WASHINGTON TRUST Co Sells 5,867 Shares of Facebook Inc (FB)
WASHINGTON TRUST Co lessened its stake in shares of Facebook Inc (NASDAQ:FB) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 170,970 shares of the social networking company’s stock after selling 5,867 shares during the period. Facebook comprises about 1.7% of WASHINGTON TRUST Co’s portfolio, making the stock its 14th largest holding. WASHINGTON TRUST Co’s holdings in Facebook were worth $29,213,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. D. Scott Neal Inc. lifted its holdings in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Facebook in the second quarter valued at $138,000. Vigilant Capital Management LLC lifted its holdings in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 150 shares in the last quarter. Odey Holdings AG lifted its holdings in shares of Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after purchasing an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Facebook in the second quarter valued at $165,000. Institutional investors own 57.73% of the company’s stock.
Facebook Inc (NASDAQ:FB) opened at $187.84 on Thursday. The company has a market cap of $545,830.00, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Facebook Inc has a 1 year low of $124.06 and a 1 year high of $188.90.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm’s revenue was up 47.3% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. equities research analysts anticipate that Facebook Inc will post 5.86 EPS for the current fiscal year.
In other news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $175.20, for a total value of $2,803,200.00. Following the sale, the insider now directly owns 172,871 shares of the company’s stock, valued at $30,286,999.20. The sale 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 firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now directly owns 89,916 shares in the company, valued at $15,504,215.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,144,182 shares of company stock worth $745,583,697. 17.23% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on FB shares. Cowen restated an “average” rating and issued a $200.00 target price (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 price objective on Facebook and gave the stock a “buy” rating in a report on Friday, October 6th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price objective on shares of Facebook in a report on Thursday, October 5th. Finally, KeyCorp reiterated a “buy” rating and set a $200.00 price objective on shares of Facebook in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-two have issued a buy rating and four have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $202.71.
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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.
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