Scott & Selber Inc. lowered its stake in shares of Facebook Inc (NASDAQ:FB) by 2.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,590 shares of the social networking company’s stock after selling 632 shares during the period. Facebook comprises 2.4% of Scott & Selber Inc.’s portfolio, making the stock its 7th biggest holding. Scott & Selber Inc.’s holdings in Facebook were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of FB. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the third quarter valued at $111,000. D. Scott Neal Inc. increased its stake in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Facebook in the second quarter valued at $138,000. Vigilant Capital Management LLC increased its stake in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the last quarter. Finally, Odey Holdings AG increased its stake in 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 acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 57.76% of the company’s stock.

Facebook Inc (FB) opened at $185.37 on Tuesday. Facebook Inc has a 1-year low of $126.95 and a 1-year high of $188.90. The stock has a market cap of $538,650.00, a P/E ratio of 34.46, a PEG ratio of 1.03 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue was up 47.3% on a year-over-year basis. analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

In related news, insider Michael Todd Schroepfer sold 38,017 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the sale, the insider now owns 381,521 shares of the company’s stock, valued at $71,661,089.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.27, for a total transaction of $2,884,320.00. Following the completion of the sale, the insider now directly owns 49,816 shares of the company’s stock, valued at approximately $8,980,330.32. The disclosure for this sale can be found here. Insiders have sold 4,164,699 shares of company stock valued at $749,660,440 over the last quarter. Company insiders own 17.23% of the company’s stock.

A number of research analysts recently commented on the company. Morningstar set a $163.00 target price on Facebook and gave the company a “neutral” rating in a research note on Friday. BidaskClub lowered shares of Facebook from a “strong-buy” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Facebook in a report on Monday, January 15th. SunTrust Banks increased their target price on shares of Facebook to $240.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Stifel Nicolaus lowered shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $202.86.

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Facebook Company 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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