Sheaff Brock Investment Advisors LLC Sells 1,460 Shares of Facebook, Inc. (FB)

Sheaff Brock Investment Advisors LLC cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,610 shares of the social networking company’s stock after selling 1,460 shares during the quarter. Facebook makes up about 1.8% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 3rd largest position. Sheaff Brock Investment Advisors LLC’s holdings in Facebook were worth $13,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Facebook by 3.6% during the fourth quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock worth $25,793,297,000 after buying an additional 5,107,163 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Facebook by 4.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock worth $2,221,204,000 after buying an additional 558,184 shares during the last quarter. American Century Companies Inc. raised its holdings in Facebook by 2.1% during the fourth quarter. American Century Companies Inc. now owns 11,968,526 shares of the social networking company’s stock worth $2,111,966,000 after buying an additional 246,365 shares during the last quarter. Legal & General Group Plc raised its holdings in Facebook by 2.8% during the third quarter. Legal & General Group Plc now owns 10,673,834 shares of the social networking company’s stock worth $1,823,809,000 after buying an additional 291,063 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Facebook by 0.7% during the fourth quarter. Swiss National Bank now owns 8,935,800 shares of the social networking company’s stock worth $1,576,811,000 after buying an additional 62,000 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on FB. Wedbush set a $260.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Friday, March 23rd. Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 target price for the company in a report on Thursday, January 25th. Robert W. Baird lowered their target price on shares of Facebook from $225.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, March 26th. Finally, Goldman Sachs set a $205.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average price target of $217.37.

Facebook opened at $183.80 on Wednesday, MarketBeat reports. Facebook, Inc. has a 12 month low of $144.56 and a 12 month high of $195.32. The company has a market capitalization of $535.94 billion, a PE ratio of 29.84, a PEG ratio of 0.99 and a beta of 0.78.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.44. Facebook had a net margin of 40.03% and a return on equity of 27.74%. The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $11.41 billion. During the same period last year, the business earned $1.04 earnings per share. Facebook’s revenue was up 49.0% compared to the same quarter last year. analysts predict that Facebook, Inc. will post 7.64 EPS for the current fiscal year.

In other news, VP David B. Fischer sold 17,830 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $184.35, for a total value of $3,286,960.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 457,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $183.23, for a total transaction of $83,736,110.00. The disclosure for this sale can be found here. Insiders sold 11,661,548 shares of company stock valued at $2,055,959,662 over the last 90 days. 16.25% of the stock is owned by company insiders.

Facebook Company Profile

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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