Truewealth LLC Sells 292 Shares of Facebook, Inc. Common Stock (FB)

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Truewealth LLC reduced its stake in Facebook, Inc. Common Stock (NASDAQ:FB) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,019 shares of the social networking company’s stock after selling 292 shares during the period. Truewealth LLC’s holdings in Facebook, Inc. Common Stock were worth $642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Facebook, Inc. Common Stock by 3.6% during the fourth quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock valued at $25,793,297,000 after buying an additional 5,107,163 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Facebook, Inc. Common Stock by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after buying an additional 1,010,306 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Facebook, Inc. Common Stock by 3.1% during the fourth quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock valued at $2,669,014,000 after buying an additional 458,048 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Facebook, Inc. Common Stock by 4.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock valued at $2,221,204,000 after buying an additional 558,184 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Facebook, Inc. Common Stock by 2.1% during the fourth quarter. American Century Companies Inc. now owns 11,968,526 shares of the social networking company’s stock valued at $2,111,966,000 after buying an additional 246,365 shares during the last quarter. 59.19% of the stock is currently owned by hedge funds and other institutional investors.

FB has been the topic of several recent analyst reports. ValuEngine raised Facebook, Inc. Common Stock from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Macquarie reaffirmed a “buy” rating and set a $200.00 price objective on shares of Facebook, Inc. Common Stock in a research report on Tuesday, March 20th. Zacks Investment Research cut Facebook, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $242.00 price objective on shares of Facebook, Inc. Common Stock in a research report on Tuesday, April 10th. Finally, Pivotal Research reaffirmed a “sell” rating and set a $138.00 price objective on shares of Facebook, Inc. Common Stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-one have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $218.42.

In related news, CEO Mark Zuckerberg sold 145,000 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $155.94, for a total transaction of $22,611,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David B. Fischer sold 5,138 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Wednesday, April 25th. The shares were sold at an average price of $160.07, for a total value of $822,439.66. The disclosure for this sale can be found here. Insiders sold 14,632,809 shares of company stock worth $2,676,380,439 in the last ninety days. Corporate insiders own 17.23% of the company’s stock.

NASDAQ FB opened at $194.32 on Friday. Facebook, Inc. Common Stock has a 52 week low of $147.80 and a 52 week high of $203.55. The stock has a market capitalization of $570.05 billion, a PE ratio of 31.55, a P/E/G ratio of 1.05 and a beta of 0.84.

Facebook, Inc. Common Stock (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.25 by $0.44. Facebook, Inc. Common Stock had a return on equity of 27.74% and a net margin of 40.03%. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter last year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. research analysts expect that Facebook, Inc. Common Stock will post 7.66 EPS for the current fiscal year.

About Facebook, Inc. Common Stock

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.

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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