Financial Advisory Service Inc. Lowers Position in Facebook, Inc. Common Stock (FB)


Financial Advisory Service Inc. trimmed its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 16.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,563 shares of the social networking company’s stock after selling 506 shares during the period. Financial Advisory Service Inc.’s holdings in Facebook, Inc. Common Stock were worth $410,000 at the end of the most recent quarter.


A number of other institutional investors and hedge funds have also recently modified their holdings of FB. Dowling & Yahnke LLC grew its stake in shares of Facebook, Inc. Common Stock by 0.6% in the 4th quarter. Dowling & Yahnke LLC now owns 43,370 shares of the social networking company’s stock valued at $7,653,000 after purchasing an additional 270 shares during the period. Winslow Evans & Crocker Inc. grew its stake in shares of Facebook, Inc. Common Stock by 2.2% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 13,094 shares of the social networking company’s stock valued at $2,310,000 after purchasing an additional 276 shares during the period. First Hawaiian Bank grew its stake in shares of Facebook, Inc. Common Stock by 11.6% in the 4th quarter. First Hawaiian Bank now owns 2,698 shares of the social networking company’s stock valued at $476,000 after purchasing an additional 281 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Facebook, Inc. Common Stock by 8.5% in the 4th quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after purchasing an additional 284 shares during the period. Finally, Parsec Financial Management Inc. grew its stake in shares of Facebook, Inc. Common Stock by 0.9% in the 4th quarter. Parsec Financial Management Inc. now owns 31,597 shares of the social networking company’s stock valued at $5,576,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 59.12% of the company’s stock.


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Facebook, Inc. Common Stock opened at $201.50 on Friday, Marketbeat.com reports. The firm has a market capitalization of $586.81 billion, a PE ratio of 32.71, a P/E/G ratio of 1.08 and a beta of 0.84. Facebook, Inc. Common Stock has a twelve month low of $147.80 and a twelve month high of $203.55.

Facebook, Inc. Common Stock (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 25th. The social networking company reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.44. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $11.41 billion. Facebook, Inc. Common Stock had a return on equity of 27.74% and a net margin of 40.03%. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. sell-side analysts forecast that Facebook, Inc. Common Stock will post 7.66 earnings per share for the current year.


In related news, CEO Mark Zuckerberg sold 240,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $201.74, for a total value of $48,417,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Koum sold 1,263,806 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $183.45, for a total transaction of $231,845,210.70. The disclosure for this sale can be found here. In the last three months, insiders sold 13,929,509 shares of company stock worth $2,523,280,684. 17.23% of the stock is currently owned by company insiders.


A number of research firms recently commented on FB. Evercore ISI decreased their price target on Facebook, Inc. Common Stock from $205.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 10th. Macquarie restated a “buy” rating and set a $200.00 price target on shares of Facebook, Inc. Common Stock in a research report on Tuesday, March 20th. Wedbush set a $260.00 price target on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a research report on Thursday, March 29th. ValuEngine lowered Facebook, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, OTR Global lowered Facebook, Inc. Common Stock to a “positive” rating in a research report on Wednesday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $217.74.


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.

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

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