Bridge Creek Capital Management LLC lessened its holdings in Facebook, Inc. (NASDAQ:FB) by 7.2% during the fourth quarter, HoldingsChannel reports. The fund owned 7,515 shares of the social networking company’s stock after selling 585 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in Facebook were worth $1,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Bank boosted its stake in shares of Facebook by 32.7% during the 2nd quarter. United Bank now owns 2,499 shares of the social networking company’s stock valued at $482,000 after purchasing an additional 616 shares in the last quarter. Arjuna Capital boosted its stake in shares of Facebook by 40.1% during the 2nd quarter. Arjuna Capital now owns 10,313 shares of the social networking company’s stock valued at $1,991,000 after purchasing an additional 2,954 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Facebook by 12.7% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 60,017 shares of the social networking company’s stock valued at $11,583,000 after purchasing an additional 6,750 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of Facebook by 0.9% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 105,695 shares of the social networking company’s stock valued at $20,399,000 after purchasing an additional 940 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in shares of Facebook by 8.6% during the 2nd quarter. Evercore Wealth Management LLC now owns 13,328 shares of the social networking company’s stock valued at $2,573,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors own 63.77% of the company’s stock.

Facebook stock traded down $2.20 during trading hours on Tuesday, hitting $219.71. The stock had a trading volume of 9,071,649 shares, compared to its average volume of 12,240,930. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $632.83 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. Facebook, Inc. has a 12-month low of $141.27 and a 12-month high of $219.88. The stock’s 50-day moving average price is $204.92 and its 200-day moving average price is $193.39.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.21. The business had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 earnings per share. On average, research analysts expect that Facebook, Inc. will post 8.48 EPS for the current fiscal year.

In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $184.74, for a total transaction of $10,160,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 125,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $188.70, for a total transaction of $23,700,720.00. The disclosure for this sale can be found here. Insiders sold 1,353,740 shares of company stock valued at $256,885,137 over the last ninety days. Corporate insiders own 14.53% of the company’s stock.

A number of brokerages have recently weighed in on FB. SunTrust Banks lifted their target price on shares of Facebook from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Barclays cut their target price on shares of Facebook from $240.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Goldman Sachs Group set a $231.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Wednesday, October 30th. Rosenblatt Securities set a $242.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on shares of Facebook from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $236.37.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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