Exencial Wealth Advisors LLC Cuts Stake in Facebook, Inc. (FB)

Exencial Wealth Advisors LLC reduced its position in shares of Facebook, Inc. (NASDAQ:FB) by 5.1% during the first quarter, Holdings Channel reports. The firm owned 46,270 shares of the social networking company’s stock after selling 2,467 shares during the period. Facebook accounts for approximately 2.9% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 4th largest position. Exencial Wealth Advisors LLC’s holdings in Facebook were worth $6,583,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter worth approximately $121,000. Cable Hill Partners LLC boosted its stake in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the period. Hemenway Trust Co LLC acquired a new stake in shares of Facebook during the fourth quarter worth approximately $109,000. GFI Investment Counsel Ltd. acquired a new stake in shares of Facebook during the fourth quarter worth approximately $115,000. Finally, Viking Fund Management LLC acquired a new stake in shares of Facebook during the first quarter worth approximately $142,000. Institutional investors and hedge funds own 57.66% of the company’s stock.

Facebook, Inc. (NASDAQ FB) opened at 151.44 on Monday. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $156.50. The company has a 50-day moving average of $151.14 and a 200 day moving average of $138.83. The firm has a market cap of $438.90 billion, a P/E ratio of 38.50 and a beta of 0.67.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.83 billion. During the same quarter last year, the company posted $0.77 EPS. Facebook’s revenue for the quarter was up 49.2% on a year-over-year basis. On average, equities analysts predict that Facebook, Inc. will post $4.85 earnings per share for the current year.

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A number of brokerages have recently commented on FB. Robert W. Baird reiterated an “outperform” rating on shares of Facebook in a research report on Monday, July 3rd. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Facebook in a research report on Friday, April 21st. Moffett Nathanson restated a “buy” rating on shares of Facebook in a research report on Friday, June 9th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of Facebook in a research report on Saturday, June 3rd. Finally, Aegis restated a “buy” rating on shares of Facebook in a research report on Sunday, April 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average price target of $165.47.

In related news, Director Jan Koum sold 3,200,000 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $150.27, for a total value of $480,864,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $149.00, for a total value of $111,750.00. Following the completion of the sale, the vice president now directly owns 86,156 shares of the company’s stock, valued at $12,837,244. The disclosure for this sale can be found here. Insiders sold a total of 6,375,210 shares of company stock valued at $954,087,543 in the last quarter. 19.08% of the stock is currently owned by corporate insiders.

Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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