McQueen Ball & Associates Inc. cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,303 shares of the social networking company’s stock after selling 100 shares during the quarter. McQueen Ball & Associates Inc.’s holdings in Facebook were worth $499,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its position in shares of Facebook by 20.0% during the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the period. Cohen Capital Management Inc. acquired a new position in shares of Facebook during the first quarter worth approximately $121,000. Pacific Center for Financial Services boosted its position in shares of Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 88 shares during the period. Watermark Asset Management Inc. acquired a new position in shares of Facebook during the first quarter worth approximately $141,000. Finally, Viking Fund Management LLC acquired a new position in shares of Facebook during the first quarter worth approximately $142,000. 57.30% of the stock is owned by institutional investors.

Shares of Facebook, Inc. (FB) traded down 0.26% during midday trading on Wednesday, hitting $172.51. 5,122,282 shares of the company were exchanged. The firm has a market capitalization of $501.00 billion, a price-to-earnings ratio of 38.61 and a beta of 0.76. The firm’s 50 day moving average price is $169.69 and its 200 day moving average price is $153.28. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period last year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. Analysts forecast that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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In other Facebook news, Director Jan Koum sold 3,600,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $160.06, for a total value of $576,216,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.87, for a total transaction of $114,652.50. Following the completion of the transaction, the vice president now directly owns 87,656 shares in the company, valued at $13,399,972.72. The disclosure for this sale can be found here. Insiders sold 13,071,103 shares of company stock worth $2,134,223,843 over the last ninety days. Insiders own 19.08% of the company’s stock.

Several equities analysts have recently issued reports on FB shares. Aegis reiterated a “buy” rating on shares of Facebook in a research report on Monday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $165.00 price objective on shares of Facebook in a research report on Monday, May 22nd. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $154.73 price objective for the company in a research report on Wednesday, May 17th. Instinet reiterated a “buy” rating on shares of Facebook in a research report on Friday, June 2nd. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Facebook in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have issued a buy rating and three have issued a strong buy rating to the company’s stock. Facebook presently has an average rating of “Buy” and a consensus price target of $183.74.

Facebook 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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