HCR Wealth Advisors Sells 1,065 Shares of Facebook, Inc. (NASDAQ:FB)

HCR Wealth Advisors decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,157 shares of the social networking company’s stock after selling 1,065 shares during the quarter. Facebook makes up 1.2% of HCR Wealth Advisors’ holdings, making the stock its 13th largest holding. HCR Wealth Advisors’ holdings in Facebook were worth $5,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FB. Watson Rebecca bought a new stake in Facebook during the second quarter valued at about $25,000. JJJ Advisors Inc. boosted its position in Facebook by 262.5% during the second quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 105 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in Facebook during the first quarter valued at about $41,000. Elmwood Wealth Management Inc. bought a new stake in Facebook during the first quarter valued at about $46,000. Finally, NuWave Investment Management LLC boosted its holdings in Facebook by 1,019.2% in the first quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock worth $49,000 after acquiring an additional 265 shares in the last quarter. 65.12% of the stock is currently owned by institutional investors and hedge funds.

In other news, CRO David B. Fischer sold 22,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the completion of the transaction, the executive now directly owns 57,503 shares of the company’s stock, valued at approximately $11,804,790.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 1,195 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total value of $266,951.05. Following the transaction, the chief accounting officer now directly owns 3,147 shares of the company’s stock, valued at $703,008.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,591 shares of company stock valued at $14,894,825. Company insiders own 14.14% of the company’s stock.

Several brokerages have weighed in on FB. Citigroup raised their price target on Facebook from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Bank of America raised their price objective on Facebook from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird raised their price objective on Facebook from $240.00 to $300.00 in a research note on Thursday, June 25th. Royal Bank of Canada raised their price objective on Facebook from $271.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley lifted their price target on Facebook from $270.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $273.37.

Facebook stock traded up $19.17 during mid-day trading on Friday, reaching $253.67. 53,030,037 shares of the company were exchanged, compared to its average volume of 19,530,204. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $255.85. The firm’s 50-day simple moving average is $235.27 and its two-hundred day simple moving average is $207.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. The firm has a market cap of $722.73 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. Facebook had a return on equity of 23.49% and a net margin of 31.29%. The company had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. As a group, equities research analysts anticipate that Facebook, Inc. will post 7.4 EPS for the current year.

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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