Bell & Brown Wealth Advisors LLC decreased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,654 shares of the social networking company’s stock after selling 70 shares during the quarter. Facebook makes up approximately 3.2% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Facebook were worth $4,389,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Watson Rebecca acquired a new position in Facebook in the second quarter valued at $25,000. Rocky Mountain Advisers LLC purchased a new stake in shares of Facebook in the 3rd quarter valued at about $26,000. JJJ Advisors Inc. boosted its position in shares of Facebook by 262.5% in the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 105 shares during the period. Carolina Wealth Advisors LLC grew its stake in Facebook by 58.2% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 144 shares of the social networking company’s stock worth $38,000 after buying an additional 53 shares during the last quarter. Finally, Demars Financial Group LLC purchased a new position in Facebook during the 2nd quarter worth approximately $39,000. 65.31% of the stock is owned by hedge funds and other institutional investors.
In other news, CRO David B. Fischer sold 13,110 shares of Facebook stock in a transaction on Monday, August 31st. The stock was sold at an average price of $293.95, for a total value of $3,853,684.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Newstead sold 426 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $295.54, for a total value of $125,900.04. Following the completion of the transaction, the vice president now owns 4,286 shares of the company’s stock, valued at $1,266,684.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,255 shares of company stock worth $9,484,634. 14.14% of the stock is owned by insiders.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.36. The business had revenue of $18.69 billion for the quarter, compared to analyst estimates of $17.29 billion. Facebook had a return on equity of 22.90% and a net margin of 31.29%. Analysts forecast that Facebook, Inc. will post 8.12 EPS for the current year.
FB has been the subject of several research analyst reports. Mizuho increased their price objective on Facebook from $315.00 to $330.00 and gave the company a “buy” rating in a report on Monday. KeyCorp raised their price objective on shares of Facebook from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday. JMP Securities upped their target price on shares of Facebook from $250.00 to $305.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Facebook from $305.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Argus boosted their price target on Facebook from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $284.07.
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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