Facebook, Inc. (FB) Stake Lessened by OLD Second National Bank of Aurora
OLD Second National Bank of Aurora cut its stake in Facebook, Inc. (NASDAQ:FB) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464 shares of the social networking company’s stock after selling 100 shares during the period. OLD Second National Bank of Aurora’s holdings in Facebook were worth $192,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of FB. Altium Wealth Management LLC boosted its holdings in Facebook by 13.9% during the fourth quarter. Altium Wealth Management LLC now owns 9,409 shares of the social networking company’s stock worth $1,233,000 after buying an additional 1,151 shares in the last quarter. Comprehensive Portfolio Management LLC boosted its holdings in Facebook by 15.4% during the fourth quarter. Comprehensive Portfolio Management LLC now owns 2,735 shares of the social networking company’s stock worth $359,000 after buying an additional 366 shares in the last quarter. Delta Investment Management LLC bought a new stake in Facebook during the fourth quarter worth approximately $800,000. Nachman Norwood & Parrott Inc bought a new stake in Facebook during the fourth quarter worth approximately $278,000. Finally, Gradient Investments LLC boosted its holdings in Facebook by 5.8% during the fourth quarter. Gradient Investments LLC now owns 8,136 shares of the social networking company’s stock worth $1,067,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.
In related news, CEO Mark Zuckerberg sold 222,952 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $177.59, for a total value of $39,594,045.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher K. Cox sold 58,300 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $175.02, for a total transaction of $10,203,666.00. Following the completion of the transaction, the insider now owns 25,141 shares in the company, valued at $4,400,177.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,043,735 shares of company stock worth $179,110,590 in the last 90 days. 16.25% of the stock is owned by insiders.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.20. The business had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. Facebook’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. On average, sell-side analysts forecast that Facebook, Inc. will post 7.54 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. Tigress Financial restated a “buy” rating on shares of Facebook in a research report on Thursday, December 20th. Deutsche Bank restated a “buy” rating and issued a $195.00 price target on shares of Facebook in a research report on Friday, December 14th. Needham & Company LLC reduced their price target on shares of Facebook from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, December 21st. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Wednesday, January 2nd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $192.11.
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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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