Vigilare Wealth Management reduced its stake in shares of Facebook, Inc. (NASDAQ:FB) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,358 shares of the social networking company’s stock after selling 315 shares during the quarter. Facebook comprises about 2.0% of Vigilare Wealth Management’s investment portfolio, making the stock its 12th largest holding. Vigilare Wealth Management’s holdings in Facebook were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Gyroscope Capital Management Group LLC raised its position in Facebook by 5.5% in the third quarter. Gyroscope Capital Management Group LLC now owns 5,693 shares of the social networking company’s stock worth $1,491,000 after acquiring an additional 299 shares in the last quarter. Raymond James Trust N.A. raised its position in Facebook by 0.4% in the third quarter. Raymond James Trust N.A. now owns 69,479 shares of the social networking company’s stock worth $18,197,000 after acquiring an additional 296 shares in the last quarter. Norway Savings Bank raised its position in Facebook by 44.0% in the third quarter. Norway Savings Bank now owns 556 shares of the social networking company’s stock worth $146,000 after acquiring an additional 170 shares in the last quarter. First National Bank Sioux Falls raised its position in Facebook by 4.0% in the third quarter. First National Bank Sioux Falls now owns 2,313 shares of the social networking company’s stock worth $606,000 after acquiring an additional 90 shares in the last quarter. Finally, Aries Wealth Management raised its position in Facebook by 1.0% in the third quarter. Aries Wealth Management now owns 10,544 shares of the social networking company’s stock worth $2,761,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Shares of FB stock opened at $265.93 on Friday. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $304.67. The firm has a market cap of $757.59 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.29. The stock has a 50 day moving average of $268.73 and a 200-day moving average of $234.17.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. Facebook had a return on equity of 22.90% and a net margin of 31.29%. The company had revenue of $18.69 billion during the quarter, compared to analyst estimates of $17.29 billion. On average, equities analysts expect that Facebook, Inc. will post 8.11 EPS for the current fiscal year.

Several equities research analysts have commented on FB shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $300.00 price target (up from $290.00) on shares of Facebook in a research report on Friday, July 31st. Wedbush lifted their price target on Facebook from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. William Blair reissued an “outperform” rating on shares of Facebook in a research note on Friday, July 31st. Goldman Sachs Group reissued a “buy” rating and issued a $303.00 price target (up previously from $265.00) on shares of Facebook in a research note on Friday, July 31st. Finally, HSBC lifted their price target on Facebook from $190.00 to $195.00 and gave the stock a “reduce” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $283.11.

In related news, VP Jennifer Newstead sold 194 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $246.22, for a total value of $47,766.68. Following the completion of the transaction, the vice president now directly owns 2,112 shares in the company, valued at $520,016.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO David B. Fischer sold 13,110 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $293.95, for a total value of $3,853,684.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,023 shares of company stock valued at $9,420,337. Corporate insiders own 14.14% of the company’s stock.

Facebook Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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