Facebook, Inc. (NASDAQ:FB) Shares Sold by Atlas Brown Inc.

Atlas Brown Inc. trimmed its position in Facebook, Inc. (NASDAQ:FB) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,085 shares of the social networking company’s stock after selling 119 shares during the period. Atlas Brown Inc.’s holdings in Facebook were worth $1,726,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Fusion Family Wealth LLC acquired a new position in Facebook in the third quarter valued at approximately $218,000. SevenBridge Financial Group LLC boosted its stake in Facebook by 1.9% in the third quarter. SevenBridge Financial Group LLC now owns 9,807 shares of the social networking company’s stock valued at $3,328,000 after acquiring an additional 186 shares during the period. Triangle Securities Wealth Management boosted its stake in Facebook by 0.9% in the third quarter. Triangle Securities Wealth Management now owns 5,863 shares of the social networking company’s stock valued at $1,990,000 after acquiring an additional 54 shares during the period. Archford Capital Strategies LLC boosted its stake in Facebook by 1.6% in the third quarter. Archford Capital Strategies LLC now owns 7,008 shares of the social networking company’s stock valued at $2,378,000 after acquiring an additional 113 shares during the period. Finally, Genesee Capital Advisors LLC acquired a new position in Facebook in the third quarter valued at approximately $1,166,000. Institutional investors and hedge funds own 65.74% of the company’s stock.

In other Facebook news, CAO Susan J.S. Taylor sold 1,378 shares of the stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $344.22, for a total value of $474,335.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 121 shares of the stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $339.87, for a total transaction of $41,124.27. The disclosure for this sale can be found here. Insiders have sold 1,893,113 shares of company stock worth $660,001,361 over the last ninety days. Insiders own 14.01% of the company’s stock.

FB has been the subject of several analyst reports. Truist reduced their price objective on Facebook from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, October 26th. KeyCorp boosted their target price on Facebook from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th. HSBC boosted their target price on Facebook from $275.00 to $300.00 and gave the stock a “reduce” rating in a report on Thursday, September 9th. Raymond James dropped their target price on Facebook from $450.00 to $410.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 26th. They noted that the move was a valuation call. Finally, DZ Bank cut Facebook from a “buy” rating to a “hold” rating and set a $350.00 target price on the stock. in a report on Tuesday, October 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $398.00.

Shares of FB traded up $3.81 during trading hours on Thursday, reaching $341.06. 13,552,153 shares of the company traded hands, compared to its average volume of 18,765,395. The stock’s fifty day moving average is $336.80 and its 200 day moving average is $344.31. The stock has a market cap of $948.75 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27. Facebook, Inc. has a 1-year low of $244.61 and a 1-year high of $384.33.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Sunday, October 24th. The social networking company reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $0.03. Facebook had a net margin of 35.88% and a return on equity of 30.22%. The firm had revenue of $29.01 billion during the quarter, compared to analyst estimates of $29.52 billion. During the same quarter in the prior year, the business posted $2.71 earnings per share. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Sell-side analysts predict that Facebook, Inc. will post 13.96 EPS for the current fiscal year.

Facebook Company Profile

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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