Todays Report: Today, Bristol John W & Co. Inc. NY Reduced the position of Facebook Inc. (FB)

Today, Bristol John W & Co. Inc. NY Reduced the position of Facebook Inc. (FB)

Bristol John W & Co. Inc. NY lowered its position in Facebook Inc. (NASDAQ:FB) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 366,362 shares of the social networking company’s stock after selling 11,919 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Facebook were worth $46,993,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FB. Park National Corp OH boosted its stake in shares of Facebook by 15.0% in the second quarter. Park National Corp OH now owns 5,526 shares of the social networking company’s stock worth $632,000 after buying an additional 720 shares during the period. Cullinan Associates Inc. boosted its stake in shares of Facebook by 4.0% in the second quarter. Cullinan Associates Inc. now owns 147,000 shares of the social networking company’s stock worth $16,799,000 after buying an additional 5,600 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in shares of Facebook by 217.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 8,158 shares of the social networking company’s stock worth $933,000 after buying an additional 5,589 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Facebook by 3.6% in the second quarter. Integrated Investment Consultants LLC now owns 5,409 shares of the social networking company’s stock worth $618,000 after buying an additional 190 shares during the period. Finally, Kistler Tiffany Companies LLC boosted its stake in shares of Facebook by 14.5% in the second quarter. Kistler Tiffany Companies LLC now owns 3,670 shares of the social networking company’s stock worth $419,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 56.19% of the company’s stock.

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.270% during trading on Monday, hitting $120.705. 12,851,423 shares of the stock traded hands. The stock has a market cap of $347.89 billion, a price-to-earnings ratio of 46.532 and a beta of 0.76. Facebook Inc. has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a 50 day moving average price of $125.27 and a 200-day moving average price of $122.55.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.90 billion. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The firm’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. Equities analysts forecast that Facebook Inc. will post $4.09 EPS for the current year.

A number of brokerages recently weighed in on FB. Nomura reaffirmed a “buy” rating and set a $155.00 price target on shares of Facebook in a research report on Thursday, November 3rd. Loop Capital reissued a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research report on Wednesday, November 2nd. Jefferies Group reissued a “buy” rating and issued a $170.00 price objective on shares of Facebook in a research report on Thursday, November 3rd. BTIG Research reissued a “neutral” rating on shares of Facebook in a research report on Thursday, November 3rd. Finally, JMP Securities reissued a “market perform” rating and issued a $165.00 price objective on shares of Facebook in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $150.70.

In other news, CFO David M. Wehner sold 10,530 shares of Facebook stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $119.05, for a total value of $1,253,596.50. Following the completion of the transaction, the chief financial officer now owns 84,718 shares in the company, valued at approximately $10,085,677.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jan Koum sold 1,566,668 shares of Facebook stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $129.70, for a total value of $203,196,839.60. The disclosure for this sale can be found here. 19.08% of the stock is owned by company insiders.

Facebook Company Profile

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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