Welch & Forbes LLC Trims Stock Position in Facebook, Inc. (NASDAQ:FB)

Welch & Forbes LLC lowered its stake in shares of Facebook, Inc. (NASDAQ:FB) by 0.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 199,713 shares of the social networking company’s stock after selling 53 shares during the period. Welch & Forbes LLC’s holdings in Facebook were worth $40,992,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Advantage Inc. acquired a new stake in Facebook in the 3rd quarter worth about $28,000. American National Bank acquired a new stake in Facebook in the 4th quarter worth about $41,000. Winthrop Partners WNY LLC acquired a new stake in Facebook in the 3rd quarter worth about $58,000. AlphaMark Advisors LLC boosted its holdings in Facebook by 20.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock worth $83,000 after buying an additional 80 shares during the last quarter. Finally, Personal Wealth Partners boosted its holdings in Facebook by 12.9% in the 3rd quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock worth $86,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 63.77% of the company’s stock.

Facebook stock traded down $0.57 during mid-day trading on Friday, reaching $221.20. The company had a trading volume of 468,168 shares, compared to its average volume of 12,376,408. Facebook, Inc. has a 1 year low of $142.52 and a 1 year high of $222.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market capitalization of $632.43 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.17 and a beta of 1.05. The stock’s 50-day simple moving average is $206.14 and its 200-day simple moving average is $193.86.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The company had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period last year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities analysts forecast that Facebook, Inc. will post 8.48 EPS for the current fiscal year.

In other news, VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $221.86, for a total transaction of $57,683.60. Following the completion of the transaction, the vice president now directly owns 1,046 shares of the company’s stock, valued at approximately $232,065.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $184.74, for a total transaction of $10,160,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,220,900 shares of company stock valued at $231,834,951. 14.53% of the stock is currently owned by corporate insiders.

Several equities research analysts recently issued reports on FB shares. Piper Jaffray Companies started coverage on Facebook in a report on Tuesday, December 3rd. They issued an “overweight” rating and a $230.00 price objective on the stock. Sanford C. Bernstein started coverage on Facebook in a report on Thursday, January 9th. They set an “outperform” rating and a $250.00 target price on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $270.00 price objective (up from $260.00) on shares of Facebook in a report on Thursday, October 31st. Tigress Financial reissued a “buy” rating on shares of Facebook in a research report on Friday, December 27th. Finally, BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $238.37.

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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