LS Investment Advisors LLC Sells 4,856 Shares of Facebook, Inc. (FB)

LS Investment Advisors LLC trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 75,909 shares of the social networking company’s stock after selling 4,856 shares during the period. LS Investment Advisors LLC’s holdings in Facebook were worth $9,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Grimes & Company Inc. increased its holdings in shares of Facebook by 5.9% in the 4th quarter. Grimes & Company Inc. now owns 2,963 shares of the social networking company’s stock valued at $388,000 after acquiring an additional 165 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in shares of Facebook by 19.1% in the 4th quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 6,224 shares of the social networking company’s stock valued at $816,000 after acquiring an additional 1,000 shares during the period. Taylor Hoffman Wealth Management increased its holdings in shares of Facebook by 196.2% in the 4th quarter. Taylor Hoffman Wealth Management now owns 2,038 shares of the social networking company’s stock valued at $277,000 after acquiring an additional 1,350 shares during the period. DPM Capital LLC acquired a new position in shares of Facebook in the 4th quarter valued at $13,764,000. Finally, Reliance Trust Co. of Delaware increased its holdings in shares of Facebook by 3.1% in the 4th quarter. Reliance Trust Co. of Delaware now owns 9,771 shares of the social networking company’s stock valued at $1,281,000 after acquiring an additional 290 shares during the period. 60.22% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $162.02, for a total value of $121,515.00. Following the sale, the vice president now directly owns 101,198 shares in the company, valued at approximately $16,396,099.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 294,100 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $178.29, for a total transaction of $52,435,089.00. The disclosure for this sale can be found here. Insiders sold a total of 1,552,312 shares of company stock worth $274,127,301 over the last quarter. Insiders own 14.53% of the company’s stock.

Shares of NASDAQ FB opened at $185.30 on Friday. The firm has a market cap of $538.30 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.14 and a beta of 0.93. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62. 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 (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $0.85 EPS for the quarter, missing the 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 business had revenue of $15.08 billion during the quarter, compared to analysts’ expectations of $14.97 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Facebook’s quarterly revenue was up 26.0% on a year-over-year basis. Analysts forecast that Facebook, Inc. will post 8.05 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Facebook from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Nomura lifted their price objective on shares of Facebook from $215.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. DZ Bank upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, Bank of America reiterated a “buy” rating and issued a $187.00 price objective (down from $205.00) on shares of Facebook in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $206.58.

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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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