Facebook, Inc. (NASDAQ:FB) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 26.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,725 shares of the social networking company’s stock after acquiring an additional 359 shares during the period. Sound Income Strategies LLC’s holdings in Facebook were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Diligent Investors LLC lifted its stake in Facebook by 20.8% during the fourth quarter. Diligent Investors LLC now owns 5,414 shares of the social networking company’s stock worth $710,000 after purchasing an additional 932 shares during the last quarter. KCS Wealth Advisory lifted its stake in Facebook by 55.8% during the fourth quarter. KCS Wealth Advisory now owns 5,111 shares of the social networking company’s stock worth $670,000 after purchasing an additional 1,830 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Facebook by 13.4% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 8,840 shares of the social networking company’s stock worth $1,159,000 after purchasing an additional 1,045 shares during the last quarter. BLB&B Advisors LLC lifted its stake in Facebook by 84.0% during the fourth quarter. BLB&B Advisors LLC now owns 23,816 shares of the social networking company’s stock worth $3,122,000 after purchasing an additional 10,873 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its stake in Facebook by 29.3% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 44,774 shares of the social networking company’s stock worth $5,869,000 after purchasing an additional 10,141 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.

FB has been the subject of several recent analyst reports. Zacks Investment Research cut Facebook from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Susquehanna Bancshares upped their target price on Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Oppenheimer increased their price target on Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird increased their price target on Facebook from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $220.92.

NASDAQ FB traded down $3.71 on Friday, reaching $189.02. The company had a trading volume of 15,284,654 shares, compared to its average volume of 15,877,616. The firm has a market cap of $554.43 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $208.66. The business has a 50 day moving average price of $195.36. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the business posted $1.74 EPS. The business’s revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts forecast that Facebook, Inc. will post 7.96 EPS for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total transaction of $142,042.50. Following the completion of the sale, the vice president now directly owns 98,622 shares in the company, valued at approximately $18,678,020.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan J.S. Taylor sold 1,472 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $181.89, for a total value of $267,742.08. Following the sale, the insider now owns 569 shares of the company’s stock, valued at $103,495.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 360,793 shares of company stock valued at $67,585,618. Company insiders own 14.53% of the company’s stock.

Facebook Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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