Evanson Asset Management LLC decreased its holdings in Facebook, Inc. (NASDAQ:FB) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,449 shares of the social networking company’s stock after selling 14,857 shares during the quarter. Facebook makes up approximately 19.5% of Evanson Asset Management LLC’s holdings, making the stock its largest holding. Evanson Asset Management LLC’s holdings in Facebook were worth $98,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of Facebook by 8.5% in the 4th quarter. Venturi Wealth Management LLC now owns 3,627 shares of the social networking company’s stock valued at $640,000 after purchasing an additional 284 shares in the last quarter. Harvest Group Wealth Management LLC lifted its position in Facebook by 2.4% during the 1st quarter. Harvest Group Wealth Management LLC now owns 12,430 shares of the social networking company’s stock worth $1,986,000 after acquiring an additional 286 shares in the last quarter. Risk Paradigm Group LLC lifted its position in Facebook by 81.4% during the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock worth $116,000 after acquiring an additional 294 shares in the last quarter. Security National Trust Co. lifted its position in Facebook by 2.3% during the 1st quarter. Security National Trust Co. now owns 13,327 shares of the social networking company’s stock worth $2,129,000 after acquiring an additional 295 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in Facebook by 1.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 19,555 shares of the social networking company’s stock worth $3,689,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 60.40% of the company’s stock.

Several research firms recently commented on FB. Wells Fargo & Co reissued a “buy” rating and set a $220.00 price target (down from $250.00) on shares of Facebook in a research report on Thursday, July 26th. Wedbush reissued a “buy” rating and set a $250.00 price target on shares of Facebook in a research report on Thursday, July 26th. Monness Crespi & Hardt reduced their price target on Facebook from $225.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Citigroup lowered Facebook to a “buy” rating and reduced their price target for the stock from $220.00 to $210.00 in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “buy” rating and set a $215.00 price target (down from $245.00) on shares of Facebook in a research report on Thursday, July 26th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $206.89.

Shares of NASDAQ FB opened at $160.30 on Wednesday. Facebook, Inc. has a twelve month low of $149.02 and a twelve month high of $218.62. The company has a market capitalization of $471.54 billion, a PE ratio of 26.02, a PEG ratio of 1.04 and a beta of 0.49.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook had a net margin of 39.31% and a return on equity of 28.16%. The firm had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.35 billion. During the same quarter last year, the firm posted $1.32 earnings per share. Facebook’s revenue was up 41.9% compared to the same quarter last year. sell-side analysts predict that Facebook, Inc. will post 7.08 earnings per share for the current fiscal year.

In other news, insider Christopher K. Cox sold 10,600 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $194.13, for a total value of $2,057,778.00. Following the completion of the sale, the insider now directly owns 123,482 shares in the company, valued at approximately $23,971,560.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 720,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $208.56, for a total value of $150,163,200.00. The disclosure for this sale can be found here. Insiders sold a total of 9,378,663 shares of company stock valued at $1,806,599,457 over the last quarter. Company insiders own 16.25% of the company’s stock.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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