Facebook, Inc. (FB) Holdings Trimmed by Wealthstreet Investment Advisors LLC

Wealthstreet Investment Advisors LLC trimmed its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 15.5% during the second quarter, Holdings Channel reports. The fund owned 73,602 shares of the social networking company’s stock after selling 13,548 shares during the quarter. Facebook comprises 1.9% of Wealthstreet Investment Advisors LLC’s holdings, making the stock its 8th largest position. Wealthstreet Investment Advisors LLC’s holdings in Facebook were worth $14,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FB. Townsend & Associates Inc lifted its position in shares of Facebook by 6.6% during the 2nd quarter. Townsend & Associates Inc now owns 4,077 shares of the social networking company’s stock valued at $792,000 after acquiring an additional 254 shares during the period. Winslow Evans & Crocker Inc. lifted its position in shares of Facebook by 2.2% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 12,658 shares of the social networking company’s stock valued at $2,462,000 after acquiring an additional 274 shares during the period. Harvest Group Wealth Management LLC lifted its position in shares of Facebook by 2.4% during the 1st quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock valued at $1,986,000 after acquiring an additional 286 shares during the period. Truewealth LLC lifted its position in shares of Facebook by 7.1% during the 2nd quarter. Truewealth LLC now owns 4,306 shares of the social networking company’s stock valued at $837,000 after acquiring an additional 287 shares during the period. Finally, Sit Investment Associates Inc. lifted its position in shares of Facebook by 0.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 56,660 shares of the social networking company’s stock valued at $11,010,000 after acquiring an additional 290 shares during the period. 60.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on FB shares. DZ Bank reiterated a “buy” rating on shares of Facebook in a research report on Thursday, June 21st. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $226.00 target price on the stock in a research report on Tuesday, June 26th. Macquarie reiterated a “buy” rating and set a $200.00 target price on shares of Facebook in a research report on Wednesday, June 27th. Finally, Barclays restated a “buy” rating and set a $190.00 price objective on shares of Facebook in a report on Wednesday, June 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $205.89.

NASDAQ FB opened at $159.42 on Thursday. Facebook, Inc. has a 1 year low of $149.02 and a 1 year high of $218.62. The firm has a market capitalization of $477.76 billion, a PE ratio of 25.88, a PEG ratio of 1.05 and a beta of 0.42.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook had a return on equity of 28.16% and a net margin of 39.31%. The firm had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.35 billion. During the same quarter in the previous year, the company earned $1.32 EPS. The business’s revenue was up 41.9% compared to the same quarter last year. On average, research analysts expect that Facebook, Inc. will post 7.08 earnings per share for the current year.

In related news, insider Christopher K. Cox sold 5,300 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $153.44, for a total transaction of $813,232.00. Following the completion of the transaction, the insider now owns 120,737 shares in the company, valued at $18,525,885.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christopher K. Cox sold 10,600 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $210.66, for a total transaction of $2,232,996.00. Following the transaction, the insider now owns 115,882 shares of the company’s stock, valued at approximately $24,411,702.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,041,696 shares of company stock valued at $925,357,331. Company insiders own 16.25% of the company’s stock.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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