Facebook, Inc. (NASDAQ:FB) Shares Sold by Intelligence Driven Advisers LLC


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Intelligence Driven Advisers LLC lowered its position in Facebook, Inc. (NASDAQ:FB) by 86.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 632 shares of the social networking company’s stock after selling 3,970 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Facebook were worth $1,208,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FB. Eastern Bank raised its stake in Facebook by 8.6% in the 2nd quarter. Eastern Bank now owns 121,835 shares of the social networking company’s stock valued at $27,665,000 after purchasing an additional 9,649 shares during the last quarter. United Bank lifted its stake in shares of Facebook by 37.0% during the second quarter. United Bank now owns 3,222 shares of the social networking company’s stock valued at $732,000 after buying an additional 870 shares during the period. Principal Financial Group Inc. grew its stake in Facebook by 4.8% in the 2nd quarter. Principal Financial Group Inc. now owns 5,185,553 shares of the social networking company’s stock worth $1,177,484,000 after acquiring an additional 235,826 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Facebook by 22.6% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 10,807 shares of the social networking company’s stock valued at $2,454,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Facebook by 15.0% in the second quarter. Sequoia Financial Advisors LLC now owns 12,361 shares of the social networking company’s stock valued at $2,807,000 after purchasing an additional 1,616 shares during the period. 59.62% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Mark Zuckerberg sold 44,750 shares of the stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $265.41, for a total value of $11,877,097.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $273.90, for a total transaction of $310,602.60. Following the transaction, the chief accounting officer now directly owns 5,217 shares in the company, valued at approximately $1,428,936.30. The disclosure for this sale can be found here. Insiders sold a total of 1,107,694 shares of company stock valued at $304,256,943 over the last three months. Corporate insiders own 14.14% of the company’s stock.

Several brokerages recently weighed in on FB. The Goldman Sachs Group set a $330.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, January 4th. Royal Bank of Canada increased their price objective on shares of Facebook from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Facebook from $300.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Credit Suisse Group raised their price objective on Facebook from $322.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Finally, Morgan Stanley increased their target price on Facebook from $315.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, January 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $299.24.

Shares of FB stock traded up $0.55 during trading hours on Wednesday, reaching $251.64. The stock had a trading volume of 19,257,484 shares, compared to its average volume of 19,971,148. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $304.67. The firm has a 50-day simple moving average of $273.83 and a 200-day simple moving average of $264.79. The firm has a market capitalization of $716.74 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19.

Facebook (NASDAQ:FB) last posted its earnings results on Thursday, October 29th. The social networking company reported $2.71 EPS for the quarter, topping the consensus estimate of $1.94 by $0.77. The firm had revenue of $21.47 billion during the quarter, compared to analysts’ expectations of $19.78 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. Facebook’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 EPS. Analysts predict that Facebook, Inc. will post 9.39 EPS for the current year.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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