Facebook, Inc. (FB) Holdings Reduced by Truepoint Inc.

Truepoint Inc. trimmed its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,346 shares of the social networking company’s stock after selling 1,571 shares during the quarter. Facebook comprises 0.6% of Truepoint Inc.’s portfolio, making the stock its 9th biggest holding. Truepoint Inc.’s holdings in Facebook were worth $6,061,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Regal Investment Advisors LLC grew its position in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares during the last quarter. Aspen Investment Management Inc lifted its stake in shares of Facebook by 0.4% in the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after buying an additional 30 shares during the period. First Commonwealth Financial Corp PA lifted its stake in shares of Facebook by 0.5% in the second quarter. First Commonwealth Financial Corp PA now owns 8,630 shares of the social networking company’s stock valued at $1,303,000 after buying an additional 46 shares during the period. Affinity Wealth Management lifted its stake in shares of Facebook by 2.5% in the second quarter. Affinity Wealth Management now owns 2,184 shares of the social networking company’s stock valued at $330,000 after buying an additional 54 shares during the period. Finally, Odey Holdings AG lifted its stake in shares of Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the period. 58.55% of the stock is currently owned by institutional investors.

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NASDAQ:FB opened at $165.84 on Tuesday. Facebook, Inc. has a 1 year low of $144.34 and a 1 year high of $195.32. The company has a market capitalization of $483,043.41, a PE ratio of 26.92, a PEG ratio of 0.91 and a beta of 0.80.



Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. sell-side analysts forecast that Facebook, Inc. will post 7.11 EPS for the current fiscal year.

FB has been the subject of several research reports. Macquarie reiterated a “buy” rating and issued a $200.00 target price on shares of Facebook in a research note on Tuesday, March 20th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 target price for the company in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Facebook from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. JPMorgan Chase reiterated a “buy” rating and issued a $242.00 target price on shares of Facebook in a research note on Tuesday, April 10th. Finally, Wedbush set a $260.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Monday, April 16th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the company. Facebook presently has an average rating of “Buy” and a consensus price target of $209.18.

In other news, VP David B. Fischer sold 5,587 shares of Facebook stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total transaction of $9,748,750.00. The disclosure for this sale can be found here. Insiders sold 8,061,678 shares of company stock valued at $1,400,894,923 in the last quarter. 16.25% of the stock is currently owned by corporate insiders.

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Facebook Profile

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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