Exencial Wealth Advisors LLC Sells 649 Shares of Facebook, Inc. (FB)

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Exencial Wealth Advisors LLC cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,544 shares of the social networking company’s stock after selling 649 shares during the quarter. Facebook accounts for about 1.7% of Exencial Wealth Advisors LLC’s holdings, making the stock its 9th biggest holding. Exencial Wealth Advisors LLC’s holdings in Facebook were worth $7,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. IMA Wealth Inc. bought a new stake in Facebook during the 2nd quarter valued at $122,000. Aviance Capital Management LLC bought a new stake in Facebook during the 2nd quarter valued at $151,000. Marino Stram & Associates LLC raised its holdings in Facebook by 115.3% during the 2nd quarter. Marino Stram & Associates LLC now owns 945 shares of the social networking company’s stock valued at $184,000 after buying an additional 506 shares during the last quarter. Arlington Partners LLC bought a new stake in Facebook during the 3rd quarter valued at $164,000. Finally, Lenox Wealth Management Inc. raised its holdings in Facebook by 65.5% during the 3rd quarter. Lenox Wealth Management Inc. now owns 1,023 shares of the social networking company’s stock valued at $168,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 58.12% of the company’s stock.

A number of equities research analysts recently commented on the stock. Wedbush lowered their price target on shares of Facebook to $200.00 and set a “buy” rating for the company in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a report on Monday, February 4th. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Argus reiterated a “buy” rating on shares of Facebook in a report on Friday, February 1st. Finally, CIBC reiterated an “outperform” rating and set a $195.00 price target (up from $185.00) on shares of Facebook in a report on Thursday, January 31st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and forty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $190.62.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $171.21, for a total value of $128,407.50. Following the transaction, the vice president now owns 93,930 shares in the company, valued at approximately $16,081,755.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $143.34, for a total transaction of $7,883,700.00. The disclosure for this sale can be found here. Insiders sold a total of 453,313 shares of company stock worth $63,751,782 over the last ninety days. Insiders own 16.25% of the company’s stock.

NASDAQ:FB opened at $167.33 on Monday. The stock has a market capitalization of $486.09 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.98 and a beta of 0.93. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.20. The firm had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. As a group, research analysts anticipate that Facebook, Inc. will post 7.55 earnings per share for the current fiscal year.

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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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