Syquant Capital Sas Decreases Stake in Facebook, Inc. (NASDAQ:FB)

Syquant Capital Sas reduced its stake in Facebook, Inc. (NASDAQ:FB) by 9.1% during the third quarter, Holdings Channel.com reports. The firm owned 1,500 shares of the social networking company’s stock after selling 150 shares during the period. Syquant Capital Sas’ holdings in Facebook were worth $509,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FB. Genesee Capital Advisors LLC bought a new stake in shares of Facebook in the 3rd quarter worth approximately $1,166,000. Norway Savings Bank grew its position in shares of Facebook by 2.2% in the 3rd quarter. Norway Savings Bank now owns 1,744 shares of the social networking company’s stock worth $592,000 after buying an additional 38 shares during the last quarter. First United Bank & Trust grew its position in shares of Facebook by 2.9% in the 3rd quarter. First United Bank & Trust now owns 1,468 shares of the social networking company’s stock worth $498,000 after buying an additional 41 shares during the last quarter. Schneider Downs Wealth Management Advisors LP grew its position in shares of Facebook by 4.5% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,307 shares of the social networking company’s stock worth $783,000 after buying an additional 99 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of Facebook by 5.8% in the 3rd quarter. Aprio Wealth Management LLC now owns 640 shares of the social networking company’s stock worth $217,000 after buying an additional 35 shares during the last quarter. 65.74% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on FB. The Goldman Sachs Group set a $445.00 price objective on Facebook in a research report on Tuesday, October 26th. Rosenblatt Securities upgraded Facebook from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Tuesday, October 26th. Canaccord Genuity lifted their price target on Facebook from $380.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. JPMorgan Chase & Co. set a $390.00 price target on Facebook in a research report on Monday, November 1st. Finally, Evercore ISI restated a “buy” rating and set a $430.00 price target on shares of Facebook in a research report on Sunday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $398.00.

Facebook stock opened at $341.06 on Thursday. The stock has a market cap of $948.75 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27. Facebook, Inc. has a one year low of $244.61 and a one year high of $384.33. The stock has a fifty day moving average of $336.80 and a 200 day moving average of $344.31.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Sunday, October 24th. The social networking company reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.03. The company had revenue of $29.01 billion during the quarter, compared to analysts’ expectations of $29.52 billion. Facebook had a return on equity of 30.22% and a net margin of 35.88%. Facebook’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.71 earnings per share. Equities research analysts anticipate that Facebook, Inc. will post 13.96 EPS for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 77,300 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $382.34, for a total transaction of $29,554,882.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 250 shares of the business’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $380.04, for a total value of $95,010.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,893,113 shares of company stock valued at $660,001,361. 14.01% of the stock is owned by company insiders.

Facebook Company Profile

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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