Facebook, Inc. (NASDAQ:FB) Shares Sold by Marino Stram & Associates LLC

Marino Stram & Associates LLC cut its position in shares of Facebook, Inc. (NASDAQ:FB) by 93.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,292 shares of the social networking company’s stock after selling 34,285 shares during the quarter. Marino Stram & Associates LLC’s holdings in Facebook were worth $778,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Asset Management Corp IL ADV raised its holdings in shares of Facebook by 3.1% in the third quarter. Asset Management Corp IL ADV now owns 11,688 shares of the social networking company’s stock worth $3,967,000 after acquiring an additional 354 shares during the last quarter. Oribel Capital Management LP raised its holdings in shares of Facebook by 20.4% in the second quarter. Oribel Capital Management LP now owns 81,600 shares of the social networking company’s stock worth $28,374,000 after acquiring an additional 13,800 shares during the last quarter. Woodward Diversified Capital LLC acquired a new position in shares of Facebook in the second quarter worth $2,215,000. NEXT Financial Group Inc raised its holdings in shares of Facebook by 2.6% in the second quarter. NEXT Financial Group Inc now owns 19,296 shares of the social networking company’s stock worth $6,710,000 after acquiring an additional 491 shares during the last quarter. Finally, WBI Investments Inc. acquired a new position in shares of Facebook in the second quarter worth $7,399,000. 65.74% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ FB opened at $341.06 on Thursday. The stock has a fifty day moving average price of $336.80 and a two-hundred day moving average price of $344.31. The firm has a market cap of $948.75 billion, a P/E ratio of 24.34, a PEG ratio of 1.22 and a beta of 1.27. Facebook, Inc. has a 1 year low of $244.61 and a 1 year high of $384.33.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Sunday, October 24th. The social networking company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.03. The business had revenue of $29.01 billion during the quarter, compared to analyst estimates of $29.52 billion. Facebook had a return on equity of 30.22% and a net margin of 35.88%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $2.71 EPS. On average, analysts predict that Facebook, Inc. will post 13.96 EPS for the current year.

In related news, CAO Susan J.S. Taylor sold 1,378 shares of Facebook stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $344.22, for a total transaction of $474,335.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 250 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $338.82, for a total transaction of $84,705.00. The disclosure for this sale can be found here. Insiders sold 1,893,113 shares of company stock valued at $660,001,361 in the last 90 days. Corporate insiders own 14.01% of the company’s stock.

A number of equities analysts have recently weighed in on the company. KeyCorp boosted their price target on Facebook from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th. Royal Bank of Canada dropped their target price on Facebook from $425.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, October 26th. Tigress Financial upped their target price on Facebook from $430.00 to $466.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 13th. Morgan Stanley dropped their target price on Facebook from $400.00 to $365.00 and set an “overweight” rating for the company in a research note on Tuesday, October 26th. Finally, Raymond James dropped their target price on Facebook from $450.00 to $410.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $398.00.

Facebook Profile

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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