Facebook, Inc. (NASDAQ:FB) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in Facebook, Inc. (NASDAQ:FB) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,065 shares of the social networking company’s stock after selling 296 shares during the period. Sequoia Financial Advisors LLC’s holdings in Facebook were worth $3,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FB. AE Wealth Management LLC lifted its position in shares of Facebook by 42.6% in the 2nd quarter. AE Wealth Management LLC now owns 82,420 shares of the social networking company’s stock valued at $18,715,000 after acquiring an additional 24,635 shares in the last quarter. Sarasin & Partners LLP increased its stake in Facebook by 223.4% in the 2nd quarter. Sarasin & Partners LLP now owns 256,493 shares of the social networking company’s stock valued at $58,242,000 after buying an additional 177,179 shares during the period. UBP Investment Advisors SA acquired a new position in Facebook in the 3rd quarter valued at approximately $210,000. Foundations Investment Advisors LLC increased its stake in Facebook by 7.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,764 shares of the social networking company’s stock valued at $2,018,000 after buying an additional 563 shares during the period. Finally, Clarius Group LLC increased its stake in Facebook by 3.8% in the 3rd quarter. Clarius Group LLC now owns 41,396 shares of the social networking company’s stock valued at $10,842,000 after buying an additional 1,521 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

In other news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $234.76, for a total transaction of $45,543.44. Following the completion of the sale, the vice president now owns 1,918 shares in the company, valued at approximately $450,269.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO David B. Fischer sold 13,110 shares of Facebook stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $293.95, for a total transaction of $3,853,684.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,255 shares of company stock valued at $9,484,634. 14.14% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Facebook from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Rosenblatt Securities increased their price target on shares of Facebook from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. SunTrust Banks restated a “buy” rating and set a $285.00 price target (up previously from $245.00) on shares of Facebook in a research note on Friday, July 31st. Needham & Company LLC initiated coverage on shares of Facebook in a research note on Thursday, July 2nd. They issued a “hold” rating on the stock. Finally, Cfra lowered shares of Facebook from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $284.07.

FB traded down $9.24 during midday trading on Monday, hitting $275.55. The company had a trading volume of 929,319 shares, compared to its average volume of 23,282,795. The company has a market capitalization of $811.31 billion, a PE ratio of 33.68, a P/E/G ratio of 1.71 and a beta of 1.29. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $304.67. The firm’s 50-day simple moving average is $265.10 and its 200-day simple moving average is $238.00.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 22.90%. The firm had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. On average, research analysts anticipate that Facebook, Inc. will post 8.12 EPS for the current fiscal 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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