Murphy Capital Management Inc. Sells 423 Shares of Facebook, Inc. (FB)

Murphy Capital Management Inc. lowered its position in Facebook, Inc. (NASDAQ:FB) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,412 shares of the social networking company’s stock after selling 423 shares during the quarter. Facebook makes up about 1.7% of Murphy Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Murphy Capital Management Inc.’s holdings in Facebook were worth $12,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FB. Regal Investment Advisors LLC lifted its position in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares during the last quarter. Aspen Investment Management Inc lifted its position in shares of Facebook by 0.4% during the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after buying an additional 30 shares during the last quarter. Fort Pitt Capital Group LLC lifted its position in shares of Facebook by 2.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 1,609 shares of the social networking company’s stock worth $243,000 after buying an additional 38 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in shares of Facebook by 1.9% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 2,346 shares of the social networking company’s stock worth $354,000 after buying an additional 43 shares during the last quarter. Finally, First Commonwealth Financial Corp PA lifted its position in shares of Facebook by 0.5% during the 2nd quarter. First Commonwealth Financial Corp PA now owns 8,630 shares of the social networking company’s stock worth $1,303,000 after buying an additional 46 shares during the last quarter. Institutional investors own 58.46% of the company’s stock.

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Several research firms recently commented on FB. Morgan Stanley set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, January 12th. Wedbush set a $260.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Friday, March 23rd. Wells Fargo reiterated an “outperform” rating and issued a $230.00 price target (up previously from $215.00) on shares of Facebook in a research report on Monday, January 8th. Pivotal Research reiterated a “sell” rating and issued a $147.00 price target on shares of Facebook in a research report on Monday, January 8th. Finally, SunTrust Banks upped their price target on shares of Facebook to $240.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus price target of $212.78.

In other news, Director Jan Koum sold 1,253,906 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 290,000 shares of the company’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $154.14, for a total transaction of $44,700,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,520,955 shares of company stock worth $1,148,179,674. Corporate insiders own 17.23% of the company’s stock.

NASDAQ:FB opened at $157.20 on Friday. Facebook, Inc. has a fifty-two week low of $138.81 and a fifty-two week high of $195.32. The firm has a market cap of $462,882.69, a PE ratio of 25.52, a P/E/G ratio of 0.86 and a beta of 0.79.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. research analysts predict that Facebook, Inc. will post 7.18 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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