Facebook, Inc. (NASDAQ:FB) is Westbourne Investment Advisors Inc.’s 6th Largest Position

Westbourne Investment Advisors Inc. increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,512 shares of the social networking company’s stock after purchasing an additional 1,745 shares during the period. Facebook makes up approximately 3.3% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Westbourne Investment Advisors Inc.’s holdings in Facebook were worth $4,365,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Facebook by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after purchasing an additional 3,465,756 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Facebook by 2.8% in the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after purchasing an additional 4,114,043 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Facebook by 36.5% in the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after purchasing an additional 9,368,684 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Facebook by 1.7% in the 2nd quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock valued at $5,518,644,000 after purchasing an additional 470,411 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Facebook by 5,336.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock valued at $4,341,794,000 after purchasing an additional 22,082,561 shares in the last quarter. 63.23% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on FB shares. BidaskClub upgraded shares of Facebook from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Susquehanna Bancshares raised their price objective on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a report on Thursday, July 25th. KeyCorp raised their price objective on shares of Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Monness Crespi & Hardt raised their price objective on shares of Facebook from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, UBS Group restated a “buy” rating and issued a $240.00 price objective on shares of Facebook in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have given a buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $223.11.

NASDAQ FB traded down $5.31 during trading on Tuesday, reaching $184.45. The company’s stock had a trading volume of 8,268,112 shares, compared to its average volume of 13,251,199. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The firm has a market cap of $527.11 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.08 and a beta of 1.02. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The business’s fifty day moving average price is $184.36 and its 200-day moving average price is $186.15.

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 analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. Facebook’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. As a group, sell-side analysts forecast that Facebook, Inc. will post 7.99 EPS for the current fiscal year.

In other news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $200.81, for a total value of $11,044,550.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter Thiel sold 22,246 shares of Facebook stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the completion of the sale, the director now directly owns 9,948 shares in the company, valued at approximately $1,810,536. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,035,838 shares of company stock worth $743,951,425. 14.53% of the stock is currently owned by company insiders.

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.

Featured Story: How to trade on quiet period expirations

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.