of a number of recent analyst reports. RBC Capital Markets reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Facebook in a research report on Saturday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Facebook in a research report on Wednesday. Citigroup Inc. reissued a “buy” rating and set a $158.00 price target on shares of Facebook in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Facebook in a research report on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $160.00 price target on shares of Facebook in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $149.99.

In other news, Director Jan Koum sold 1,566,668 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $129.70, for a total transaction of $203,196,839.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 740,626 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $128.27, for a total transaction of $95,000,097.02. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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