Facebook, Inc. (NASDAQ:FB) Shares Sold by Bingham Osborn & Scarborough LLC

Bingham Osborn & Scarborough LLC decreased its position in Facebook, Inc. (NASDAQ:FB) by 9.5% in the 3rd quarter, Holdings Channel reports. The fund owned 19,791 shares of the social networking company’s stock after selling 2,070 shares during the period. Facebook accounts for 0.3% of Bingham Osborn & Scarborough LLC’s holdings, making the stock its 28th biggest holding. Bingham Osborn & Scarborough LLC’s holdings in Facebook were worth $3,524,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Financial Advantage Inc. acquired a new stake in shares of Facebook during the third quarter worth approximately $28,000. Cordasco Financial Network grew its position in shares of Facebook by 70.0% during the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock worth $33,000 after buying an additional 70 shares in the last quarter. Shamrock Asset Management LLC acquired a new stake in shares of Facebook during the second quarter worth approximately $38,000. Clean Yield Group acquired a new stake in shares of Facebook during the second quarter worth approximately $39,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Facebook during the second quarter worth approximately $41,000. 63.17% of the stock is owned by institutional investors.

In related news, CEO Mark Zuckerberg sold 139,900 shares of Facebook stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $195.40, for a total transaction of $27,336,460.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO David B. Fischer sold 5,562 shares of Facebook stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $196.60, for a total transaction of $1,093,489.20. The disclosure for this sale can be found here. Insiders sold 4,681,364 shares of company stock worth $867,172,511 over the last quarter. 14.53% of the stock is currently owned by company insiders.

FB stock traded up $0.42 during mid-day trading on Friday, reaching $190.84. The company had a trading volume of 10,760,700 shares, compared to its average volume of 16,776,678. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $554.39 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.10 and a beta of 1.05. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The stock’s 50-day simple moving average is $185.37 and its two-hundred day simple moving average is $187.27.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.21. The company had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share. On average, research analysts forecast that Facebook, Inc. will post 8.57 EPS for the current fiscal year.

A number of analysts have recently weighed in on FB shares. SunTrust Banks raised their price target on shares of Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Robert W. Baird raised their price target on shares of Facebook from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Barclays decreased their price target on shares of Facebook from $240.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley raised their price target on shares of Facebook from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Susquehanna Bancshares raised their price target on shares of Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have assigned a buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $228.33.

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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