Private Advisory Group LLC Sells 383 Shares of Facebook Inc (FB)

Private Advisory Group LLC lowered its holdings in Facebook Inc (NASDAQ:FB) by 2.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 14,019 shares of the social networking company’s stock after selling 383 shares during the quarter. Facebook comprises approximately 1.4% of Private Advisory Group LLC’s portfolio, making the stock its 23rd largest holding. Private Advisory Group LLC’s holdings in Facebook were worth $2,395,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FB. Vanguard Group Inc. boosted its stake in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. boosted its stake in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Capital World Investors boosted its stake in shares of Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the period. Northern Trust Corp boosted its stake in shares of Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after purchasing an additional 1,219,412 shares during the period. 57.80% of the stock is owned by institutional investors.

Facebook Inc (FB) opened at $180.18 on Thursday. Facebook Inc has a 52-week low of $132.44 and a 52-week high of $195.32. The stock has a market cap of $538,475.31, a PE ratio of 33.43, a PEG ratio of 0.97 and a beta of 0.59.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. sell-side analysts forecast that Facebook Inc will post 7.22 EPS for the current year.

In related news, VP David B. Fischer sold 5,587 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Thiel sold 160,805 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,548,013 shares of company stock worth $278,500,923. Insiders own 17.23% of the company’s stock.

Several brokerages have recently weighed in on FB. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 target price for the company in a research note on Monday. Argus upped their target price on shares of Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Mizuho upped their target price on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Goldman Sachs Group set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Atlantic Securities set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $214.59.

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Facebook Company Profile

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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