Facebook, Inc. (NASDAQ:FB) Stake Trimmed by Community Trust & Investment Co.

Community Trust & Investment Co. trimmed its stake in Facebook, Inc. (NASDAQ:FB) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,813 shares of the social networking company’s stock after selling 17,458 shares during the quarter. Facebook makes up 2.4% of Community Trust & Investment Co.’s holdings, making the stock its 10th biggest position. Community Trust & Investment Co.’s holdings in Facebook were worth $20,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of Facebook in the 2nd quarter worth about $205,000. Executive Wealth Management LLC bought a new stake in Facebook during the 4th quarter valued at about $5,196,000. Green Square Asset Management LLC increased its stake in Facebook by 288.0% during the 2nd quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock valued at $2,738,000 after purchasing an additional 10,531 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX increased its stake in Facebook by 1.7% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 12,236 shares of the social networking company’s stock valued at $2,362,000 after purchasing an additional 206 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in Facebook by 10.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 18,085 shares of the social networking company’s stock valued at $2,935,000 after purchasing an additional 1,641 shares in the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

A number of research firms have weighed in on FB. Summit Insights began coverage on shares of Facebook in a research note on Friday, September 27th. They set a “buy” rating for the company. Mizuho raised their price objective on shares of Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $220.00 price objective on shares of Facebook in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, ValuEngine lowered shares of Facebook from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $220.81.

In other news, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $11,044,550.00. The disclosure for this sale can be found here. Insiders have sold 3,604,556 shares of company stock worth $664,101,293 in the last ninety days. Insiders own 14.53% of the company’s stock.

Shares of FB traded up $5.06 on Friday, reaching $185.09. The company’s stock had a trading volume of 5,355,329 shares, compared to its average volume of 13,372,172. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The stock has a market capitalization of $513.62 billion, a P/E ratio of 24.45, a PEG ratio of 1.04 and a beta of 1.02. The stock’s 50 day simple moving average is $183.25 and its two-hundred day simple moving average is $185.07. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.74 earnings per share. Analysts expect that Facebook, Inc. will post 7.99 earnings per share for the current year.

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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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