Sterling Investment Advisors Ltd. Reduces Position in Facebook, Inc. (FB)

Sterling Investment Advisors Ltd. trimmed its stake in Facebook, Inc. (NASDAQ:FB) by 75.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,282 shares of the social networking company’s stock after selling 3,864 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Facebook were worth $168,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FB. Aries Wealth Management grew its position in shares of Facebook by 0.6% during the 4th quarter. Aries Wealth Management now owns 14,238 shares of the social networking company’s stock worth $1,866,000 after buying an additional 87 shares during the period. Claybrook Capital LLC grew its position in shares of Facebook by 20.0% during the 3rd quarter. Claybrook Capital LLC now owns 600 shares of the social networking company’s stock worth $99,000 after buying an additional 100 shares during the period. Norway Savings Bank grew its position in shares of Facebook by 28.5% during the 4th quarter. Norway Savings Bank now owns 451 shares of the social networking company’s stock worth $59,000 after buying an additional 100 shares during the period. Clarus Wealth Advisors grew its position in shares of Facebook by 7.3% during the 4th quarter. Clarus Wealth Advisors now owns 1,557 shares of the social networking company’s stock worth $204,000 after buying an additional 106 shares during the period. Finally, Accurate Investment Solutions Inc. grew its position in shares of Facebook by 35.6% during the 4th quarter. Accurate Investment Solutions Inc. now owns 453 shares of the social networking company’s stock worth $59,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 60.25% of the company’s stock.

A number of brokerages recently issued reports on FB. Royal Bank of Canada set a $200.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Tuesday, April 23rd. Canaccord Genuity boosted their price objective on shares of Facebook from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Barclays boosted their price objective on shares of Facebook from $210.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Monness Crespi & Hardt restated a “buy” rating and set a $250.00 price objective (up previously from $225.00) on shares of Facebook in a report on Thursday, April 25th. Finally, Robert W. Baird boosted their price objective on shares of Facebook from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $206.58.

In other news, CAO Susan J.S. Taylor sold 1,442 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $162.02, for a total value of $233,632.84. Following the transaction, the chief accounting officer now directly owns 1,569 shares of the company’s stock, valued at $254,209.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $171.21, for a total transaction of $128,407.50. Following the completion of 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. Insiders have sold 1,552,312 shares of company stock worth $273,144,541 over the last ninety days. Insiders own 14.53% of the company’s stock.

NASDAQ FB opened at $195.47 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.38 and a current ratio of 5.38. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $218.62. The firm has a market cap of $567.84 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.18 and a beta of 0.93.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). Facebook had a return on equity of 23.67% and a net margin of 33.17%. The firm had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. During the same period last year, the company posted $1.69 earnings per share. The business’s revenue was up 26.0% compared to the same quarter last year. Equities research analysts anticipate that Facebook, Inc. will post 8.14 EPS for the current 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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