Webster Bank N. A. Has $4.70 Million Position in Facebook, Inc. (NASDAQ:FB)

Webster Bank N. A. lowered its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 24,348 shares of the social networking company’s stock after selling 205 shares during the quarter. Webster Bank N. A.’s holdings in Facebook were worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of FB. Oregon Public Employees Retirement Fund boosted its stake in Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after buying an additional 70,263,213 shares in the last quarter. Sanders Capital LLC boosted its stake in Facebook by 132.5% during the fourth quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after buying an additional 2,031,500 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Facebook by 410.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock worth $267,809,000 after buying an additional 1,642,441 shares in the last quarter. Flossbach Von Storch AG boosted its stake in Facebook by 49.5% during the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after buying an additional 1,370,767 shares in the last quarter. Finally, Discovery Value Fund acquired a new stake in Facebook during the fourth quarter worth $179,169,000. Hedge funds and other institutional investors own 61.88% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total transaction of $142,042.50. Following the completion of the sale, the vice president now directly owns 98,622 shares of the company’s stock, valued at approximately $18,678,020.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO David B. Fischer sold 5,501 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total value of $1,082,816.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,793 shares of company stock valued at $67,585,618. 14.53% of the stock is currently owned by company insiders.

Shares of FB stock traded down $5.31 on Monday, reaching $183.71. The company had a trading volume of 296,197 shares, compared to its average volume of 16,766,467. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $539.56 billion, a PE ratio of 24.29, a PEG ratio of 1.11 and a beta of 0.99. The stock’s 50-day simple moving average is $195.36. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. Facebook’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. Analysts anticipate that Facebook, Inc. will post 7.96 EPS for the current year.

A number of research firms have weighed in on FB. UBS Group reiterated a “buy” rating and set a $240.00 price target on shares of Facebook in a research note on Thursday, July 25th. Argus lifted their price target on shares of Facebook from $206.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets decreased their price target on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 23rd. Loop Capital boosted their target price on shares of Facebook from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Nomura boosted their target price on shares of Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $220.92.

Facebook Company Profile

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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