Bristol John W & Co. Inc. NY decreased its stake in shares of Facebook Inc. (NASDAQ:FB) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 366,362 shares of the social networking company’s stock after selling 11,919 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Facebook were worth $46,993,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Advisory Services Network LLC boosted its position in Facebook by 11.9% in the third quarter. Advisory Services Network LLC now owns 40,634 shares of the social networking company’s stock valued at $5,212,000 after buying an additional 4,337 shares in the last quarter. Nadler Financial Group Inc. boosted its position in Facebook by 2.4% in the third quarter. Nadler Financial Group Inc. now owns 9,339 shares of the social networking company’s stock valued at $1,198,000 after buying an additional 223 shares in the last quarter. Sadoff Investment Management LLC boosted its position in Facebook by 1.6% in the third quarter. Sadoff Investment Management LLC now owns 1,857 shares of the social networking company’s stock valued at $238,000 after buying an additional 29 shares in the last quarter. Central Bank & Trust Co. boosted its position in Facebook by 3,683.7% in the third quarter. Central Bank & Trust Co. now owns 10,897 shares of the social networking company’s stock valued at $1,398,000 after buying an additional 10,609 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in Facebook by 15.8% in the third quarter. Oliver Luxxe Assets LLC now owns 8,157 shares of the social networking company’s stock valued at $1,046,000 after buying an additional 1,111 shares in the last quarter. 56.19% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.270% during mid-day trading on Monday, reaching $120.705. 12,851,423 shares of the company were exchanged. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $133.50. The firm’s 50-day moving average is $125.27 and its 200-day moving average is $122.55. The company has a market capitalization of $347.89 billion, a price-to-earnings ratio of 46.532 and a beta of 0.76.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The firm’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. On average, equities analysts forecast that Facebook Inc. will post $4.09 earnings per share for the current fiscal year.

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FB has been the subject of a number of recent research reports. Bank of America Corp. reiterated a “buy” rating and issued a $153.07 target price (up previously from $123.94) on shares of Facebook in a report on Monday, August 1st. Robert W. Baird reiterated an “outperform” rating and issued a $155.00 target price on shares of Facebook in a report on Tuesday, October 18th. Morgan Stanley reiterated an “overweight” rating and issued a $160.00 target price on shares of Facebook in a report on Wednesday, November 2nd. Oppenheimer Holdings Inc. set a $144.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, November 3rd. Finally, MKM Partners dropped their price objective on Facebook from $165.00 to $150.00 and set a “buy” rating for the company in a report on Monday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $150.70.

In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $126.60, for a total value of $94,950.00. Following the completion of the transaction, the vice president now owns 88,190 shares in the company, valued at approximately $11,164,854. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 755,239 shares of Facebook stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $125.79, for a total value of $95,001,513.81. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

Facebook Company Profile

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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