Altfest L J & Co. Inc. Has $806,000 Stock Holdings in Facebook, Inc. (NASDAQ:FB)

Altfest L J & Co. Inc. trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 36.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,178 shares of the social networking company’s stock after selling 2,385 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Facebook were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. AdvisorNet Financial Inc boosted its holdings in shares of Facebook by 18.6% in the second quarter. AdvisorNet Financial Inc now owns 10,101 shares of the social networking company’s stock worth $1,949,000 after buying an additional 1,586 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Facebook by 3.2% in the second quarter. First Hawaiian Bank now owns 41,162 shares of the social networking company’s stock worth $7,944,000 after buying an additional 1,283 shares during the last quarter. Vishria Bird Financial Group LLC raised its stake in Facebook by 5.5% during the 2nd quarter. Vishria Bird Financial Group LLC now owns 29,761 shares of the social networking company’s stock worth $5,744,000 after acquiring an additional 1,542 shares during the period. Marathon Asset Management LLP raised its stake in Facebook by 4.5% during the 2nd quarter. Marathon Asset Management LLP now owns 830,514 shares of the social networking company’s stock worth $160,287,000 after acquiring an additional 35,923 shares during the period. Finally, SevenBridge Financial Group LLC raised its stake in Facebook by 13.0% during the 2nd quarter. SevenBridge Financial Group LLC now owns 5,996 shares of the social networking company’s stock worth $1,157,000 after acquiring an additional 690 shares during the period. Institutional investors own 62.11% of the company’s stock.

In other news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $175.82, for a total transaction of $9,670,100.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 133,100 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $188.66, for a total value of $25,110,646.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 863,283 shares of company stock worth $160,819,836. Insiders own 14.53% of the company’s stock.

NASDAQ FB traded up $1.11 during trading hours on Friday, reaching $183.70. The stock had a trading volume of 12,654,600 shares, compared to its average volume of 17,575,930. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66. The stock has a fifty day moving average of $194.93 and a 200 day moving average of $180.55. The stock has a market cap of $524.09 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.05 and a beta of 0.99.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. During the same quarter in the prior year, the firm posted $1.74 EPS. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts forecast that Facebook, Inc. will post 7.96 EPS for the current year.

A number of equities research analysts have commented on the stock. Cleveland Research restated a “buy” rating on shares of Facebook in a research note on Monday, April 22nd. Deutsche Bank lifted their price objective on shares of Facebook from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Credit Suisse Group lifted their price objective on shares of Facebook from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. ValuEngine cut shares of Facebook from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Nomura lifted their price objective on shares of Facebook from $226.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $220.92.

About Facebook

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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