Hochman Cole Investment Advisors Inc. lessened its position in Facebook, Inc. (NASDAQ:FB) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,248 shares of the social networking company’s stock after selling 141 shares during the period. Hochman Cole Investment Advisors Inc.’s holdings in Facebook were worth $589,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AE Wealth Management LLC increased its position in Facebook by 42.6% during the second quarter. AE Wealth Management LLC now owns 82,420 shares of the social networking company’s stock worth $18,715,000 after purchasing an additional 24,635 shares during the last quarter. Sarasin & Partners LLP increased its position in Facebook by 223.4% during the second quarter. Sarasin & Partners LLP now owns 256,493 shares of the social networking company’s stock worth $58,242,000 after purchasing an additional 177,179 shares during the last quarter. UBP Investment Advisors SA acquired a new position in Facebook during the third quarter worth approximately $210,000. Foundations Investment Advisors LLC increased its position in Facebook by 7.8% during the third quarter. Foundations Investment Advisors LLC now owns 7,764 shares of the social networking company’s stock worth $2,018,000 after purchasing an additional 563 shares during the last quarter. Finally, Clarius Group LLC increased its position in Facebook by 3.8% during the third quarter. Clarius Group LLC now owns 41,396 shares of the social networking company’s stock worth $10,842,000 after purchasing an additional 1,521 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

In related news, CTO Michael Todd Schroepfer sold 112 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $262.09, for a total transaction of $29,354.08. Following the transaction, the chief technology officer now owns 498,238 shares of the company’s stock, valued at $130,583,197.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $261.39, for a total transaction of $296,154.87. Following the transaction, the chief accounting officer now directly owns 4,182 shares in the company, valued at approximately $1,093,132.98. The disclosure for this sale can be found here. Insiders sold 34,255 shares of company stock valued at $9,484,634 over the last three months. 14.14% of the stock is owned by insiders.

Several equities analysts recently commented on FB shares. 140166 upped their price target on shares of Facebook from $285.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, July 31st. Rosenblatt Securities boosted their price objective on shares of Facebook from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Raymond James boosted their price objective on shares of Facebook from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 31st. They noted that the move was a valuation call. Citigroup boosted their price objective on shares of Facebook from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. They noted that the move was a valuation call. Finally, MKM Partners boosted their price objective on shares of Facebook from $240.00 to $290.00 in a research note on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $283.50.

Shares of FB traded up $6.67 during midday trading on Friday, hitting $284.79. The stock had a trading volume of 17,535,155 shares, compared to its average volume of 23,394,773. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $304.67. The business has a 50-day simple moving average of $265.10 and a two-hundred day simple moving average of $238.00. The firm has a market cap of $811.31 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 1.71 and a beta of 1.29.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analyst estimates of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 22.90%. On average, equities analysts anticipate that Facebook, Inc. will post 8.12 earnings per share for the current year.

About Facebook

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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