Mogy Joel R Investment Counsel Inc. Has $14.42 Million Position in Facebook, Inc. Common Stock (FB)

Mogy Joel R Investment Counsel Inc. decreased its position in Facebook, Inc. Common Stock (NASDAQ:FB) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,245 shares of the social networking company’s stock after selling 750 shares during the quarter. Facebook, Inc. Common Stock accounts for about 2.2% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 14th biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Facebook, Inc. Common Stock were worth $14,420,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Country Trust Bank increased its stake in Facebook, Inc. Common Stock by 550.6% in the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after purchasing an additional 479 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in Facebook, Inc. Common Stock by 358.4% in the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after purchasing an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management purchased a new position in Facebook, Inc. Common Stock in the fourth quarter valued at approximately $103,000. Price Wealth Management Inc. purchased a new position in Facebook, Inc. Common Stock in the fourth quarter valued at approximately $105,000. Finally, Goodman Financial Corp purchased a new position in Facebook, Inc. Common Stock in the fourth quarter valued at approximately $115,000. 59.12% of the stock is currently owned by hedge funds and other institutional investors.

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In other Facebook, Inc. Common Stock news, CEO Mark Zuckerberg sold 240,000 shares of the firm’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $201.74, for a total value of $48,417,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $199.00, for a total value of $149,250.00. Following the completion of the sale, the vice president now directly owns 91,615 shares of the company’s stock, valued at approximately $18,231,385. The disclosure for this sale can be found here. In the last three months, insiders sold 13,940,259 shares of company stock valued at $2,525,428,934. 17.23% of the stock is owned by corporate insiders.

Facebook, Inc. Common Stock opened at $201.74 on Friday, Marketbeat Ratings reports. Facebook, Inc. Common Stock has a 1-year low of $147.80 and a 1-year high of $203.55. The firm has a market capitalization of $585.36 billion, a P/E ratio of 32.75, a PEG ratio of 1.08 and a beta of 0.84.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.44. Facebook, Inc. Common Stock had a return on equity of 27.74% and a net margin of 40.03%. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter last year, the company earned $1.04 earnings per share. Facebook, Inc. Common Stock’s quarterly revenue was up 49.0% compared to the same quarter last year. equities analysts anticipate that Facebook, Inc. Common Stock will post 7.66 earnings per share for the current year.

Several brokerages have commented on FB. DZ Bank reiterated a “buy” rating on shares of Facebook, Inc. Common Stock in a research note on Thursday. BidaskClub upgraded shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday. OTR Global upgraded shares of Facebook, Inc. Common Stock to a “positive” rating in a research report on Tuesday, June 5th. MKM Partners raised their target price on shares of Facebook, Inc. Common Stock from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Finally, Argus raised their target price on shares of Facebook, Inc. Common Stock from $214.00 to $237.00 and gave the stock a “buy” rating in a research report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $217.74.

About Facebook, Inc. Common Stock

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)