Trust Investment Advisors trimmed its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,672 shares of the social networking company’s stock after selling 125 shares during the period. Trust Investment Advisors’ holdings in Facebook were worth $875,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mission Wealth Management LP boosted its position in Facebook by 3.8% in the 3rd quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock valued at $1,715,000 after buying an additional 386 shares during the last quarter. Rovida Advisors Inc. bought a new position in Facebook in the 3rd quarter valued at $18,714,000. Ruggie Capital Group boosted its position in Facebook by 53.8% in the 4th quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock valued at $58,000 after buying an additional 156 shares during the last quarter. Heritage Investors Management Corp boosted its position in Facebook by 13.1% in the 4th quarter. Heritage Investors Management Corp now owns 36,210 shares of the social networking company’s stock valued at $4,747,000 after buying an additional 4,190 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its position in Facebook by 12,051.8% in the 3rd quarter. Altshuler Shaham Ltd now owns 417,657 shares of the social networking company’s stock valued at $68,688,000 after buying an additional 414,220 shares during the last quarter. 60.69% of the stock is owned by hedge funds and other institutional investors.

FB opened at $177.47 on Friday. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $218.62. The stock has a market capitalization of $531.64 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.38 and a current ratio of 5.38.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). Facebook had a net margin of 33.17% and a return on equity of 23.67%. The firm had revenue of $15.08 billion during the quarter, compared to analyst estimates of $14.97 billion. During the same period in the prior year, the business earned $1.69 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts expect that Facebook, Inc. will post 8 EPS for the current fiscal year.

Several research firms have recently issued reports on FB. Cleveland Research restated a “buy” rating on shares of Facebook in a research report on Monday, April 22nd. Oppenheimer raised their price target on Facebook from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Wedbush restated an “outperform” rating and issued a $220.00 price target (up from $200.00) on shares of Facebook in a research report on Monday, April 22nd. Guggenheim upgraded Facebook from a “neutral” rating to a “buy” rating and raised their price target for the stock from $175.00 to $200.00 in a research report on Thursday, April 4th. Finally, Raymond James raised their price target on Facebook from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-three have issued a buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $209.66.

In related news, insider Christopher K. Cox sold 5,300 shares of Facebook stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $173.11, for a total value of $917,483.00. Following the sale, the insider now owns 92,794 shares of the company’s stock, valued at $16,063,569.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan J.S. Taylor sold 1,472 shares of Facebook stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $181.89, for a total value of $267,742.08. Following the completion of the sale, the insider now directly owns 569 shares in the company, valued at approximately $103,495.41. The disclosure for this sale can be found here. Insiders sold a total of 1,546,332 shares of company stock worth $274,404,394 in the last three months. Company insiders own 14.53% of the company’s stock.

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Facebook Company 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.

Further Reading: Net Margin

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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