Quattro Financial Advisors LLC Sells 17,684 Shares of Facebook, Inc. (NASDAQ:FB)

Quattro Financial Advisors LLC cut its stake in Facebook, Inc. (NASDAQ:FB) by 54.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,024 shares of the social networking company’s stock after selling 17,684 shares during the period. Facebook accounts for 0.9% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Quattro Financial Advisors LLC’s holdings in Facebook were worth $3,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Toth Financial Advisory Corp boosted its holdings in Facebook by 417.6% in the second quarter. Toth Financial Advisory Corp now owns 2,174 shares of the social networking company’s stock valued at $494,000 after acquiring an additional 1,754 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Facebook by 5.1% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 1,513 shares of the social networking company’s stock worth $344,000 after buying an additional 73 shares in the last quarter. Boenning & Scattergood Inc. boosted its holdings in shares of Facebook by 51.0% during the 2nd quarter. Boenning & Scattergood Inc. now owns 6,781 shares of the social networking company’s stock worth $1,540,000 after buying an additional 2,289 shares in the last quarter. Connecticut Wealth Management LLC boosted its holdings in shares of Facebook by 6.5% during the 2nd quarter. Connecticut Wealth Management LLC now owns 1,711 shares of the social networking company’s stock worth $389,000 after buying an additional 104 shares in the last quarter. Finally, Verity & Verity LLC bought a new position in shares of Facebook during the 2nd quarter worth approximately $235,000. Institutional investors and hedge funds own 65.12% of the company’s stock.

Shares of FB stock opened at $239.73 on Wednesday. Facebook, Inc. has a 1 year low of $137.10 and a 1 year high of $250.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The stock’s 50 day simple moving average is $233.02 and its two-hundred day simple moving average is $205.27. The company has a market cap of $683.02 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.07). Facebook had a return on equity of 21.54% and a net margin of 28.57%. The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts expect that Facebook, Inc. will post 7.25 EPS for the current year.

A number of equities analysts have recently weighed in on FB shares. Nomura Securities reaffirmed a “buy” rating and set a $253.00 target price on shares of Facebook in a research report on Sunday, March 29th. Citigroup increased their price target on Facebook from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Canaccord Genuity increased their price target on Facebook from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. DZ Bank reaffirmed a “buy” rating on shares of Facebook in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus raised their target price on Facebook from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-two have given a buy rating to the company. Facebook has a consensus rating of “Buy” and an average price target of $250.83.

In other Facebook news, CRO David B. Fischer sold 22,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the transaction, the executive now directly owns 57,503 shares in the company, valued at approximately $11,804,790.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Newstead sold 194 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total value of $40,241.42. Following the transaction, the vice president now owns 406 shares in the company, valued at $84,216.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,173 shares of company stock worth $14,992,413. Company insiders own 14.14% of the company’s stock.

Facebook Company Profile

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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