Facebook, Inc. (NASDAQ:FB) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC cut its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 55.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,401 shares of the social networking company’s stock after selling 1,725 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Facebook were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. California Public Employees Retirement System boosted its holdings in Facebook by 32.6% in the 3rd quarter. California Public Employees Retirement System now owns 5,218,412 shares of the social networking company’s stock valued at $929,295,000 after purchasing an additional 1,284,127 shares during the last quarter. Johanson Financial Advisors Inc. boosted its holdings in Facebook by 21,147.8% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,219,198 shares of the social networking company’s stock valued at $5,940,000 after purchasing an additional 1,213,460 shares during the last quarter. DNB Asset Management AS boosted its holdings in Facebook by 55.4% in the 4th quarter. DNB Asset Management AS now owns 3,163,030 shares of the social networking company’s stock valued at $649,212,000 after purchasing an additional 1,127,759 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Facebook by 52.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,106,221 shares of the social networking company’s stock valued at $637,552,000 after purchasing an additional 1,072,494 shares during the last quarter. Finally, State Street Corp boosted its holdings in Facebook by 0.9% in the 4th quarter. State Street Corp now owns 94,316,951 shares of the social networking company’s stock valued at $19,358,554,000 after purchasing an additional 881,118 shares during the last quarter. Hedge funds and other institutional investors own 63.91% of the company’s stock.

FB traded up $1.11 during trading hours on Friday, hitting $214.25. 8,110,728 shares of the company’s stock were exchanged, compared to its average volume of 16,106,536. Facebook, Inc. has a 12-month low of $159.28 and a 12-month high of $224.20. The firm has a 50 day moving average of $213.29 and a 200 day moving average of $195.87. The firm has a market cap of $609.12 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The firm had revenue of $21.08 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, research analysts expect that Facebook, Inc. will post 9.28 EPS for the current fiscal year.

In other Facebook news, 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 transaction of $224,991.14. Following the completion of the transaction, the chief accounting officer now owns 1,505 shares in the company, valued at approximately $298,862.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $197.40, for a total transaction of $51,324.00. Following the transaction, the vice president now owns 6,717 shares of the company’s stock, valued at approximately $1,325,935.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,531 shares of company stock worth $16,696,656. 14.53% of the stock is owned by insiders.

Several equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Facebook from $240.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. They noted that the move was a valuation call. Piper Jaffray Companies assumed coverage on shares of Facebook in a report on Tuesday, December 3rd. They issued an “overweight” rating and a $230.00 target price on the stock. Aegis boosted their target price on shares of Facebook from $235.00 to $300.00 and gave the company a “buy” rating in a report on Monday, December 30th. Credit Suisse Group decreased their target price on shares of Facebook from $274.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Raymond James reiterated a “buy” rating on shares of Facebook in a report on Thursday, January 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $245.48.

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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