Eads & Heald Wealth Management cut its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,917 shares of the social networking company’s stock after selling 210 shares during the quarter. Eads & Heald Wealth Management’s holdings in Facebook were worth $1,571,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Watson Rebecca acquired a new stake in Facebook in the second quarter worth $25,000. JJJ Advisors Inc. grew its holdings in Facebook by 262.5% in the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock worth $33,000 after purchasing an additional 105 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Facebook in the first quarter worth $41,000. Elmwood Wealth Management Inc. acquired a new stake in Facebook in the first quarter worth $46,000. Finally, NuWave Investment Management LLC grew its holdings in Facebook by 1,019.2% in the first quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock worth $49,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 65.12% of the company’s stock.
A number of research analysts have weighed in on FB shares. Morgan Stanley raised their price objective on shares of Facebook from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised their price objective on shares of Facebook from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised their price objective on shares of Facebook from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. Nomura Instinet raised their price objective on shares of Facebook from $253.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, MKM Partners raised their price objective on shares of Facebook from $240.00 to $290.00 in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average price target of $273.37.
In other news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $246.22, for a total value of $47,766.68. Following the completion of the transaction, the vice president now owns 2,112 shares in the company, valued at $520,016.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares of the company’s stock, valued at approximately $703,008.33. The disclosure for this sale can be found here. Insiders sold 68,591 shares of company stock valued at $14,894,825 in the last quarter. Corporate insiders own 14.14% of the company’s stock.
FB opened at $253.67 on Friday. The company has a market capitalization of $668.11 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.68 and a beta of 1.19. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $235.27 and a 200-day moving average price of $207.59. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $255.85.
Facebook (NASDAQ:FB) last posted its earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.36. The firm had revenue of $18.69 billion during the quarter, compared to the consensus estimate of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. On average, sell-side analysts expect that Facebook, Inc. will post 7.36 earnings per share for the current fiscal year.
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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