Westover Capital Advisors LLC Has $370,000 Stake in Facebook Inc (FB)

Westover Capital Advisors LLC cut its position in Facebook Inc (NASDAQ:FB) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,451 shares of the social networking company’s stock after selling 244 shares during the period. Westover Capital Advisors LLC’s holdings in Facebook were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. D. Scott Neal Inc. grew its stake in Facebook by 1,358.0% during the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after acquiring an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Facebook by 4.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares in the last quarter. Pacific Center for Financial Services grew its stake in Facebook by 10.7% during the first quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares in the last quarter. Vigilant Capital Management LLC grew its stake in Facebook by 17.8% during the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares in the last quarter. Finally, Watermark Asset Management Inc. purchased a new position in Facebook during the first quarter valued at $141,000. 57.86% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Vetr cut shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective for the company. in a research note on Thursday, December 7th. Wells Fargo & Company reissued a “buy” rating and issued a $215.00 price objective on shares of Facebook in a research note on Tuesday, December 5th. Evercore ISI assumed coverage on shares of Facebook in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $225.00 price objective for the company. MKM Partners lifted their price objective on shares of Facebook to $240.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $200.73.

In other news, CEO Mark Zuckerberg sold 232,138 shares of Facebook stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $183.08, for a total value of $42,499,825.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David B. Fischer sold 16,621 shares of Facebook stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold a total of 5,027,649 shares of company stock worth $896,849,901 in the last three months. Insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $179.04 on Tuesday. The company has a market cap of $520,500.00, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69. Facebook Inc has a 12-month low of $114.77 and a 12-month high of $184.25.

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

ILLEGAL ACTIVITY NOTICE: “Westover Capital Advisors LLC Has $370,000 Stake in Facebook Inc (FB)” was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://transcriptdaily.com/2017/12/12/westover-capital-advisors-llc-has-370000-stake-in-facebook-inc-fb.html.

Facebook 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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply