Private Advisors LLC Has $2.59 Million Position in Facebook, Inc. (NASDAQ:FB)

Private Advisors LLC increased its holdings in Facebook, Inc. (NASDAQ:FB) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,533 shares of the social networking company’s stock after buying an additional 1,456 shares during the period. Facebook accounts for 2.3% of Private Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Private Advisors LLC’s holdings in Facebook were worth $2,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Saban Capital Group LLC raised its holdings in shares of Facebook by 35.0% during the first quarter. Saban Capital Group LLC now owns 25,615 shares of the social networking company’s stock valued at $4,270,000 after purchasing an additional 6,640 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Facebook by 26.8% during the first quarter. Belpointe Asset Management LLC now owns 22,559 shares of the social networking company’s stock valued at $3,761,000 after purchasing an additional 4,772 shares during the last quarter. KCL Capital L.P. raised its holdings in shares of Facebook by 500.0% during the first quarter. KCL Capital L.P. now owns 150,000 shares of the social networking company’s stock valued at $25,003,000 after purchasing an additional 125,000 shares during the last quarter. Thor Advisors LLC purchased a new stake in Facebook during the first quarter valued at approximately $70,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Facebook by 18.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 422,319 shares of the social networking company’s stock valued at $70,396,000 after buying an additional 65,145 shares during the last quarter. 61.76% of the stock is owned by institutional investors.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now owns 103,872 shares in the company, valued at $16,775,328. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 294,100 shares of the company’s stock in a transaction on 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. In the last 90 days, insiders have sold 1,551,104 shares of company stock valued at $275,456,299. 14.53% of the stock is owned by company insiders.

Shares of NASDAQ:FB traded up $3.86 during midday trading on Friday, reaching $181.33. 16,706,472 shares of the company were exchanged, compared to its average volume of 16,089,314. 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 one year low of $123.02 and a one year high of $218.62. The firm has a market cap of $517.60 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 1.12 and a beta of 0.96.

Facebook (NASDAQ:FB) last issued its earnings results 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 return on equity of 23.67% and a net margin of 33.17%. The company had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. During the same quarter in the prior year, the company posted $1.69 EPS. Facebook’s revenue was up 26.0% compared to the same quarter last year. As a group, research analysts predict that Facebook, Inc. will post 8 earnings per share for the current year.

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $250.00 target price on shares of Facebook in a report on Friday. Moffett Nathanson raised shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 target price for the company in a report on Tuesday, June 11th. BidaskClub cut shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday, June 7th. China Renaissance Securities assumed coverage on shares of Facebook in a report on Wednesday, May 29th. They set a “buy” rating and a $245.00 target price for the company. Finally, Pivotal Research assumed coverage on shares of Facebook in a report on Wednesday, May 29th. They set a “buy” rating and a $220.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-two have issued a buy rating to the company’s stock. Facebook has an average 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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