Facebook, Inc. Common Stock (FB) Shares Sold by Private Wealth Advisors Inc.

Private Wealth Advisors Inc. reduced its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 2.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,754 shares of the social networking company’s stock after selling 400 shares during the quarter. Facebook, Inc. Common Stock accounts for about 1.3% of Private Wealth Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding. Private Wealth Advisors Inc.’s holdings in Facebook, Inc. Common Stock were worth $3,156,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Armbruster Capital Management Inc. increased its position in Facebook, Inc. Common Stock by 358.4% during the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock worth $101,000 after buying an additional 448 shares during the period. Taylor Hoffman Wealth Management acquired a new position in Facebook, Inc. Common Stock during the fourth quarter worth $103,000. Price Wealth Management Inc. acquired a new position in Facebook, Inc. Common Stock during the fourth quarter worth $105,000. Goodman Financial Corp acquired a new position in Facebook, Inc. Common Stock during the fourth quarter worth $115,000. Finally, Santori & Peters Inc. acquired a new position in Facebook, Inc. Common Stock during the fourth quarter worth $116,000. Institutional investors and hedge funds own 59.46% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of Facebook, Inc. Common Stock stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $174.00, for a total transaction of $130,500.00. Following the completion of the transaction, the vice president now owns 87,115 shares of the company’s stock, valued at $15,158,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 220,000 shares of Facebook, Inc. Common Stock stock in a transaction on Monday, May 14th. The stock was sold at an average price of $186.99, for a total transaction of $41,137,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,992,698 shares of company stock worth $2,896,878,329. 17.23% of the stock is owned by company insiders.

Facebook, Inc. Common Stock traded down $2.83, reaching $180.26, during trading hours on Friday, MarketBeat Ratings reports. 21,443,792 shares of the stock were exchanged, compared to its average volume of 37,121,140. Facebook, Inc. Common Stock has a 52 week low of $149.02 and a 52 week high of $218.62. The company has a market cap of $531.88 billion, a PE ratio of 25.36, a P/E/G ratio of 1.17 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.01). The company had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.35 billion. Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. analysts anticipate that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on FB. Bank of America reaffirmed a “buy” rating and set a $205.00 price objective on shares of Facebook, Inc. Common Stock in a report on Tuesday, August 7th. MKM Partners decreased their target price on Facebook, Inc. Common Stock to $230.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research downgraded Facebook, Inc. Common Stock from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 31st. JMP Securities reduced their price objective on Facebook, Inc. Common Stock from $235.00 to $206.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Finally, ValuEngine downgraded Facebook, Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Facebook, Inc. Common Stock presently has a consensus rating of “Buy” and a consensus price target of $209.46.

About Facebook, Inc. Common Stock

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Recommended Story: Growth Stocks

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

Receive News & Ratings for Facebook Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply