Community Trust & Investment Co. acquired a new stake in Facebook, Inc. (NASDAQ:FB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 55,577 shares of the social networking company’s stock, valued at approximately $7,894,000.

Several other large investors also recently made changes to their positions in the company. Shepherd Financial Partners LLC acquired a new stake in Facebook during the fourth quarter worth $1,817,000. Bridgeworth LLC acquired a new stake in Facebook during the fourth quarter worth $286,000. Capital Guardian Trust Co. increased its stake in Facebook by 18.5% in the fourth quarter. Capital Guardian Trust Co. now owns 7,146 shares of the social networking company’s stock worth $822,000 after buying an additional 1,115 shares in the last quarter. RB Capital Management LLC acquired a new stake in Facebook during the fourth quarter worth $1,366,000. Finally, Lebenthal Asset Management LLC increased its stake in Facebook by 2.7% in the fourth quarter. Lebenthal Asset Management LLC now owns 14,391 shares of the social networking company’s stock worth $1,655,000 after buying an additional 373 shares in the last quarter. Institutional investors and hedge funds own 57.40% of the company’s stock.

Facebook, Inc. (NASDAQ FB) traded down 0.127% during midday trading on Tuesday, reaching $170.534. The company had a trading volume of 3,513,615 shares. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The stock has a market capitalization of $495.26 billion, a price-to-earnings ratio of 38.168 and a beta of 0.70. The company has a 50-day moving average price of $161.95 and a 200-day moving average price of $147.96.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, equities analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current year.

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A number of research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of Facebook in a report on Saturday, June 3rd. Barclays PLC reissued an “overweight” rating and set a $168.00 price objective (up from $160.00) on shares of Facebook in a report on Wednesday, July 12th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective for the company in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $192.00 price objective (up from $175.00) on shares of Facebook in a report on Thursday, July 27th. Finally, Pacific Crest reissued an “overweight” rating and set a $155.00 price objective on shares of Facebook in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. Facebook presently has an average rating of “Buy” and an average target price of $182.00.

In other news, Director Peter Thiel sold 60,316 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $172.25, for a total value of $10,389,431.00. Following the completion of the transaction, the director now owns 6,311 shares of the company’s stock, valued at approximately $1,087,069.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David B. Fischer sold 50,533 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $169.95, for a total value of $8,588,083.35. The disclosure for this sale can be found here. Insiders have sold a total of 9,676,613 shares of company stock valued at $1,533,182,574 in the last ninety days. 19.08% of the stock is currently owned by corporate insiders.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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