Facebook Inc (FB) Holdings Reduced by Peloton Wealth Strategists

Peloton Wealth Strategists reduced its position in Facebook Inc (NASDAQ:FB) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 81,975 shares of the social networking company’s stock after selling 425 shares during the period. Facebook comprises approximately 2.1% of Peloton Wealth Strategists’ holdings, making the stock its 16th biggest holding. Peloton Wealth Strategists’ holdings in Facebook were worth $2,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FB. Vanguard Group Inc. boosted its holdings in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. Capital World Investors boosted its holdings in shares of Facebook by 1.5% in the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Facebook by 0.4% during the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after acquiring an additional 114,694 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Facebook by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after acquiring an additional 1,219,412 shares in the last quarter. 57.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Facebook Inc (NASDAQ FB) opened at $176.11 on Monday. The firm has a market cap of $511,599.56, a PE ratio of 32.67, a PEG ratio of 0.92 and a beta of 0.59. Facebook Inc has a 1 year low of $132.55 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. sell-side analysts anticipate that Facebook Inc will post 7.22 earnings per share for the current year.

In related news, VP David B. Fischer sold 5,587 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $177.68, for a total transaction of $133,260.00. Following the sale, the vice president now directly owns 87,341 shares of the company’s stock, valued at approximately $15,518,748.88. The disclosure for this sale can be found here. Insiders sold a total of 1,548,013 shares of company stock valued at $278,500,923 in the last three months. Insiders own 17.23% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a report on Wednesday, January 10th. Aegis lifted their target price on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Citigroup restated a “buy” rating and set a $220.00 target price on shares of Facebook in a report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $214.59.

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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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