EFG Asset Management Americas Corp. Has $277,000 Position in Facebook, Inc. (NASDAQ:FB)

EFG Asset Management Americas Corp. lessened its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 93.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,218 shares of the social networking company’s stock after selling 16,217 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Facebook were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FB. Macquarie Group Ltd. increased its stake in Facebook by 13.4% during the 4th quarter. Macquarie Group Ltd. now owns 736,299 shares of the social networking company’s stock valued at $151,125,000 after purchasing an additional 87,024 shares in the last quarter. Pensionfund Sabic grew its stake in shares of Facebook by 2.8% in the 1st quarter. Pensionfund Sabic now owns 37,000 shares of the social networking company’s stock worth $6,172,000 after acquiring an additional 1,000 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Facebook by 13.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,715 shares of the social networking company’s stock worth $1,072,000 after acquiring an additional 790 shares in the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Facebook by 5.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 8,962 shares of the social networking company’s stock worth $1,495,000 after acquiring an additional 476 shares in the last quarter. Finally, Triangle Securities Wealth Management grew its stake in shares of Facebook by 160.9% in the 1st quarter. Triangle Securities Wealth Management now owns 2,917 shares of the social networking company’s stock worth $487,000 after acquiring an additional 1,799 shares in the last quarter. Institutional investors and hedge funds own 65.12% of the company’s stock.

Shares of Facebook stock traded up $19.17 on Friday, reaching $253.67. The stock had a trading volume of 53,030,037 shares, compared to its average volume of 19,530,204. Facebook, Inc. has a 1 year low of $137.10 and a 1 year high of $255.85. The company has a market cap of $722.73 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $235.27 and its two-hundred day moving average is $207.59.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The firm had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. On average, equities analysts anticipate that Facebook, Inc. will post 7.4 EPS for the current fiscal year.

FB has been the subject of several recent analyst reports. Barclays upped their target price on shares of Facebook from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Friday. MKM Partners upped their target price on shares of Facebook from $240.00 to $290.00 in a research note on Wednesday, July 15th. JMP Securities upped their target price on shares of Facebook from $250.00 to $305.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group set a $242.00 target price on shares of Facebook and gave the stock a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities upped their target price on shares of Facebook from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $273.37.

In related news, CRO David B. Fischer sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $205.29, for a total value of $4,516,380.00. Following the transaction, the executive now directly owns 57,503 shares in the company, valued at $11,804,790.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Susan J.S. Taylor sold 1,195 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the completion of the transaction, the chief accounting officer now 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 68,591 shares of company stock worth $14,894,825. 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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