SeaCrest Wealth Management LLC Cuts Stock Position in Facebook, Inc. (NASDAQ:FB)


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SeaCrest Wealth Management LLC lowered its holdings in Facebook, Inc. (NASDAQ:FB) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,299 shares of the social networking company’s stock after selling 52 shares during the period. Facebook comprises 0.8% of SeaCrest Wealth Management LLC’s holdings, making the stock its 18th largest position. SeaCrest Wealth Management LLC’s holdings in Facebook were worth $5,545,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FB. BlackRock Inc. lifted its position in shares of Facebook by 0.6% during the 4th quarter. BlackRock Inc. now owns 159,655,331 shares of the social networking company’s stock valued at $43,611,449,000 after buying an additional 910,971 shares during the last quarter. Morgan Stanley lifted its position in shares of Facebook by 5.5% during the 3rd quarter. Morgan Stanley now owns 21,019,784 shares of the social networking company’s stock valued at $5,505,081,000 after buying an additional 1,098,694 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Facebook by 1.9% during the 4th quarter. Alliancebernstein L.P. now owns 19,999,781 shares of the social networking company’s stock valued at $5,463,140,000 after buying an additional 367,313 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Facebook by 1.0% during the 4th quarter. Jennison Associates LLC now owns 15,909,854 shares of the social networking company’s stock valued at $4,345,936,000 after buying an additional 153,953 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Facebook by 15.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 12,282,314 shares of the social networking company’s stock valued at $3,216,738,000 after buying an additional 1,598,856 shares during the last quarter. 64.95% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO Susan J.S. Taylor sold 2,707 shares of Facebook stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $269.47, for a total transaction of $729,455.29. Following the transaction, the chief accounting officer now directly owns 3,147 shares in the company, valued at $848,022.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 44,750 shares of Facebook stock in a transaction on Friday, February 19th. The shares were sold at an average price of $263.83, for a total value of $11,806,392.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,384,833 shares of company stock worth $374,590,627. Company insiders own 14.14% of the company’s stock.

A number of analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Facebook from $320.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. UBS Group boosted their price objective on Facebook from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. BMO Capital Markets boosted their price objective on Facebook from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, January 28th. Raymond James boosted their price objective on Facebook from $320.00 to $360.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Facebook from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, January 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus target price of $323.98.

Shares of FB stock traded up $1.97 on Tuesday, reaching $262.30. The stock had a trading volume of 359,652 shares, compared to its average volume of 20,207,424. The stock has a market cap of $746.94 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Facebook, Inc. has a 1 year low of $137.10 and a 1 year high of $304.67. The company has a 50 day simple moving average of $265.35 and a 200 day simple moving average of $270.40.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 27th. The social networking company reported $3.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.24 by $0.64. The firm had revenue of $28.10 million for the quarter, compared to the consensus estimate of $26.43 billion. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the business posted $2.56 EPS. As a group, sell-side analysts predict that Facebook, Inc. will post 9.39 EPS for the current year.

About Facebook

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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