Highstreet Asset Management Inc. lowered its holdings in shares of Facebook Inc (NASDAQ:FB) by 63.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,752 shares of the social networking company’s stock after selling 22,606 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Facebook were worth $2,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D. Scott Neal Inc. grew its stake in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in shares of Facebook during the 2nd quarter valued at approximately $138,000. Vigilant Capital Management LLC grew its stake in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the period. Odey Holdings AG grew its stake in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after acquiring an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in shares of Facebook during the 2nd quarter valued at approximately $165,000. 57.72% of the stock is owned by hedge funds and other institutional investors.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $172.89, for a total value of $2,766,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 249,527 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $170.32, for a total value of $42,499,438.64. The disclosure for this sale can be found here. In the last three months, insiders sold 4,818,989 shares of company stock valued at $861,383,818. Corporate insiders own 17.23% of the company’s stock.

A number of research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $200.00 price objective on shares of Facebook in a research note on Wednesday, September 27th. Cowen reiterated an “average” rating and set a $200.00 price objective (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $190.00 price objective on shares of Facebook in a research note on Tuesday, September 26th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $225.00 price objective on shares of Facebook in a research note on Thursday, November 2nd. Finally, Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 price objective for the company in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have assigned a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and an average target price of $200.81.

Shares of Facebook Inc (FB) opened at $177.92 on Friday. Facebook Inc has a 12-month low of $114.77 and a 12-month high of $184.25. The firm has a market capitalization of $517,000.00, a PE ratio of 33.07, a P/E/G ratio of 1.13 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. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 27.41% and a net margin of 45.58%. The company’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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