Lowe Brockenbrough & Co. Inc. Reduces Position in Facebook, Inc. (NASDAQ:FB)

Share on StockTwits

Lowe Brockenbrough & Co. Inc. trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,559 shares of the social networking company’s stock after selling 406 shares during the period. Facebook accounts for 1.5% of Lowe Brockenbrough & Co. Inc.’s holdings, making the stock its 13th biggest holding. Lowe Brockenbrough & Co. Inc.’s holdings in Facebook were worth $12,456,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rocky Mountain Advisers LLC purchased a new stake in Facebook in the third quarter valued at $26,000. Watson Rebecca purchased a new stake in Facebook in the second quarter valued at $25,000. Carolina Wealth Advisors LLC raised its position in shares of Facebook by 58.2% in the third quarter. Carolina Wealth Advisors LLC now owns 144 shares of the social networking company’s stock worth $38,000 after acquiring an additional 53 shares during the period. JJJ Advisors Inc. raised its position in shares of Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after acquiring an additional 105 shares during the period. Finally, Newfound Research LLC acquired a new position in shares of Facebook in the third quarter worth about $40,000. 65.31% of the stock is currently owned by institutional investors.

In related news, CRO David B. Fischer sold 13,110 shares of Facebook stock in a transaction on Monday, August 31st. The shares were sold at an average price of $293.95, for a total transaction of $3,853,684.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $251.57, for a total transaction of $48,804.58. Following the sale, the vice president now owns 1,724 shares in the company, valued at $433,706.68. The disclosure for this sale can be found here. Insiders have sold a total of 34,487 shares of company stock worth $9,557,944 over the last quarter. 14.14% of the stock is owned by company insiders.

Shares of FB opened at $280.83 on Friday. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $304.67. The firm’s fifty day simple moving average is $264.88 and its 200-day simple moving average is $241.45. The firm has a market capitalization of $800.03 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.71 and a beta of 1.29.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Thursday, October 29th. The social networking company reported $2.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.80. Facebook had a net margin of 31.29% and a return on equity of 22.90%. The business had revenue of $21.47 billion for the quarter, compared to analyst estimates of $19.78 billion. During the same period last year, the business earned $2.12 EPS. The company’s revenue was up 21.6% on a year-over-year basis. Equities research analysts expect that Facebook, Inc. will post 8.12 EPS for the current year.

FB has been the subject of a number of analyst reports. 140166 upped their price objective on shares of Facebook from $285.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, July 31st. Morgan Stanley increased their price objective on shares of Facebook from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, September 18th. Pivotal Research increased their price objective on shares of Facebook from $225.00 to $275.00 and gave the company a “hold” rating in a report on Friday, July 31st. SunTrust Banks reiterated a “buy” rating and issued a $285.00 price objective (up previously from $245.00) on shares of Facebook in a report on Friday, July 31st. Finally, Jefferies Financial Group increased their price target on shares of Facebook from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $284.28.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

See Also: What Is Dividend Yield and How Do You Calculate It?

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Nutanix  Upgraded by The Goldman Sachs Group to “Neutral”
Nutanix Upgraded by The Goldman Sachs Group to “Neutral”
Insider Selling: Berry Global Group, Inc.  President Sells $1,029,060.00 in Stock
Insider Selling: Berry Global Group, Inc. President Sells $1,029,060.00 in Stock
Insider Selling: NVR, Inc.  CEO Sells $1,050,367.50 in Stock
Insider Selling: NVR, Inc. CEO Sells $1,050,367.50 in Stock
Group Holdings  Advis Tpg Sells 35,381 Shares of Progyny, Inc.  Stock
Group Holdings Advis Tpg Sells 35,381 Shares of Progyny, Inc. Stock
Insider Selling: STAAR Surgical  VP Sells $1,148,994.21 in Stock
Insider Selling: STAAR Surgical VP Sells $1,148,994.21 in Stock
Mark Allison Sells 112,457 Shares of Elders Limited   Stock
Mark Allison Sells 112,457 Shares of Elders Limited Stock


 
© 2006-2020 Zolmax.