Texas Yale Capital Corp. Has $267,000 Holdings in Facebook, Inc. (NASDAQ:FB)

Texas Yale Capital Corp. cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 46.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,383 shares of the social networking company’s stock after selling 1,183 shares during the quarter. Texas Yale Capital Corp.’s holdings in Facebook were worth $267,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FB. Whitnell & Co. bought a new position in shares of Facebook during the 4th quarter worth about $26,000. Jackson Grant Investment Advisers Inc. bought a new position in shares of Facebook during the 4th quarter worth about $31,000. Cordasco Financial Network boosted its position in shares of Facebook by 70.0% during the 2nd quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock worth $33,000 after purchasing an additional 70 shares in the last quarter. Signet Investment Advisory Group Inc. bought a new position in shares of Facebook during the 4th quarter worth about $39,000. Finally, Clean Yield Group bought a new position in shares of Facebook during the 2nd quarter worth about $39,000. Institutional investors own 61.88% of the company’s stock.

Shares of Facebook stock traded down $1.73 on Friday, reaching $188.43. 3,535,877 shares of the company traded hands, compared to its average volume of 17,808,164. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The business has a 50 day moving average of $195.63. The stock has a market cap of $526.40 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 1.08 and a beta of 0.99. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the prior year, the firm earned $1.74 EPS. The company’s revenue was up 27.6% compared to the same quarter last year. Equities research analysts predict that Facebook, Inc. will post 7.96 EPS for the current year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $175.82, for a total value of $9,670,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $180.08, for a total transaction of $135,060.00. Following the completion of the transaction, the vice president now directly owns 97,872 shares of the company’s stock, valued at $17,624,789.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 597,833 shares of company stock valued at $111,076,865. 14.53% of the stock is owned by insiders.

FB has been the topic of a number of research analyst reports. DZ Bank raised shares of Facebook from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Bank of America set a $224.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, July 19th. Credit Suisse Group increased their price objective on shares of Facebook from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Susquehanna Bancshares upped their target price on shares of Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Finally, Wedbush restated an “outperform” rating and issued a $220.00 target price on shares of Facebook in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have given a buy rating to the stock. Facebook has an average rating of “Buy” and an average target price of $220.92.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

See Also: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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