HBK Sorce Advisory LLC Has $5.37 Million Stake in Facebook, Inc. (NASDAQ:FB)

HBK Sorce Advisory LLC trimmed its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 21.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,813 shares of the social networking company’s stock after selling 7,817 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Facebook were worth $5,368,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Facebook by 2.0% in the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after buying an additional 3,465,756 shares during the period. BlackRock Inc. lifted its stake in shares of Facebook by 2.8% in the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after buying an additional 4,114,043 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Facebook by 13,908.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares during the period. Invesco Ltd. lifted its stake in shares of Facebook by 36.5% in the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after buying an additional 9,368,684 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Facebook by 1.7% in the second quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock valued at $5,518,644,000 after buying an additional 470,411 shares during the period. 63.17% of the stock is currently owned by hedge funds and other institutional investors.

FB traded down $0.21 during trading on Friday, hitting $189.93. The company had a trading volume of 15,928,817 shares, compared to its average volume of 11,223,911. The company has a market capitalization of $542.46 billion, a PE ratio of 25.09, a PEG ratio of 1.10 and a beta of 1.01. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The firm’s 50-day moving average price is $185.62 and its 200 day moving average price is $183.81. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The business had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. Sell-side analysts forecast that Facebook, Inc. will post 8.03 earnings per share for the current year.

In other Facebook news, CEO Mark Zuckerberg sold 237,823 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $182.75, for a total transaction of $43,462,153.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $181.62, for a total transaction of $9,989,100.00. The disclosure for this sale can be found here. Insiders sold a total of 2,620,872 shares of company stock worth $486,967,799 over the last ninety days. 14.53% of the stock is currently owned by insiders.

A number of brokerages have commented on FB. JPMorgan Chase & Co. raised their price target on shares of Facebook from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Loop Capital raised their price target on shares of Facebook from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Oppenheimer raised their price target on shares of Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada restated a “buy” rating and set a $260.00 price target on shares of Facebook in a research note on Thursday, July 25th. Finally, KeyCorp raised their price target on shares of Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $220.92.

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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