Meristem Family Wealth LLC Has $536,000 Stake in Facebook, Inc. (FB)

Meristem Family Wealth LLC cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 18.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,262 shares of the social networking company’s stock after selling 744 shares during the period. Meristem Family Wealth LLC’s holdings in Facebook were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Investment Management LLC grew its stake in shares of Facebook by 3.1% during the second quarter. Quest Investment Management LLC now owns 76,768 shares of the social networking company’s stock valued at $14,918,000 after acquiring an additional 2,330 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Facebook by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 3,256,170 shares of the social networking company’s stock worth $632,739,000 after purchasing an additional 10,159 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Facebook by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 22,102,171 shares of the social networking company’s stock worth $4,294,895,000 after purchasing an additional 184,595 shares during the last quarter. One Capital Management LLC lifted its position in shares of Facebook by 26.4% during the second quarter. One Capital Management LLC now owns 23,931 shares of the social networking company’s stock worth $4,650,000 after purchasing an additional 4,992 shares during the last quarter. Finally, HL Financial Services LLC lifted its position in shares of Facebook by 2.2% during the second quarter. HL Financial Services LLC now owns 120,208 shares of the social networking company’s stock worth $23,359,000 after purchasing an additional 2,628 shares during the last quarter. Hedge funds and other institutional investors own 59.63% of the company’s stock.

In related news, VP Colin Stretch sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total transaction of $1,350,000.00. Following the transaction, the vice president now owns 94,680 shares in the company, valued at $14,202,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $173.24, for a total transaction of $9,528,200.00. The disclosure for this sale can be found here. Insiders have sold 391,461 shares of company stock worth $60,325,530 in the last quarter. Company insiders own 16.25% of the company’s stock.

NASDAQ FB opened at $165.98 on Friday. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62. The company has a market cap of $482.17 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.01 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.20. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The business had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.40 billion. During the same quarter last year, the business earned $1.44 earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. Research analysts expect that Facebook, Inc. will post 7.55 EPS for the current fiscal year.

FB has been the topic of several research analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Facebook in a research report on Thursday, December 20th. Deutsche Bank reaffirmed a “buy” rating and set a $195.00 price target on shares of Facebook in a research report on Friday, December 14th. Needham & Company LLC reduced their price target on shares of Facebook from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Facebook in a research report on Monday, November 26th. Finally, MKM Partners reduced their price target on shares of Facebook from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, November 26th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $191.58.

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Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces 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 messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use 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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