Wade G W & Inc. lowered its stake in shares of Facebook, Inc. (NASDAQ:FB) by 4.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 19,055 shares of the social networking company’s stock after selling 903 shares during the period. Wade G W & Inc.’s holdings in Facebook were worth $4,991,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in FB. AE Wealth Management LLC grew its stake in shares of Facebook by 42.6% during the second quarter. AE Wealth Management LLC now owns 82,420 shares of the social networking company’s stock valued at $18,715,000 after purchasing an additional 24,635 shares during the last quarter. UBP Investment Advisors SA acquired a new stake in Facebook in the third quarter worth $210,000. Foundations Investment Advisors LLC raised its holdings in Facebook by 7.8% in the third quarter. Foundations Investment Advisors LLC now owns 7,764 shares of the social networking company’s stock worth $2,018,000 after purchasing an additional 563 shares during the period. Clarius Group LLC raised its holdings in Facebook by 3.8% in the third quarter. Clarius Group LLC now owns 41,396 shares of the social networking company’s stock worth $10,842,000 after purchasing an additional 1,521 shares during the period. Finally, Donaldson Capital Management LLC raised its holdings in Facebook by 23.3% in the second quarter. Donaldson Capital Management LLC now owns 1,596 shares of the social networking company’s stock worth $362,000 after purchasing an additional 302 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.
In related news, CFO David M. Wehner sold 1,832 shares of Facebook stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $261.39, for a total transaction of $478,866.48. Following the completion of the sale, the chief financial officer now owns 22,372 shares of the company’s stock, valued at approximately $5,847,817.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David M. Wehner sold 11,828 shares of Facebook stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $268.65, for a total transaction of $3,177,592.20. Following the sale, the chief financial officer now directly owns 22,372 shares of the company’s stock, valued at approximately $6,010,237.80. The disclosure for this sale can be found here. Insiders have sold a total of 171,115 shares of company stock valued at $47,419,396 in the last ninety days. 14.14% of the stock is currently owned by insiders.
Shares of FB opened at $278.96 on Tuesday. The firm has a 50-day moving average of $271.39 and a 200-day moving average of $250.20. Facebook, Inc. has a one year low of $137.10 and a one year high of $304.67. The company has a market cap of $794.56 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Thursday, October 29th. The social networking company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.77. The company had revenue of $21.47 billion during the quarter, compared to the consensus estimate of $19.78 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 EPS. As a group, analysts expect that Facebook, Inc. will post 9.18 earnings per share for the current year.
Several equities research analysts have weighed in on FB shares. Barclays increased their target price on shares of Facebook from $285.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Argus raised their price objective on shares of Facebook from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of Facebook from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Wedbush raised their price objective on shares of Facebook from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Finally, UBS Group set a $330.00 price objective on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $293.84.
Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.
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