Nelson Van Denburg & Campbell Wealth Management Group LLC Sells 46 Shares of Facebook, Inc. (NASDAQ:FB)

Nelson Van Denburg & Campbell Wealth Management Group LLC lowered its position in Facebook, Inc. (NASDAQ:FB) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,208 shares of the social networking company’s stock after selling 46 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Facebook were worth $5,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FB. State Street Corp raised its stake in shares of Facebook by 1.2% during the first quarter. State Street Corp now owns 95,449,004 shares of the social networking company’s stock valued at $15,920,894,000 after acquiring an additional 1,132,053 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Facebook by 0.6% during the fourth quarter. Capital Research Global Investors now owns 73,111,043 shares of the social networking company’s stock valued at $15,006,041,000 after acquiring an additional 409,290 shares in the last quarter. Capital International Investors raised its stake in shares of Facebook by 14.1% during the first quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock valued at $8,604,068,000 after acquiring an additional 6,394,036 shares in the last quarter. Capital World Investors raised its stake in shares of Facebook by 5.4% during the fourth quarter. Capital World Investors now owns 46,700,441 shares of the social networking company’s stock valued at $9,585,263,000 after acquiring an additional 2,405,542 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Facebook by 2.1% during the first quarter. Geode Capital Management LLC now owns 34,812,327 shares of the social networking company’s stock valued at $5,794,733,000 after acquiring an additional 723,655 shares in the last quarter. 65.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on FB. Nomura Instinet boosted their price objective on shares of Facebook from $253.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Pivotal Research raised shares of Facebook from a “sell” rating to a “hold” rating and boosted their price objective for the company from $167.00 to $225.00 in a report on Thursday, April 30th. Jefferies Financial Group set a $250.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Thursday, May 21st. Nomura Securities reissued a “buy” rating and set a $253.00 price objective on shares of Facebook in a report on Sunday, March 29th. Finally, BMO Capital Markets boosted their price objective on shares of Facebook from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $247.50.

Shares of FB traded down $3.89 during midday trading on Thursday, reaching $233.66. The stock had a trading volume of 1,740,031 shares, compared to its average volume of 25,442,300. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The company’s fifty day simple moving average is $227.62 and its two-hundred day simple moving average is $202.72. The company has a market cap of $665.39 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.66 and a beta of 1.19. Facebook, Inc. has a 1-year low of $137.10 and a 1-year high of $245.19.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). The company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. Facebook had a net margin of 28.57% and a return on equity of 21.54%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. On average, sell-side analysts forecast that Facebook, Inc. will post 7.19 earnings per share for the current year.

In other Facebook news, CRO David B. Fischer sold 13,103 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $225.21, for a total transaction of $2,950,926.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $241.36, for a total transaction of $46,823.84. Following the transaction, the vice president now directly owns 2,888 shares in the company, valued at $697,047.68. The disclosure for this sale can be found here. Insiders sold a total of 68,979 shares of company stock worth $14,937,163 over the last ninety days. Insiders own 14.14% 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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