M Holdings Securities Inc. Sells 712 Shares of Facebook Inc (FB)

M Holdings Securities Inc. cut its holdings in shares of Facebook Inc (NASDAQ:FB) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,221 shares of the social networking company’s stock after selling 712 shares during the quarter. M Holdings Securities Inc.’s holdings in Facebook were worth $1,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Griffin Asset Management Inc. acquired a new position in Facebook during the second quarter worth about $242,000. Gs Investments Inc. purchased a new position in Facebook during the second quarter worth about $2,778,000. Achmea Investment Management B.V. raised its stake in Facebook by 15.8% during the second quarter. Achmea Investment Management B.V. now owns 81,297 shares of the social networking company’s stock worth $12,273,000 after purchasing an additional 11,084 shares during the period. J.P. Marvel Investment Advisors LLC raised its stake in Facebook by 9.4% during the second quarter. J.P. Marvel Investment Advisors LLC now owns 33,837 shares of the social networking company’s stock worth $5,109,000 after purchasing an additional 2,912 shares during the period. Finally, Kimelman & Baird LLC raised its stake in Facebook by 0.4% during the second quarter. Kimelman & Baird LLC now owns 217,776 shares of the social networking company’s stock worth $32,880,000 after purchasing an additional 940 shares during the period. Hedge funds and other institutional investors own 57.86% of the company’s stock.

Shares of Facebook Inc (NASDAQ:FB) opened at $180.18 on Friday. Facebook Inc has a 52 week low of $114.77 and a 52 week high of $184.25. The firm has a market cap of $528,820.00, a P/E ratio of 34.35, a P/E/G ratio of 1.13 and a beta of 0.69.

Facebook (NASDAQ:FB) last announced its 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. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 47.3% on a year-over-year basis. analysts predict that Facebook Inc will post 5.86 EPS for the current year.

In related news, CEO Mark Zuckerberg sold 247,452 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $171.75, for a total transaction of $42,499,881.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the sale, the insider now directly owns 178,802 shares in the company, valued at $30,523,289.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,066,441 shares of company stock worth $903,750,174. 17.23% of the stock is owned by insiders.

A number of equities analysts have commented on FB shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Friday, October 20th. Barclays lifted their target price on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $185.00 target price on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC lifted their target price on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $200.75.

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About Facebook

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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