Facebook, Inc. (FB) Holdings Trimmed by Bremer Trust National Association

Bremer Trust National Association trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,111 shares of the social networking company’s stock after selling 2,485 shares during the quarter. Bremer Trust National Association’s holdings in Facebook were worth $1,527,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC boosted its stake in Facebook by 2.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after purchasing an additional 6,740 shares during the period. Grand Jean Capital Management Inc. boosted its stake in Facebook by 14.3% in the 1st quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after purchasing an additional 15,910 shares during the period. Segment Wealth Management LLC boosted its stake in Facebook by 157.5% in the 1st quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after purchasing an additional 4,485 shares during the period. Howard Capital Management boosted its position in shares of Facebook by 2.8% during the 1st quarter. Howard Capital Management now owns 134,712 shares of the social networking company’s stock valued at $19,136,000 after acquiring an additional 3,726 shares during the last quarter. Finally, Patten & Patten Inc. TN boosted its position in shares of Facebook by 14.0% during the 1st quarter. Patten & Patten Inc. TN now owns 9,785 shares of the social networking company’s stock valued at $1,390,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 57.30% of the company’s stock.

A number of research firms have recently commented on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Robert W. Baird reiterated an “outperform” rating and set a $185.00 target price (up from $163.00) on shares of Facebook in a research report on Thursday, July 27th. Mizuho reiterated a “buy” rating on shares of Facebook in a research report on Monday, August 7th. MKM Partners reiterated a “buy” rating and set a $200.00 target price (up from $180.00) on shares of Facebook in a research report on Monday, August 7th. Finally, Pivotal Research downgraded Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $183.74.

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Shares of Facebook, Inc. (NASDAQ:FB) traded up 0.40% during mid-day trading on Friday, hitting $171.64. The stock had a trading volume of 15,660,539 shares. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $175.49. The company has a market cap of $498.48 billion, a PE ratio of 38.42 and a beta of 0.76. The stock has a 50 day moving average price of $170.10 and a 200-day moving average price of $153.80.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. On average, equities analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

In related news, COO Sheryl Sandberg sold 131,500 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $152.65, for a total value of $20,073,475.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total value of $111,750.00. Following the completion of the transaction, the vice president now directly owns 86,156 shares of the company’s stock, valued at $12,837,244. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,109,908 shares of company stock valued at $2,140,922,321. Company insiders own 19.08% of the company’s stock.

About Facebook

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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