Facebook, Inc. Common Stock (FB) Shares Sold by Atlantic Trust Group LLC

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Atlantic Trust Group LLC lowered its holdings in Facebook, Inc. Common Stock (NASDAQ:FB) by 28.7% during the first quarter, HoldingsChannel.com reports. The firm owned 817,971 shares of the social networking company’s stock after selling 329,265 shares during the period. Atlantic Trust Group LLC’s holdings in Facebook, Inc. Common Stock were worth $130,704,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Facebook, Inc. Common Stock by 8.5% in the fourth quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after buying an additional 284 shares in the last quarter. Harvest Group Wealth Management LLC grew its stake in shares of Facebook, Inc. Common Stock by 2.4% in the first quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after buying an additional 286 shares in the last quarter. Risk Paradigm Group LLC grew its stake in shares of Facebook, Inc. Common Stock by 81.4% in the fourth quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock valued at $116,000 after buying an additional 294 shares in the last quarter. Security National Trust Co. grew its stake in shares of Facebook, Inc. Common Stock by 2.3% in the first quarter. Security National Trust Co. now owns 13,327 shares of the social networking company’s stock valued at $2,129,000 after buying an additional 295 shares in the last quarter. Finally, AMG National Trust Bank grew its stake in shares of Facebook, Inc. Common Stock by 14.5% in the fourth quarter. AMG National Trust Bank now owns 2,364 shares of the social networking company’s stock valued at $417,000 after buying an additional 300 shares in the last quarter. Institutional investors own 60.42% of the company’s stock.

Facebook, Inc. Common Stock stock opened at $167.18 on Thursday. Facebook, Inc. Common Stock has a fifty-two week low of $149.02 and a fifty-two week high of $218.62. The stock has a market capitalization of $510.50 billion, a PE ratio of 27.14, a PEG ratio of 1.12 and a beta of 0.49.

Facebook, Inc. Common Stock (NASDAQ:FB) last posted its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The firm had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was up 41.9% on a year-over-year basis. analysts anticipate that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

FB has been the subject of several analyst reports. Citigroup cut Facebook, Inc. Common Stock to a “buy” rating and lowered their target price for the stock from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Credit Suisse Group set a $265.00 target price on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a research note on Monday, July 16th. Goldman Sachs Group reissued a “buy” rating and set a $225.00 target price on shares of Facebook, Inc. Common Stock in a research note on Monday, July 23rd. Pivotal Research reissued a “sell” rating and set a $138.00 target price on shares of Facebook, Inc. Common Stock in a research note on Friday, June 29th. Finally, BidaskClub raised Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Tuesday, July 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Facebook, Inc. Common Stock has an average rating of “Buy” and an average target price of $206.33.

In other Facebook, Inc. Common Stock news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $192.55, for a total transaction of $144,412.50. Following the completion of the sale, the vice president now directly owns 92,365 shares of the company’s stock, valued at approximately $17,784,880.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 195,000 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $175.69, for a total value of $34,259,550.00. The disclosure for this sale can be found here. Insiders sold a total of 11,724,787 shares of company stock valued at $2,263,861,337 over the last three months. Company insiders own 16.25% of the company’s stock.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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