Facebook, Inc. Common Stock (FB) Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP trimmed its stake in Facebook, Inc. Common Stock (NASDAQ:FB) by 48.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 702,103 shares of the social networking company’s stock after selling 652,388 shares during the period. Sustainable Growth Advisers LP’s holdings in Facebook, Inc. Common Stock were worth $112,189,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Rockefeller Capital Management L.P. purchased a new position in Facebook, Inc. Common Stock during the first quarter valued at approximately $147,427,000. 6 Meridian purchased a new stake in Facebook, Inc. Common Stock in the first quarter worth about $5,570,000. ProVise Management Group LLC lifted its stake in Facebook, Inc. Common Stock by 15.5% in the first quarter. ProVise Management Group LLC now owns 23,270 shares of the social networking company’s stock worth $3,719,000 after acquiring an additional 3,126 shares during the period. Silvant Capital Management LLC purchased a new stake in Facebook, Inc. Common Stock in the first quarter worth about $18,066,000. Finally, Welch Capital Partners LLC NY purchased a new stake in Facebook, Inc. Common Stock in the first quarter worth about $2,804,000. Institutional investors own 59.46% of the company’s stock.

In other news, CFO David M. Wehner sold 9,522 shares of Facebook, Inc. Common Stock stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $183.61, for a total transaction of $1,748,334.42. Following the transaction, the chief financial officer now owns 82,534 shares in the company, valued at $15,154,067.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 210,000 shares of Facebook, Inc. Common Stock stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $185.45, for a total transaction of $38,944,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,992,698 shares of company stock worth $2,896,878,329. Insiders own 17.23% of the company’s stock.

Facebook, Inc. Common Stock traded down $2.83, reaching $180.26, during trading hours on Friday, MarketBeat Ratings reports. 21,443,792 shares of the stock were exchanged, compared to its average volume of 37,121,140. Facebook, Inc. Common Stock has a 52 week low of $149.02 and a 52 week high of $218.62. The company has a market cap of $531.88 billion, a PE ratio of 25.36, a P/E/G ratio of 1.17 and a beta of 0.40.

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

A number of equities analysts have commented on FB shares. OTR Global downgraded shares of Facebook, Inc. Common Stock to a “positive” rating in a report on Wednesday, April 18th. Wedbush set a $260.00 price objective on Facebook, Inc. Common Stock and gave the company a “buy” rating in a report on Monday, April 16th. Goldman Sachs Group set a $205.00 target price on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Stifel Nicolaus raised Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating and raised their target price for the stock from $175.00 to $202.00 in a research note on Friday, April 27th. Finally, ValuEngine raised Facebook, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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.

Recommended Story: Growth Stocks

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

Receive News & Ratings for Facebook Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply