CLARET ASSET MANAGEMENT Corp Sells 209 Shares of Facebook, Inc. (NASDAQ:FB)

CLARET ASSET MANAGEMENT Corp lessened its holdings in Facebook, Inc. (NASDAQ:FB) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,856 shares of the social networking company’s stock after selling 209 shares during the quarter. Facebook makes up approximately 1.1% of CLARET ASSET MANAGEMENT Corp’s investment portfolio, making the stock its 26th largest position. CLARET ASSET MANAGEMENT Corp’s holdings in Facebook were worth $5,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abner Herrman & Brock LLC increased its position in Facebook by 16.7% during the 3rd quarter. Abner Herrman & Brock LLC now owns 3,272 shares of the social networking company’s stock valued at $583,000 after purchasing an additional 468 shares during the period. Larson Financial Group LLC increased its position in Facebook by 5.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,838 shares of the social networking company’s stock valued at $327,000 after purchasing an additional 102 shares during the period. Rockland Trust Co. increased its position in Facebook by 5.8% during the 3rd quarter. Rockland Trust Co. now owns 73,001 shares of the social networking company’s stock valued at $13,095,000 after purchasing an additional 3,990 shares during the period. HBW Advisory Services LLC acquired a new stake in Facebook during the 3rd quarter valued at approximately $2,621,000. Finally, Intellectus Partners LLC increased its position in Facebook by 16.0% during the 3rd quarter. Intellectus Partners LLC now owns 78,179 shares of the social networking company’s stock valued at $13,922,000 after purchasing an additional 10,808 shares during the period. Institutional investors and hedge funds own 63.18% of the company’s stock.

NASDAQ FB traded up $5.69 during mid-day trading on Friday, hitting $185.72. The company’s stock had a trading volume of 9,413,717 shares, compared to its average volume of 13,372,172. The company’s 50 day simple moving average is $183.25 and its 200 day simple moving average is $185.07. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. 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 $528.57 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.04 and a beta of 1.02.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter last year, the firm posted $1.74 EPS. Facebook’s revenue was up 27.6% compared to the same quarter last year. As a group, research analysts forecast that Facebook, Inc. will post 7.99 EPS for the current year.

In other Facebook news, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now directly owns 1,037 shares in the company, valued at approximately $192,311.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $200.81, for a total value of $11,044,550.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,604,556 shares of company stock valued at $664,101,293. 14.53% of the stock is currently owned by insiders.

A number of research firms have weighed in on FB. KeyCorp increased their target price on shares of Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Summit Redstone began coverage on shares of Facebook in a research report on Friday, September 27th. They set a “buy” rating for the company. Oppenheimer increased their target price on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Goldman Sachs Group set a $228.00 target price on shares of Facebook and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Summit Insights began coverage on shares of Facebook in a research report on Friday, September 27th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-three have assigned a buy rating to the company. Facebook presently has an average rating of “Buy” and an average price target of $220.81.

Facebook 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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