Moors & Cabot Inc. Reduces Holdings in Facebook, Inc. (NASDAQ:FB)

Moors & Cabot Inc. decreased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 12.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 27,710 shares of the social networking company’s stock after selling 4,049 shares during the period. Moors & Cabot Inc.’s holdings in Facebook were worth $4,635,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FB. Permanens Capital L.P. purchased a new stake in shares of Facebook during the fourth quarter worth about $28,000. Lighthouse Financial Advisors Inc. acquired a new stake in shares of Facebook during the fourth quarter worth about $41,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Facebook during the fourth quarter worth about $41,000. HHM Wealth Advisors LLC acquired a new stake in shares of Facebook during the first quarter worth about $41,000. Finally, Sowa Financial Group Inc. acquired a new stake in shares of Facebook during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 65.14% of the company’s stock.

Shares of NASDAQ:FB traded up $3.54 during midday trading on Monday, hitting $228.63. The company’s stock had a trading volume of 6,836,231 shares, compared to its average volume of 23,960,940. The business’s 50 day simple moving average is $200.58 and its 200 day simple moving average is $197.37. 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 company has a market cap of $641.30 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. Facebook, Inc. has a 12-month low of $137.10 and a 12-month high of $240.90.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.07). The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. On average, sell-side analysts predict that Facebook, Inc. will post 7.27 earnings per share for the current fiscal year.

In other Facebook news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $240.00, for a total transaction of $46,560.00. Following the transaction, the vice president now directly owns 3,664 shares of the company’s stock, valued at $879,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the transaction, the chief accounting officer now directly owns 3,147 shares in the company, valued at $703,008.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,585 shares of company stock worth $11,885,393. Insiders own 14.14% of the company’s stock.

A number of research firms recently commented on FB. Nomura Securities reaffirmed a “buy” rating and set a $253.00 target price on shares of Facebook in a report on Sunday, March 29th. Pivotal Research raised Facebook from a “sell” rating to a “hold” rating and lifted their target price for the stock from $167.00 to $225.00 in a report on Thursday, April 30th. Robert W. Baird reaffirmed a “buy” rating on shares of Facebook in a report on Tuesday, May 19th. Nomura lifted their target price on Facebook from $253.00 to $260.00 in a report on Thursday, April 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of Facebook in a report on Thursday, April 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $242.74.

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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