Newman Dignan & Sheerar Inc. decreased its holdings in Facebook, Inc. Common Stock (NASDAQ:FB) by 7.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,666 shares of the social networking company’s stock after selling 555 shares during the quarter. Facebook, Inc. Common Stock accounts for about 86.6% of Newman Dignan & Sheerar Inc.’s holdings, making the stock its biggest position. Newman Dignan & Sheerar Inc.’s holdings in Facebook, Inc. Common Stock were worth $1,295,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in Facebook, Inc. Common Stock by 1.8% during the fourth quarter. Rhumbline Advisers now owns 3,979,877 shares of the social networking company’s stock worth $702,289,000 after purchasing an additional 71,483 shares in the last quarter. Polen Capital Management LLC raised its holdings in Facebook, Inc. Common Stock by 1.6% during the fourth quarter. Polen Capital Management LLC now owns 6,035,504 shares of the social networking company’s stock worth $1,065,025,000 after purchasing an additional 95,472 shares in the last quarter. TTP Investments Inc. acquired a new stake in Facebook, Inc. Common Stock during the fourth quarter worth approximately $5,732,000. River Wealth Advisors LLC raised its holdings in Facebook, Inc. Common Stock by 11.7% during the fourth quarter. River Wealth Advisors LLC now owns 10,552 shares of the social networking company’s stock worth $1,862,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in Facebook, Inc. Common Stock by 2.5% during the fourth quarter. Bridges Investment Management Inc. now owns 55,486 shares of the social networking company’s stock worth $9,791,000 after purchasing an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 60.42% of the company’s stock.

In related news, CEO Mark Zuckerberg sold 720,000 shares of the business’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $208.56, for a total value of $150,163,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Wehner sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $199.90, for a total transaction of $1,999,000.00. Following the completion of the transaction, the chief financial officer now directly owns 67,279 shares of the company’s stock, valued at approximately $13,449,072.10. The disclosure for this sale can be found here. Insiders sold a total of 10,300,078 shares of company stock worth $1,991,797,235 over the last quarter. Insiders own 17.23% of the company’s stock.

FB has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Facebook, Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 11th. ValuEngine raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Friday, July 6th. BidaskClub cut shares of Facebook, Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Barclays reaffirmed a “buy” rating and issued a $190.00 target price on shares of Facebook, Inc. Common Stock in a report on Wednesday, June 27th. Finally, Macquarie reissued a “buy” rating and issued a $200.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Wednesday, June 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have assigned 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 $207.96.

Shares of NASDAQ FB opened at $162.00 on Thursday. Facebook, Inc. Common Stock has a one year low of $149.02 and a one year high of $218.62. The firm has a market cap of $482.06 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.06 and a beta of 0.49.

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