EP Wealth Advisors LLC Grows Holdings in Facebook, Inc. (NASDAQ:FB)

EP Wealth Advisors LLC grew its position in shares of Facebook, Inc. (NASDAQ:FB) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 169,575 shares of the social networking company’s stock after acquiring an additional 6,190 shares during the quarter. Facebook makes up approximately 1.7% of EP Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. EP Wealth Advisors LLC’s holdings in Facebook were worth $22,230,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Sun Life Financial INC raised its stake in Facebook by 0.9% in the fourth quarter. Sun Life Financial INC now owns 6,684 shares of the social networking company’s stock valued at $876,000 after buying an additional 60 shares in the last quarter. Valmark Advisers Inc. raised its stake in Facebook by 3.5% in the fourth quarter. Valmark Advisers Inc. now owns 1,904 shares of the social networking company’s stock valued at $250,000 after buying an additional 65 shares in the last quarter. Gs Investments Inc. raised its stake in Facebook by 0.3% in the fourth quarter. Gs Investments Inc. now owns 19,942 shares of the social networking company’s stock valued at $2,614,000 after buying an additional 65 shares in the last quarter. Titus Wealth Management raised its stake in Facebook by 4.0% in the fourth quarter. Titus Wealth Management now owns 1,890 shares of the social networking company’s stock valued at $247,000 after buying an additional 73 shares in the last quarter. Finally, JOYN Advisors Inc. raised its stake in Facebook by 1.8% in the fourth quarter. JOYN Advisors Inc. now owns 4,137 shares of the social networking company’s stock valued at $542,000 after buying an additional 74 shares in the last quarter. Institutional investors own 61.76% of the company’s stock.

In other news, VP David B. Fischer sold 10,000 shares of Facebook stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the vice president now directly owns 48,970 shares in the company, valued at approximately $8,569,750. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $161.50, for a total transaction of $121,125.00. Following the sale, the vice president now owns 103,872 shares of the company’s stock, valued at $16,775,328. The disclosure for this sale can be found here. Insiders sold a total of 1,551,104 shares of company stock worth $275,456,299 in the last ninety days. 14.53% of the stock is owned by corporate insiders.

Shares of FB opened at $181.33 on Friday. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $218.62. The company has a market capitalization of $517.60 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.08 and a beta of 0.96. 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 announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.80). Facebook had a net margin of 33.17% and a return on equity of 23.67%. The business had revenue of $15.08 billion during the quarter, compared to analysts’ expectations of $14.97 billion. During the same period in the prior year, the firm posted $1.69 EPS. Facebook’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts expect that Facebook, Inc. will post 8 EPS for the current year.

Several equities analysts have issued reports on the company. Cleveland Research reaffirmed a “buy” rating on shares of Facebook in a report on Monday, April 22nd. Oppenheimer raised their price objective on Facebook from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective (up previously from $200.00) on shares of Facebook in a report on Monday, April 22nd. Guggenheim raised Facebook from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $175.00 to $200.00 in a report on Thursday, April 4th. Finally, Raymond James raised their price objective on Facebook from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $210.44.

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About Facebook

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.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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