Trust Co. of Vermont Lowers Holdings in Facebook, Inc. Common Stock (FB)

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Trust Co. of Vermont reduced its holdings in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 57,621 shares of the social networking company’s stock after selling 1,722 shares during the period. Trust Co. of Vermont’s holdings in Facebook, Inc. Common Stock were worth $9,207,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Facebook, Inc. Common Stock by 2.0% in the first quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after acquiring an additional 2,966,437 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Facebook, Inc. Common Stock by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after acquiring an additional 1,010,306 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Facebook, Inc. Common Stock by 3.1% in the fourth quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock valued at $2,669,014,000 after acquiring an additional 458,048 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Facebook, Inc. Common Stock by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock valued at $2,067,249,000 after acquiring an additional 58,561 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Facebook, Inc. Common Stock by 4.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock valued at $2,221,204,000 after acquiring an additional 558,184 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

In other news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $192.55, for a total value of $144,412.50. Following the completion of the transaction, the vice president now owns 92,365 shares of the company’s stock, valued at $17,784,880.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 720,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $208.56, for a total transaction of $150,163,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,724,787 shares of company stock valued at $2,263,861,337. Company insiders own 17.23% of the company’s stock.

FB has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed a “$210.91” rating and issued a $242.00 target price on shares of Facebook, Inc. Common Stock in a report on Monday, July 23rd. Barclays reissued a “buy” rating and set a $190.00 price objective on shares of Facebook, Inc. Common Stock in a report on Wednesday, June 27th. Macquarie reissued a “buy” rating and set a $200.00 price objective on shares of Facebook, Inc. Common Stock in a report on Wednesday, June 27th. Zacks Investment Research raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating and set a $226.00 price objective on the stock in a report on Tuesday, June 26th. Finally, BidaskClub raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $206.33.

NASDAQ:FB opened at $167.18 on Thursday. The company 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 has a 1-year low of $149.02 and a 1-year high of $218.62.

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

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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