Facebook, Inc. (FB) Shares Bought by Warren Averett Asset Management LLC

Warren Averett Asset Management LLC grew its holdings in Facebook, Inc. (NASDAQ:FB) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,334 shares of the social networking company’s stock after acquiring an additional 359 shares during the period. Warren Averett Asset Management LLC’s holdings in Facebook were worth $1,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Townsend & Associates Inc increased its stake in Facebook by 6.6% during the second quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock worth $792,000 after acquiring an additional 254 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in Facebook by 2.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock worth $2,462,000 after acquiring an additional 274 shares during the last quarter. Harvest Group Wealth Management LLC increased its stake in Facebook by 2.4% during the first quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock worth $1,986,000 after acquiring an additional 286 shares during the last quarter. Truewealth LLC increased its stake in Facebook by 7.1% during the second quarter. Truewealth LLC now owns 4,306 shares of the social networking company’s stock worth $837,000 after acquiring an additional 287 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Facebook by 0.5% during the second quarter. Sit Investment Associates Inc. now owns 56,660 shares of the social networking company’s stock worth $11,010,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 60.25% of the company’s stock.

Shares of NASDAQ FB opened at $150.35 on Monday. The company has a market capitalization of $436.77 billion, a P/E ratio of 24.41, a PEG ratio of 0.92 and a beta of 0.55. Facebook, Inc. has a 52-week low of $139.03 and a 52-week high of $218.62.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. Facebook’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. As a group, research analysts expect that Facebook, Inc. will post 7.3 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. Wells Fargo & Co reissued a “buy” rating and set a $220.00 price objective (down from $250.00) on shares of Facebook in a research note on Thursday, July 26th. Wedbush restated a “buy” rating and set a $250.00 target price on shares of Facebook in a research report on Thursday, July 26th. Monness Crespi & Hardt dropped their target price on Facebook from $225.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Citigroup lowered Facebook to a “buy” rating and dropped their target price for the company from $220.00 to $210.00 in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and set a $215.00 target price (down previously from $245.00) on shares of Facebook in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $194.54.

In other Facebook news, insider Christopher K. Cox sold 10,600 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $180.98, for a total transaction of $1,918,388.00. Following the completion of the sale, the insider now owns 99,573 shares in the company, valued at $18,020,721.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $180.72, for a total value of $9,939,600.00. The disclosure for this sale can be found here. Insiders sold 3,198,282 shares of company stock valued at $563,873,723 in the last quarter. 16.25% of the stock is owned by company insiders.

Facebook Company 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 (NASDAQ:FB)

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