Howard Capital Management Inc. Sells 250 Shares of Facebook, Inc. (NASDAQ:FB)

Howard Capital Management Inc. lessened its stake in shares of Facebook, Inc. (NASDAQ:FB) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,471 shares of the social networking company’s stock after selling 250 shares during the quarter. Facebook accounts for about 0.2% of Howard Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Howard Capital Management Inc.’s holdings in Facebook were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its holdings in Facebook by 8.2% during the 2nd quarter. Janus Henderson Group PLC now owns 8,257,177 shares of the social networking company’s stock valued at $1,593,606,000 after purchasing an additional 628,233 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in Facebook during the 2nd quarter valued at $3,355,000. Canal Capital Management LLC increased its holdings in Facebook by 1.6% during the 2nd quarter. Canal Capital Management LLC now owns 5,961 shares of the social networking company’s stock valued at $1,150,000 after purchasing an additional 92 shares in the last quarter. Abbrea Capital LLC increased its holdings in Facebook by 2.7% during the 2nd quarter. Abbrea Capital LLC now owns 39,623 shares of the social networking company’s stock valued at $7,647,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Hendershot Investments Inc. increased its holdings in Facebook by 7.7% during the 2nd quarter. Hendershot Investments Inc. now owns 20,544 shares of the social networking company’s stock valued at $3,965,000 after purchasing an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 62.11% of the company’s stock.

Shares of Facebook stock traded down $4.32 during trading on Wednesday, reaching $184.13. 2,981,749 shares of the company were exchanged, compared to its average volume of 18,096,547. 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, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The business’s 50-day simple moving average is $195.35. The stock has a market cap of $535.93 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, analysts expect that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on FB shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $175.00 price target (up from $155.00) on shares of Facebook in a report on Thursday, April 25th. Nomura raised their price target on Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Moffett Nathanson raised Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a report on Tuesday, June 11th. Robert W. Baird raised their price target on Facebook from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Cowen reissued an “outperform” rating and issued a $225.00 target price (up from $195.00) on shares of Facebook in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $220.92.

In other Facebook news, insider Susan J.S. Taylor sold 1,472 shares of Facebook stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $181.89, for a total transaction of $267,742.08. Following the transaction, the insider now directly owns 569 shares in the company, valued at $103,495.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 133,100 shares of Facebook stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $188.66, for a total value of $25,110,646.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 675,183 shares of company stock valued at $126,091,951. 14.53% of the stock is owned by insiders.

Facebook Company 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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