Heritage Trust Co Sells 371 Shares of Facebook, Inc. (NASDAQ:FB)

Heritage Trust Co reduced its stake in Facebook, Inc. (NASDAQ:FB) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,183 shares of the social networking company’s stock after selling 371 shares during the period. Heritage Trust Co’s holdings in Facebook were worth $1,699,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cornercap Investment Counsel Inc. boosted its holdings in shares of Facebook by 86.5% in the first quarter. Cornercap Investment Counsel Inc. now owns 16,424 shares of the social networking company’s stock worth $2,740,000 after acquiring an additional 7,618 shares during the period. Argent Trust Co boosted its holdings in shares of Facebook by 11.7% in the first quarter. Argent Trust Co now owns 47,271 shares of the social networking company’s stock worth $7,885,000 after acquiring an additional 4,938 shares during the period. Cardan Capital Partners LLC boosted its holdings in shares of Facebook by 18.4% in the first quarter. Cardan Capital Partners LLC now owns 3,128 shares of the social networking company’s stock worth $522,000 after acquiring an additional 485 shares during the period. Meitav Dash Investments Ltd. boosted its holdings in shares of Facebook by 704.5% in the first quarter. Meitav Dash Investments Ltd. now owns 110,939 shares of the social networking company’s stock worth $18,503,000 after acquiring an additional 97,150 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Facebook by 1.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 541,860 shares of the social networking company’s stock worth $90,382,000 after acquiring an additional 7,932 shares during the period. 65.13% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ FB traded up $3.45 during trading hours on Friday, hitting $234.84. The company’s stock had a trading volume of 24,240,464 shares, compared to its average volume of 25,035,788. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. The stock has a market cap of $659.25 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 1.57 and a beta of 1.16. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $237.20. The business has a 50-day simple moving average of $189.06 and a 200-day simple moving average of $195.81.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.07). The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. On average, equities research analysts forecast that Facebook, Inc. will post 7.25 EPS for the current year.

In other Facebook news, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the sale, the chief accounting officer now directly owns 3,147 shares of the company’s stock, valued at approximately $703,008.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO David B. Fischer sold 22,000 shares of Facebook stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $205.29, for a total value of $4,516,380.00. Following the sale, the executive now directly owns 57,503 shares in the company, valued at $11,804,790.87. The disclosure for this sale can be found here. Insiders sold 68,199 shares of company stock worth $13,967,456 over the last three months. 14.14% of the stock is owned by insiders.

Several research firms recently issued reports on FB. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of Facebook in a research note on Thursday, April 16th. Goldman Sachs Group lifted their price objective on Facebook from $170.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. SunTrust Banks lifted their price objective on Facebook from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Cowen lifted their price objective on Facebook from $215.00 to $245.00 in a research note on Thursday, April 30th. Finally, Rosenblatt Securities lifted their price objective on Facebook from $223.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned a buy rating and two have given a strong buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus target price of $240.98.

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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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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