Executive Wealth Management LLC Cuts Stock Holdings in Facebook, Inc. (NASDAQ:FB)

Executive Wealth Management LLC lowered its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 42,421 shares of the social networking company’s stock after selling 422 shares during the period. Facebook comprises 1.2% of Executive Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Executive Wealth Management LLC’s holdings in Facebook were worth $8,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR increased its position in shares of Facebook by 7.1% during the second quarter. Stephens Inc. AR now owns 117,823 shares of the social networking company’s stock worth $22,740,000 after acquiring an additional 7,774 shares during the period. Hartford Financial Management Inc. increased its position in shares of Facebook by 2.1% during the second quarter. Hartford Financial Management Inc. now owns 7,444 shares of the social networking company’s stock worth $1,437,000 after acquiring an additional 156 shares during the period. Lyell Wealth Management LP grew its stake in shares of Facebook by 1.6% during the second quarter. Lyell Wealth Management LP now owns 39,790 shares of the social networking company’s stock worth $7,679,000 after purchasing an additional 617 shares in the last quarter. Jacobs & Co. CA grew its stake in shares of Facebook by 1.0% during the second quarter. Jacobs & Co. CA now owns 78,716 shares of the social networking company’s stock worth $15,192,000 after purchasing an additional 764 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Facebook during the second quarter worth $256,000. 62.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Susan J.S. Taylor sold 1,472 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $181.89, for a total value of $267,742.08. Following the completion of the sale, the insider now directly owns 569 shares of the company’s stock, valued at $103,495.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $181.62, for a total transaction of $9,989,100.00. The disclosure for this sale can be found here. Insiders sold 863,283 shares of company stock valued at $160,819,836 over the last ninety days. Corporate insiders own 14.53% of the company’s stock.

Shares of NASDAQ:FB traded up $1.11 on Friday, reaching $183.70. The company’s stock had a trading volume of 12,654,600 shares, compared to its average volume of 17,575,930. The stock’s 50-day moving average is $194.93 and its two-hundred day moving average is $180.55. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The stock has a market capitalization of $524.09 billion, a P/E ratio of 24.27, a PEG ratio of 1.05 and a beta of 0.99.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The business’s revenue was up 27.6% compared to the same quarter last year. Equities analysts forecast that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

FB has been the subject of a number of analyst reports. Goldman Sachs Group set a $228.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and set a $220.00 target price on shares of Facebook in a research note on Monday, July 22nd. Monness Crespi & Hardt boosted their target price on shares of Facebook from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus reiterated a “hold” rating and set a $175.00 target price (up previously from $155.00) on shares of Facebook in a research note on Thursday, April 25th. Finally, BMO Capital Markets lowered their target price on shares of Facebook to $195.00 and set a “market perform” rating for the company in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $220.92.

About Facebook

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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