Facebook, Inc. Common Stock (FB) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 27.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 491,486 shares of the social networking company’s stock after selling 188,828 shares during the quarter. Facebook, Inc. Common Stock accounts for about 0.7% of KBC Group NV’s investment portfolio, making the stock its 18th biggest holding. KBC Group NV’s holdings in Facebook, Inc. Common Stock were worth $78,535,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Armbruster Capital Management Inc. increased its position in Facebook, Inc. Common Stock by 358.4% during the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after buying an additional 448 shares during the period. Taylor Hoffman Wealth Management purchased a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter valued at $103,000. Price Wealth Management Inc. acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter valued at about $105,000. Goodman Financial Corp acquired a new stake in shares of Facebook, Inc. Common Stock in the fourth quarter valued at about $115,000. Finally, Santori & Peters Inc. purchased a new position in Facebook, Inc. Common Stock in the fourth quarter valued at about $116,000. Institutional investors and hedge funds own 59.46% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of Facebook, Inc. Common Stock stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $174.00, for a total transaction of $130,500.00. Following the completion of the transaction, the vice president now owns 87,115 shares of the company’s stock, valued at $15,158,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 220,000 shares of Facebook, Inc. Common Stock stock in a transaction on Monday, May 14th. The stock was sold at an average price of $186.99, for a total transaction of $41,137,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,992,698 shares of company stock worth $2,896,878,329. 17.23% of the stock is owned by company insiders.

FB traded down $2.83 during trading on Friday, reaching $180.26. 21,443,792 shares of the stock traded hands, compared to its average volume of 37,121,140. The stock has a market cap of $531.88 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.17 and a beta of 0.40. Facebook, Inc. Common Stock has a fifty-two week low of $149.02 and a fifty-two week high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The firm had revenue of $13.23 billion for the quarter, compared to analyst estimates of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. Facebook, Inc. Common Stock’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 EPS. research analysts forecast that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

A number of brokerages recently commented on FB. Wells Fargo & Co reissued a “buy” rating and issued a $220.00 price target (down previously from $250.00) on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 target price on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Zacks Investment Research downgraded Facebook, Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 11th. Macquarie set a $220.00 price target on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, Deutsche Bank reissued a “buy” rating and issued a $205.00 price target on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $209.46.

About Facebook, Inc. Common Stock

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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