Epstein & White Financial LLC reduced its stake in shares of Facebook, Inc. (NASDAQ:FB) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,152 shares of the social networking company’s stock after selling 72 shares during the quarter. Epstein & White Financial LLC’s holdings in Facebook were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in FB. Watson Rebecca bought a new stake in shares of Facebook in the second quarter worth about $25,000. JJJ Advisors Inc. grew its holdings in Facebook by 262.5% during the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after buying an additional 105 shares in the last quarter. Demars Financial Group LLC bought a new stake in Facebook in the 2nd quarter worth approximately $39,000. Virtus Alternative Investment Advisers Inc. purchased a new stake in shares of Facebook during the 2nd quarter worth approximately $47,000. Finally, Center for Financial Planning Inc. boosted its position in shares of Facebook by 33.9% during the 2nd quarter. Center for Financial Planning Inc. now owns 257 shares of the social networking company’s stock valued at $58,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Shares of NASDAQ FB opened at $265.93 on Friday. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $304.67. The stock’s fifty day simple moving average is $268.73 and its two-hundred day simple moving average is $234.17. The stock has a market capitalization of $757.59 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.29.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. Facebook had a return on equity of 22.90% and a net margin of 31.29%. The firm had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. As a group, analysts forecast that Facebook, Inc. will post 8.11 EPS for the current year.

A number of research firms recently issued reports on FB. Wedbush upped their price target on shares of Facebook from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Royal Bank of Canada increased their price target on shares of Facebook from $271.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, July 31st. 140166 boosted their price objective on Facebook from $285.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. SunTrust Banks reaffirmed a “buy” rating and issued a $285.00 price objective (up from $245.00) on shares of Facebook in a research note on Friday, July 31st. Finally, BofA Securities boosted their target price on Facebook from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $283.11.

In other news, CRO David B. Fischer sold 13,110 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $293.95, for a total value of $3,853,684.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total value of $296,154.87. Following the transaction, the chief accounting officer now owns 4,182 shares in the company, valued at $1,093,132.98. The disclosure for this sale can be found here. Insiders sold a total of 34,023 shares of company stock worth $9,420,337 over the last 90 days. Company insiders own 14.14% of the company’s stock.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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