Indiana Trust & Investment Management CO Sells 692 Shares of Facebook Inc (FB)

Indiana Trust & Investment Management CO trimmed its holdings in Facebook Inc (NASDAQ:FB) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,733 shares of the social networking company’s stock after selling 692 shares during the period. Facebook accounts for approximately 1.0% of Indiana Trust & Investment Management CO’s holdings, making the stock its 23rd largest position. Indiana Trust & Investment Management CO’s holdings in Facebook were worth $2,005,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. D. Scott Neal Inc. lifted its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Facebook in the second quarter worth $138,000. Watermark Asset Management Inc. acquired a new stake in shares of Facebook in the first quarter worth $141,000. Finally, Vigilant Capital Management LLC lifted its stake in shares of Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after buying an additional 150 shares during the last quarter. 57.86% of the stock is owned by institutional investors.

In other news, CTO Michael Todd Schroepfer sold 38,042 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $177.86, for a total value of $6,766,150.12. Following the sale, the chief technology officer now owns 402,534 shares of the company’s stock, valued at approximately $71,594,697.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total transaction of $128,550.00. Following the completion of the sale, the vice president now directly owns 93,341 shares in the company, valued at approximately $15,998,647.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,066,441 shares of company stock worth $903,750,174. 17.23% of the stock is owned by insiders.

Shares of Facebook Inc (NASDAQ:FB) opened at $180.18 on Monday. Facebook Inc has a fifty-two week low of $114.77 and a fifty-two week high of $184.25. The firm has a market cap of $523,568.47, a PE ratio of 34.72, a PEG ratio of 1.15 and a beta of 0.69.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current year.

FB has been the subject of a number of analyst reports. Cowen restated an “average” rating and issued a $200.00 price objective (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Deutsche Bank reiterated a “buy” rating and set a $220.00 target price (up from $215.00) on shares of Facebook in a research note on Thursday, September 28th. Citigroup reiterated a “buy” rating and set a $200.00 target price on shares of Facebook in a research note on Wednesday, September 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $190.00 target price on shares of Facebook in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $200.75.

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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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