YHB Investment Advisors Inc. trimmed its holdings in shares of Facebook Inc (NASDAQ:FB) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,989 shares of the social networking company’s stock after selling 2,672 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Facebook were worth $3,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FB. Hartford Financial Management Inc. boosted its stake in shares of Facebook by 1.1% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after purchasing an additional 16 shares during the last quarter. Regal Investment Advisors LLC lifted its position in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 18 shares during the period. Halbert Hargrove Russell LLC lifted its position in shares of Facebook by 0.5% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after acquiring an additional 19 shares during the period. Dumont & Blake Investment Advisors LLC lifted its position in shares of Facebook by 2.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock valued at $222,000 after acquiring an additional 30 shares during the period. Finally, Aspen Investment Management Inc lifted its position in shares of Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares during the period. 57.76% of the stock is currently owned by hedge funds and other institutional investors.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total value of $42,498,431.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David B. Fischer sold 4,699 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The disclosure for this sale can be found here. Insiders sold a total of 4,164,699 shares of company stock worth $749,660,440 in the last ninety days. 17.23% of the stock is currently owned by corporate insiders.

Facebook Inc (NASDAQ:FB) opened at $185.37 on Tuesday. The company has a market capitalization of $538,650.00, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68. Facebook Inc has a 52-week low of $126.95 and a 52-week high of $188.90.

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

Several research analysts have weighed in on the stock. Credit Suisse Group restated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a report on Wednesday, January 10th. UBS Group set a $208.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Deutsche Bank restated a “buy” rating on shares of Facebook in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $202.86.

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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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