Facebook, Inc. Common Stock (FB) Position Trimmed by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its stake in Facebook, Inc. Common Stock (NASDAQ:FB) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,979 shares of the social networking company’s stock after selling 688 shares during the quarter. Facebook, Inc. Common Stock comprises about 0.8% of 180 Wealth Advisors LLC’s portfolio, making the stock its 29th biggest holding. 180 Wealth Advisors LLC’s holdings in Facebook, Inc. Common Stock were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the company. Taylor Hoffman Wealth Management acquired a new position in shares of Facebook, Inc. Common Stock in the 4th quarter valued at approximately $103,000. Risk Paradigm Group LLC raised its position in shares of Facebook, Inc. Common Stock by 81.4% in the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock valued at $116,000 after purchasing an additional 294 shares in the last quarter. Santori & Peters Inc. acquired a new position in shares of Facebook, Inc. Common Stock in the 4th quarter valued at approximately $116,000. Wagner Wealth Management LLC acquired a new position in shares of Facebook, Inc. Common Stock in the 4th quarter valued at approximately $183,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Facebook, Inc. Common Stock in the 4th quarter valued at approximately $214,000. 60.42% of the stock is currently owned by institutional investors and hedge funds.

FB stock traded up $0.96 during mid-day trading on Friday, hitting $162.32. The stock had a trading volume of 21,670,978 shares, compared to its average volume of 21,664,868. Facebook, Inc. Common Stock has a 1-year low of $149.02 and a 1-year high of $218.62. The firm has a market cap of $470.61 billion, a P/E ratio of 26.35, a PEG ratio of 1.04 and a beta of 0.49.

Facebook, Inc. Common Stock (NASDAQ:FB) last issued its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. sell-side analysts forecast that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on FB. Citigroup downgraded Facebook, Inc. Common Stock to a “buy” rating and lowered their price target for the company from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Credit Suisse Group set a $265.00 price objective on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a research note on Monday, July 16th. Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price target on shares of Facebook, Inc. Common Stock in a research report on Monday, July 23rd. Pivotal Research reiterated a “sell” rating and set a $138.00 price target on shares of Facebook, Inc. Common Stock in a research report on Friday, June 29th. Finally, BidaskClub upgraded Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Tuesday, July 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Facebook, Inc. Common Stock has an average rating of “Buy” and a consensus target price of $206.89.

In other news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $166.07, for a total transaction of $9,133,850.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 247,500 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $198.09, for a total value of $49,027,275.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,876,913 shares of company stock worth $1,906,192,582. 17.23% of the stock is currently owned by insiders.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Featured Article: What is Compound Annual Growth Rate (CAGR)?

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

Receive News & Ratings for Facebook Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply