Fulton Bank N.A. decreased its holdings in Facebook Inc (NASDAQ:FB) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,106 shares of the social networking company’s stock after selling 3,385 shares during the period. Facebook accounts for about 0.7% of Fulton Bank N.A.’s portfolio, making the stock its 27th biggest holding. Fulton Bank N.A.’s holdings in Facebook were worth $9,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its stake in shares of Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC lifted its position in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC lifted its position in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares in the last quarter. Wagner Bowman Management Corp lifted its position in shares of Facebook by 0.5% in the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC lifted its position in shares of Facebook by 2.1% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares in the last quarter. 57.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook Inc (NASDAQ:FB) opened at $180.18 on Monday. Facebook Inc has a fifty-two week low of $114.77 and a fifty-two week high of $184.25. The firm has a market capitalization of $523,568.47, a P/E ratio of 34.72, a PEG ratio of 1.15 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

A number of equities research analysts recently commented on the company. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price on the stock in a research report on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and issued a $195.00 target price (up from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Pivotal Research reiterated a “sell” rating and issued a $140.00 target price on shares of Facebook in a research report on Wednesday, September 6th. Wells Fargo & Company set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Atlantic Securities set a $215.00 target price on Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average target price of $200.75.

In related news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total value of $128,550.00. Following the transaction, the vice president now owns 93,341 shares of the company’s stock, valued at $15,998,647.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $170.71, for a total value of $2,731,360.00. Following the completion of the transaction, the insider now directly owns 178,802 shares in the company, valued at approximately $30,523,289.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,066,441 shares of company stock worth $903,750,174. Company insiders own 17.23% of the company’s stock.

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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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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