Facebook, Inc. (NASDAQ:FB) Position Trimmed by Bay Harbor Wealth Management LLC

Bay Harbor Wealth Management LLC lessened its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603 shares of the social networking company’s stock after selling 73 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in Facebook were worth $124,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. TFO TDC LLC acquired a new stake in shares of Facebook during the 4th quarter valued at about $25,000. Financial Advantage Inc. acquired a new stake in shares of Facebook during the 3rd quarter valued at about $28,000. American National Bank acquired a new stake in shares of Facebook during the 4th quarter valued at about $41,000. Winthrop Partners WNY LLC acquired a new stake in shares of Facebook during the 3rd quarter valued at about $58,000. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Facebook by 20.8% during the 3rd quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock valued at $83,000 after buying an additional 80 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

In other news, CEO Mark Zuckerberg sold 139,900 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $195.40, for a total transaction of $27,336,460.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $198.58, for a total value of $224,991.14. Following the sale, the chief accounting officer now owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 663,760 shares of company stock worth $127,627,499. 14.53% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on FB. Evercore ISI reiterated a “positive” rating and set a $280.00 price target on shares of Facebook in a report on Monday, January 13th. They noted that the move was a valuation call. Goldman Sachs Group set a $231.00 target price on Facebook and gave the stock a “buy” rating in a report on Wednesday, October 30th. SunTrust Banks boosted their target price on Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Aegis boosted their target price on Facebook from $235.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, December 30th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $255.00 target price on shares of Facebook in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $240.97.

Shares of FB stock opened at $214.87 on Tuesday. Facebook, Inc. has a 12 month low of $143.43 and a 12 month high of $222.75. The firm has a market cap of $614.32 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05. The stock has a 50 day moving average of $210.40 and a 200-day moving average of $195.20. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.21. The business had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. Facebook’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. As a group, equities analysts predict that Facebook, Inc. will post 8.5 EPS for the current fiscal year.

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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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