Facebook, Inc. (NASDAQ:FB) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lessened its position in Facebook, Inc. (NASDAQ:FB) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,826 shares of the social networking company’s stock after selling 1,395 shares during the period. ST Germain D J Co. Inc.’s holdings in Facebook were worth $10,967,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Biegel & Waller LLC grew its stake in Facebook by 2.2% during the second quarter. Biegel & Waller LLC now owns 2,336 shares of the social networking company’s stock worth $451,000 after buying an additional 50 shares during the period. Perkins Coie Trust Co grew its stake in Facebook by 3.5% during the second 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 period. Regal Wealth Group Inc. grew its stake in Facebook by 4.1% during the second quarter. Regal Wealth Group Inc. now owns 1,421 shares of the social networking company’s stock worth $274,000 after buying an additional 56 shares during the period. Insight 2811 Inc. boosted its stake in shares of Facebook by 2.3% in the second quarter. Insight 2811 Inc. now owns 2,547 shares of the social networking company’s stock valued at $502,000 after purchasing an additional 58 shares during the period. Finally, Sun Life Financial INC boosted its stake in shares of Facebook by 0.9% in the fourth quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 60 shares during the period. 61.88% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on FB. Royal Bank of Canada restated a “buy” rating and issued a $260.00 target price on shares of Facebook in a research note on Thursday, July 25th. ValuEngine downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Facebook from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. UBS Group restated a “buy” rating and issued a $240.00 target price on shares of Facebook in a research note on Thursday, July 25th. Finally, Canaccord Genuity upped their target price on shares of Facebook from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $220.92.

Shares of NASDAQ:FB traded up $2.52 on Tuesday, reaching $184.25. 5,714,511 shares of the company’s stock were exchanged, compared to its average volume of 16,973,172. The company has a market cap of $539.26 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The business has a 50-day simple moving average of $195.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. The company 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 earnings per share. Sell-side analysts anticipate that Facebook, Inc. will post 7.96 EPS for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction on Wednesday, May 8th. The shares were 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 of the company’s stock, valued at $18,678,020.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $181.10, for a total transaction of $9,960,500.00. The disclosure for this sale can be found here. Insiders have sold 360,793 shares of company stock worth $67,585,618 over the last three months. 14.53% of the stock is owned by corporate insiders.

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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