Facebook, Inc. (FB) Shares Sold by Broadleaf Partners LLC

Broadleaf Partners LLC cut its stake in Facebook, Inc. (NASDAQ:FB) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,391 shares of the social networking company’s stock after selling 6,208 shares during the quarter. Facebook comprises about 3.0% of Broadleaf Partners LLC’s holdings, making the stock its 10th largest position. Broadleaf Partners LLC’s holdings in Facebook were worth $3,722,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mission Wealth Management LP boosted its position in shares of Facebook by 3.8% in the 3rd quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock worth $1,715,000 after purchasing an additional 386 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its position in shares of Facebook by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock worth $17,525,000 after purchasing an additional 13,124 shares in the last quarter. Rovida Advisors Inc. bought a new position in Facebook in the 3rd quarter valued at approximately $18,714,000. First American Bank bought a new position in Facebook in the 3rd quarter valued at approximately $6,317,000. Finally, CENTRAL TRUST Co lifted its position in Facebook by 7.1% in the 3rd quarter. CENTRAL TRUST Co now owns 39,175 shares of the social networking company’s stock valued at $6,443,000 after acquiring an additional 2,581 shares in the last quarter. Institutional investors own 60.22% of the company’s stock.

FB has been the topic of several analyst reports. Wedbush set a $220.00 price objective on Facebook and gave the company a “buy” rating in a research report on Wednesday, January 2nd. BMO Capital Markets lowered their price objective on Facebook to $163.00 and set a “market perform” rating on the stock in a research report on Monday, January 28th. Goldman Sachs Group cut Facebook to a “neutral” rating in a research report on Friday, January 4th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Wednesday, January 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $212.00 price target (up from $206.00) on shares of Facebook in a report on Thursday, January 31st. Five analysts have rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $192.11.

In other news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $144.93, for a total transaction of $7,971,150.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $171.21, for a total transaction of $128,407.50. Following the transaction, the vice president now directly owns 93,930 shares in the company, valued at $16,081,755.30. The disclosure for this sale can be found here. In the last three months, insiders sold 1,594,435 shares of company stock valued at $277,936,313. 14.53% of the stock is owned by insiders.

Shares of NASDAQ:FB traded down $0.50 during trading on Friday, reaching $178.28. The company’s stock had a trading volume of 11,655,608 shares, compared to its average volume of 13,570,485. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62. The company has a market cap of $517.90 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.30 and a beta of 0.88.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.20. The firm had revenue of $16.91 billion during the quarter, compared to the consensus estimate of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 EPS. As a group, equities research analysts predict that Facebook, Inc. will post 7.54 earnings per share for the current fiscal year.

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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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