Wealth Enhancement Advisory Services LLC Has $2 Million Position in Facebook Inc (FB)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Facebook Inc (NASDAQ:FB) by 34.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,607 shares of the social networking company’s stock after selling 6,054 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Facebook were worth $1,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FB. Janus Henderson Group PLC boosted its stake in Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after buying an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. boosted its stake in Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its stake in Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in Facebook by 15,047.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after buying an additional 2,523,918 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in Facebook by 28.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after buying an additional 2,361,166 shares during the last quarter. 57.86% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on FB. Pivotal Research reissued a “sell” rating and issued a $140.00 price target on shares of Facebook in a research note on Wednesday, September 6th. Wells Fargo & Company reissued an “outperform” rating and issued a $215.00 price target (up from $185.00) on shares of Facebook in a research note on Wednesday, September 27th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $174.15 price objective on the stock in a report on Monday, August 21st. Royal Bank of Canada restated a “buy” rating and issued a $195.00 price objective on shares of Facebook in a report on Friday, October 13th. Finally, Wedbush restated an “outperform” rating and issued a $230.00 price objective (up from $225.00) on shares of Facebook in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $200.75.

Shares of Facebook Inc (FB) opened at $180.82 on Tuesday. The company has a market capitalization of $525,430.00, a PE ratio of 34.72, a P/E/G ratio of 1.15 and a beta of 0.69. Facebook Inc has a twelve month low of $114.77 and a twelve month high of $184.25.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the business posted $1.09 EPS. The company’s revenue was up 47.3% on a year-over-year basis. analysts expect that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, VP David B. Fischer sold 4,699 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $171.53, for a total transaction of $806,019.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total value of $123,157.50. Following the completion of the transaction, the vice president now owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,065,691 shares of company stock valued at $903,621,624. 17.23% of the stock is owned by insiders.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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