Facebook, Inc. (NASDAQ:FB) Shares Sold by Vigilant Capital Management LLC

Vigilant Capital Management LLC decreased its stake in Facebook, Inc. (NASDAQ:FB) by 50.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 650 shares of the social networking company’s stock after selling 660 shares during the period. Vigilant Capital Management LLC’s holdings in Facebook were worth $125,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Perkins Coie Trust Co raised its position in Facebook by 3.5% during the 2nd quarter. Perkins Coie Trust Co now owns 1,522 shares of the social networking company’s stock worth $294,000 after buying an additional 52 shares during the last quarter. Insight 2811 Inc. raised its position in Facebook by 2.3% during the 2nd quarter. Insight 2811 Inc. now owns 2,547 shares of the social networking company’s stock worth $502,000 after buying an additional 58 shares during the last quarter. Sun Life Financial INC raised its position in Facebook by 0.9% during the 4th quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock worth $876,000 after buying an additional 60 shares during the last quarter. Valmark Advisers Inc. raised its position in Facebook by 3.5% during the 4th quarter. Valmark Advisers Inc. now owns 1,904 shares of the social networking company’s stock worth $250,000 after buying an additional 65 shares during the last quarter. Finally, Boltwood Capital Management raised its position in Facebook by 1.0% during the 2nd quarter. Boltwood Capital Management now owns 6,758 shares of the social networking company’s stock worth $1,304,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $200.81, for a total transaction of $11,044,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total transaction of $142,042.50. Following the sale, the vice president now directly owns 98,622 shares in the company, valued at $18,678,020.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 355,292 shares of company stock worth $66,502,801. 14.53% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the stock. Barclays upped their price objective on shares of Facebook from $210.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Raymond James upped their price objective on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. SunTrust Banks restated a “buy” rating and set a $215.00 price objective on shares of Facebook in a research report on Tuesday, July 23rd. Oppenheimer upped their price objective on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley upped their price objective on shares of Facebook from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $219.67.

NASDAQ FB traded up $1.13 during trading hours on Thursday, reaching $195.36. The company’s stock had a trading volume of 8,278,120 shares, compared to its average volume of 15,517,565. The company has a market cap of $559.31 billion, a PE ratio of 25.81, a PEG ratio of 1.13 and a beta of 0.97. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The business’s 50-day moving average price is $194.71. 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 (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The firm had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. As a group, equities research analysts forecast that Facebook, Inc. will post 8.07 earnings per share for the current year.

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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