M Holdings Securities Inc. Sells 1,153 Shares of Facebook, Inc. (NASDAQ:FB)

M Holdings Securities Inc. decreased its position in Facebook, Inc. (NASDAQ:FB) by 6.1% during the 1st quarter, Holdings Channel reports. The fund owned 17,677 shares of the social networking company’s stock after selling 1,153 shares during the quarter. M Holdings Securities Inc.’s holdings in Facebook were worth $2,947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Whitnell & Co. purchased a new position in shares of Facebook in the 4th quarter valued at $26,000. Contravisory Investment Management Inc. lifted its position in shares of Facebook by 153.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after purchasing an additional 121 shares in the last quarter. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Facebook in the fourth quarter worth $31,000. Signet Investment Advisory Group Inc. bought a new stake in Facebook during the fourth quarter valued at $39,000. Finally, Thor Advisors LLC bought a new position in shares of Facebook during the first quarter worth about $70,000. Institutional investors and hedge funds own 61.73% of the company’s stock.

FB stock opened at $181.33 on Monday. The company has a market capitalization of $517.60 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $218.62. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.80). The business had revenue of $15.08 billion during the quarter, compared to the consensus estimate of $14.97 billion. Facebook had a net margin of 33.17% and a return on equity of 23.67%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company posted $1.69 earnings per share. As a group, analysts forecast that Facebook, Inc. will post 8 EPS for the current year.

In related news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $161.50, for a total value of $121,125.00. Following the completion of the transaction, the vice president now owns 103,872 shares of the company’s stock, valued at approximately $16,775,328. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $164.34, for a total transaction of $9,038,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,551,104 shares of company stock valued at $275,456,299 in the last three months. Insiders own 14.53% of the company’s stock.

A number of research analysts recently weighed in on FB shares. Cleveland Research reissued a “buy” rating on shares of Facebook in a report on Monday, April 22nd. Oppenheimer increased their price target on Facebook from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Wedbush reissued an “outperform” rating and issued a $220.00 target price (up from $200.00) on shares of Facebook in a research report on Monday, April 22nd. Guggenheim raised Facebook from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $175.00 to $200.00 in a research note on Thursday, April 4th. Finally, Raymond James lifted their price target on Facebook from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-two have assigned a buy rating to the company. The company 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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