Weatherly Asset Management L. P. Has $3.69 Million Stake in Facebook, Inc. (NASDAQ:FB)

Weatherly Asset Management L. P. trimmed its position in Facebook, Inc. (NASDAQ:FB) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,104 shares of the social networking company’s stock after selling 629 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Facebook were worth $3,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Viridian Ria LLC raised its holdings in shares of Facebook by 1.2% in the fourth quarter. Viridian Ria LLC now owns 10,136 shares of the social networking company’s stock worth $1,328,000 after buying an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. raised its holdings in shares of Facebook by 5.8% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 2,144 shares of the social networking company’s stock worth $281,000 after buying an additional 118 shares during the last quarter. Pioneer Trust Bank N A OR raised its holdings in shares of Facebook by 7.1% in the fourth quarter. Pioneer Trust Bank N A OR now owns 15,330 shares of the social networking company’s stock worth $2,010,000 after buying an additional 1,010 shares during the last quarter. Suffolk Capital Management LLC purchased a new position in shares of Facebook in the fourth quarter worth $3,046,000. Finally, Suncoast Equity Management raised its holdings in shares of Facebook by 0.4% in the fourth quarter. Suncoast Equity Management now owns 141,960 shares of the social networking company’s stock worth $18,610,000 after buying an additional 572 shares during the last quarter. Institutional investors and hedge funds own 62.11% of the company’s stock.

In related news, insider Susan J.S. Taylor sold 1,472 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $181.89, for a total transaction of $267,742.08. Following the sale, the insider now owns 569 shares in the company, valued at $103,495.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $175.82, for a total transaction of $9,670,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 675,183 shares of company stock worth $126,091,951. 14.53% of the stock is owned by company insiders.

A number of research analysts have issued reports on the stock. JMP Securities raised their price target on shares of Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Facebook in a report on Monday, July 22nd. ValuEngine cut shares of Facebook from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James raised their price target on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their price target on shares of Facebook from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $220.92.

FB stock traded down $5.30 during midday trading on Wednesday, hitting $183.15. 3,875,888 shares of the stock traded hands, compared to its average volume of 18,096,547. The firm has a market capitalization of $535.93 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The company’s fifty day moving average is $195.35. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. Sell-side analysts anticipate that Facebook, Inc. will post 7.96 EPS for the current year.

Facebook Company 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.

Further Reading: What is the return on assets (ROA) ratio?

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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