Cypress Capital Group reduced its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 92.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,234 shares of the social networking company’s stock after selling 28,574 shares during the quarter. Cypress Capital Group’s holdings in Facebook, Inc. Common Stock were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its stake in 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 worth $640,000 after purchasing an additional 284 shares during the period. Harvest Group Wealth Management LLC increased its stake in 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 worth $1,986,000 after purchasing an additional 286 shares during the period. Risk Paradigm Group LLC increased its stake in 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 worth $116,000 after purchasing an additional 294 shares during the period. Security National Trust Co. increased its stake in 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 worth $2,129,000 after purchasing an additional 295 shares during the period. Finally, AMG National Trust Bank increased its stake in 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 worth $417,000 after purchasing an additional 300 shares during the period. Institutional investors own 60.41% of the company’s stock.

FB opened at $163.04 on Friday. Facebook, Inc. Common Stock has a 1 year low of $149.02 and a 1 year high of $218.62. The stock has a market capitalization of $485.66 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.07 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 (EPS) for the quarter, missing the 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 company had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. During the same quarter last year, the firm earned $1.32 EPS. Facebook, Inc. Common Stock’s revenue for the quarter was up 41.9% on a year-over-year basis. equities research analysts expect that Facebook, Inc. Common Stock will post 7.08 EPS for the current fiscal year.

FB has been the topic of several research reports. SunTrust Banks cut their price target on Facebook, Inc. Common Stock to $200.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Wells Fargo & Co restated an “outperform” rating and set a $250.00 price target (up previously from $230.00) on shares of Facebook, Inc. Common Stock in a research note on Monday, July 2nd. Raymond James lowered Facebook, Inc. Common Stock from a “strong-buy” rating to an “outperform” rating and set a $210.00 price target on the stock. in a research note on Thursday, July 26th. Piper Jaffray Companies raised their price target on Facebook, Inc. Common Stock to $250.00 and gave the company an “in-line” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada restated a “buy” rating and set a $225.00 price target on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $206.33.

In other Facebook, Inc. Common Stock news, CEO Mark Zuckerberg sold 677,000 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $192.18, for a total value of $130,105,860.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher K. Cox sold 10,600 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $194.13, for a total value of $2,057,778.00. Following the completion of the sale, the insider now directly owns 123,482 shares of the company’s stock, valued at approximately $23,971,560.66. The disclosure for this sale can be found here. In the last three months, insiders sold 11,290,837 shares of company stock valued at $2,181,968,959. Corporate insiders own 17.23% of the company’s stock.

Facebook, Inc. Common Stock Company 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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