Facebook, Inc. (FB) is WP Advisors LLC’s 7th Largest Position

WP Advisors LLC cut its position in Facebook, Inc. (NASDAQ:FB) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,761 shares of the social networking company’s stock after selling 1,191 shares during the period. Facebook accounts for 4.2% of WP Advisors LLC’s holdings, making the stock its 7th largest position. WP Advisors LLC’s holdings in Facebook were worth $5,852,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FB. Great West Life Assurance Co. Can boosted its stake in Facebook by 2.6% during the first quarter. Great West Life Assurance Co. Can now owns 1,946,919 shares of the social networking company’s stock worth $276,365,000 after buying an additional 49,295 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in Facebook by 24.4% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 14,620 shares of the social networking company’s stock worth $2,077,000 after buying an additional 2,870 shares during the last quarter. Seminole Management Co. Inc. boosted its stake in Facebook by 43.4% during the first quarter. Seminole Management Co. Inc. now owns 162,933 shares of the social networking company’s stock worth $23,145,000 after buying an additional 49,297 shares during the last quarter. Biondo Investment Advisors LLC boosted its stake in Facebook by 0.3% during the first quarter. Biondo Investment Advisors LLC now owns 110,175 shares of the social networking company’s stock worth $12,591,000 after buying an additional 340 shares during the last quarter. Finally, Willingdon Wealth Management boosted its stake in Facebook by 2.1% during the first quarter. Willingdon Wealth Management now owns 17,871 shares of the social networking company’s stock worth $2,539,000 after buying an additional 372 shares during the last quarter. 57.44% of the stock is currently owned by hedge funds and other institutional investors.

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FB has been the topic of a number of recent research reports. Cowen and Company reissued an “average” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Wedbush reissued a “buy” rating on shares of Facebook in a research note on Thursday, July 27th. Aegis reissued a “buy” rating and set a $200.00 price objective (up previously from $185.00) on shares of Facebook in a research note on Thursday, July 27th. Bank of America Corporation restated a “buy” rating and issued a $190.00 target price (up previously from $180.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, UBS AG restated a “buy” rating and issued a $190.00 target price (up previously from $168.00) on shares of Facebook in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $197.95.

Facebook, Inc. (FB) opened at $180.87 on Thursday. Facebook, Inc. has a 52 week low of $114.00 and a 52 week high of $182.90. The company has a market capitalization of $528,450.25, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. Facebook’s quarterly revenue was up 47.3% compared to the same quarter last year. research analysts forecast that Facebook, Inc. will post 5.86 EPS for the current fiscal year.

In other Facebook news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.27, for a total value of $2,884,320.00. Following the completion of the sale, the insider now directly owns 49,816 shares in the company, valued at $8,980,330.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total value of $123,157.50. Following the completion of the sale, the vice president now owns 92,591 shares of the company’s stock, valued at $15,204,368.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,906,671 shares of company stock valued at $1,042,295,487. 17.23% of the stock is currently owned by insiders.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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