ST Germain D J Co. Inc. Decreases Position in Facebook Inc (FB)

ST Germain D J Co. Inc. decreased its position in shares of Facebook Inc (NASDAQ:FB) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,843 shares of the social networking company’s stock after selling 339 shares during the quarter. Facebook accounts for approximately 1.6% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 25th largest position. ST Germain D J Co. Inc.’s holdings in Facebook were worth $12,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hartford Financial Management Inc. lifted its position in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after purchasing an additional 16 shares during the period. Regal Investment Advisors LLC lifted its holdings in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after acquiring an additional 18 shares during the last quarter. Halbert Hargrove Russell LLC lifted its holdings in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after acquiring an additional 19 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of Facebook by 2.1% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after acquiring an additional 30 shares during the last quarter. Finally, Aspen Investment Management Inc lifted its holdings in shares of Facebook by 0.4% in the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after acquiring an additional 30 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the completion of the sale, the vice president now owns 89,916 shares of the company’s stock, valued at approximately $15,504,215.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the sale, the insider now directly owns 172,871 shares of the company’s stock, valued at approximately $30,286,999.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,182,199 shares of company stock valued at $752,724,430. Insiders own 17.23% of the company’s stock.

Shares of Facebook Inc (NASDAQ FB) opened at $187.77 on Friday. The firm has a market cap of $545,620.00, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Facebook Inc has a 52-week low of $124.80 and a 52-week high of $188.90.

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

FB has been the subject of a number of research reports. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Morgan Stanley set a $200.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC increased their target price on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Canaccord Genuity increased their target price on shares of Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, forty-three have assigned a buy rating and three have given a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $202.85.

TRADEMARK VIOLATION WARNING: This story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://transcriptdaily.com/2018/01/12/st-germain-d-j-co-inc-decreases-position-in-facebook-inc-fb.html.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply