Hanson McClain Inc. trimmed its position in Facebook, Inc. (NASDAQ:FB) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,729 shares of the social networking company’s stock after selling 10 shares during the quarter. Hanson McClain Inc.’s holdings in Facebook were worth $563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Facebook by 23.1% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 17,990 shares of the social networking company’s stock valued at $2,716,000 after purchasing an additional 3,370 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in shares of Facebook by 4.9% in the second quarter. TRUE Private Wealth Advisors now owns 10,978 shares of the social networking company’s stock valued at $1,657,000 after purchasing an additional 517 shares in the last quarter. Fagan Associates Inc. raised its stake in shares of Facebook by 1.8% in the second quarter. Fagan Associates Inc. now owns 59,740 shares of the social networking company’s stock valued at $9,020,000 after purchasing an additional 1,050 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Facebook by 9.1% in the second quarter. Winch Advisory Services LLC now owns 23,006 shares of the social networking company’s stock valued at $3,461,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in shares of Facebook by 23.6% in the second quarter. Zweig DiMenna Associates LLC now owns 256,289 shares of the social networking company’s stock valued at $38,695,000 after purchasing an additional 48,990 shares in the last quarter. Institutional investors and hedge funds own 57.35% of the company’s stock.

Several research analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. increased their price objective on Facebook from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Morgan Stanley set a $200.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, November 2nd. JMP Securities reiterated an “outperform” rating and set a $195.00 price objective (up from $170.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Wedbush set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $197.95.

In other Facebook news, Director Jan Koum sold 594,246 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $179.35, for a total value of $106,578,020.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total value of $123,157.50. Following the completion of the sale, the vice president now owns 92,591 shares in the company, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,762,164 shares of company stock valued at $1,015,885,901. Insiders own 19.08% of the company’s stock.

Facebook, Inc. (NASDAQ FB) opened at $179.00 on Friday. Facebook, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $182.90. The stock has a market capitalization of $520,139.66, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67.

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

WARNING: “Hanson McClain Inc. Sells 10 Shares of Facebook, Inc. (FB)” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/hanson-mcclain-inc-sells-10-shares-of-facebook-inc-fb/1713095.html.

Facebook Company Profile

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)

Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.