Facebook, Inc. (NASDAQ:FB) Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC trimmed its position in Facebook, Inc. (NASDAQ:FB) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,317 shares of the social networking company’s stock after selling 310 shares during the quarter. Facebook comprises approximately 3.5% of Private Advisory Group LLC’s holdings, making the stock its 5th largest position. Private Advisory Group LLC’s holdings in Facebook were worth $7,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Professional Advisory Services Inc. raised its stake in Facebook by 11.3% in the 4th quarter. Professional Advisory Services Inc. now owns 124,949 shares of the social networking company’s stock worth $16,380,000 after acquiring an additional 12,731 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Facebook by 35.2% in the 4th quarter. Capital Investment Advisors LLC now owns 11,372 shares of the social networking company’s stock worth $1,491,000 after acquiring an additional 2,959 shares during the last quarter. WP Advisors LLC raised its stake in Facebook by 2.8% in the 4th quarter. WP Advisors LLC now owns 42,557 shares of the social networking company’s stock worth $5,579,000 after acquiring an additional 1,146 shares during the last quarter. PFG Advisors purchased a new position in Facebook in the 4th quarter worth $673,000. Finally, Gemmer Asset Management LLC raised its stake in Facebook by 8.4% in the 4th quarter. Gemmer Asset Management LLC now owns 3,973 shares of the social networking company’s stock worth $521,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 61.88% of the company’s stock.

Shares of NASDAQ:FB traded up $0.90 during trading on Wednesday, reaching $185.41. 399,675 shares of the company’s stock traded hands, compared to its average volume of 16,973,172. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08. The stock has a market cap of $539.26 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.11 and a beta of 0.99. The stock has a 50-day simple moving average of $195.64.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same period last year, the firm earned $1.74 EPS. The company’s quarterly revenue was up 27.6% on a year-over-year basis. As a group, research analysts predict that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

In related news, CRO David B. Fischer sold 5,501 shares of Facebook stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total value of $1,082,816.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $200.81, for a total value of $11,044,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 360,043 shares of company stock worth $67,443,575 over the last 90 days. Insiders own 14.53% of the company’s stock.

FB has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Facebook from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. JMP Securities raised their target price on Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Cowen restated an “outperform” rating and issued a $225.00 target price (up previously from $195.00) on shares of Facebook in a research note on Thursday, April 25th. Monness Crespi & Hardt lifted their price objective on Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, MKM Partners reiterated a “buy” rating and set a $245.00 price objective (up previously from $190.00) on shares of Facebook in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $220.92.

Facebook 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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