Facebook Inc (FB) Stake Lessened by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC reduced its stake in shares of Facebook Inc (NASDAQ:FB) by 29.8% in the third quarter, HoldingsChannel.com reports. The firm owned 80,070 shares of the social networking company’s stock after selling 34,001 shares during the period. Facebook accounts for approximately 1.8% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 4th largest position. Sheaff Brock Investment Advisors LLC’s holdings in Facebook were worth $13,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Regal Investment Advisors LLC raised its holdings in shares of Facebook by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after acquiring an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC raised its holdings in shares of Facebook by 0.5% in the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after acquiring an additional 19 shares in the last quarter. Aspen Investment Management Inc raised its holdings in shares of Facebook by 0.4% in the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares in the last quarter. Fort Pitt Capital Group LLC raised its holdings in shares of Facebook by 2.4% in the second quarter. Fort Pitt Capital Group LLC now owns 1,609 shares of the social networking company’s stock valued at $243,000 after acquiring an additional 38 shares in the last quarter. Finally, New Amsterdam Partners LLC NY raised its holdings in shares of Facebook by 0.7% in the second quarter. New Amsterdam Partners LLC NY now owns 5,808 shares of the social networking company’s stock valued at $877,000 after acquiring an additional 39 shares in the last quarter. 57.32% of the stock is owned by hedge funds and other institutional investors.

In other Facebook news, Director Jan Koum sold 1,253,906 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total value of $221,326,948.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total value of $128,700.00. Following the completion of the sale, the vice president now owns 84,246 shares in the company, valued at approximately $14,456,613.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,762,530 shares of company stock worth $490,711,179. Insiders own 17.23% of the company’s stock.

FB has been the subject of several recent research reports. Morgan Stanley set a $200.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC boosted their target price on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wedbush set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 target price for the company in a report on Tuesday, December 19th. Finally, Canaccord Genuity boosted their target price on shares of Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and an average price target of $214.70.

Shares of Facebook Inc (NASDAQ FB) opened at $178.99 on Friday. Facebook Inc has a 52-week low of $134.16 and a 52-week high of $195.32. The company has a market capitalization of $516,828.56, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. analysts forecast that Facebook Inc will post 7.28 earnings per share for the current year.

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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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