Facebook, Inc. (NASDAQ:FB) Stock Holdings Lifted by SeaCrest Wealth Management LLC

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SeaCrest Wealth Management LLC lifted its holdings in Facebook, Inc. (NASDAQ:FB) by 27.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,856 shares of the social networking company’s stock after buying an additional 4,731 shares during the quarter. Facebook makes up 0.8% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. SeaCrest Wealth Management LLC’s holdings in Facebook were worth $3,646,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Mattern Wealth Management LLC lifted its position in shares of Facebook by 5.3% in the 1st quarter. Mattern Wealth Management LLC now owns 1,351 shares of the social networking company’s stock worth $225,000 after buying an additional 68 shares during the last quarter. Ninety One SA PTY Ltd lifted its position in shares of Facebook by 5.5% in the 1st quarter. Ninety One SA PTY Ltd now owns 16,198 shares of the social networking company’s stock worth $2,738,000 after buying an additional 843 shares during the last quarter. 1623 Capital LLC lifted its position in shares of Facebook by 10.2% in the 1st quarter. 1623 Capital LLC now owns 21,716 shares of the social networking company’s stock worth $3,622,000 after buying an additional 2,018 shares during the last quarter. Maryland Capital Management lifted its position in shares of Facebook by 10.8% in the 1st quarter. Maryland Capital Management now owns 86,671 shares of the social networking company’s stock worth $14,457,000 after buying an additional 8,462 shares during the last quarter. Finally, WT Wealth Management lifted its position in shares of Facebook by 12.8% in the 1st quarter. WT Wealth Management now owns 4,460 shares of the social networking company’s stock worth $744,000 after buying an additional 505 shares during the last quarter. Institutional investors own 65.14% of the company’s stock.

In other Facebook news, CRO David B. Fischer sold 13,103 shares of Facebook stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $225.21, for a total value of $2,950,926.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $240.00, for a total transaction of $46,560.00. Following the completion of the sale, the vice president now owns 3,664 shares of the company’s stock, valued at $879,360. The disclosure for this sale can be found here. Insiders sold 68,591 shares of company stock valued at $14,817,278 over the last quarter. Corporate insiders own 14.14% of the company’s stock.

Several analysts recently weighed in on the stock. Goldman Sachs Group lifted their price objective on shares of Facebook from $170.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TheStreet upgraded shares of Facebook from a “c+” rating to a “b” rating in a research report on Thursday, April 30th. Canaccord Genuity lifted their price objective on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer lifted their price objective on shares of Facebook from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, BidaskClub downgraded shares of Facebook from a “strong-buy” rating to a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average target price of $242.74.

Shares of FB stock traded down $2.63 during trading on Tuesday, hitting $229.28. 775,443 shares of the company were exchanged, compared to its average volume of 23,960,940. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.60 and a current ratio of 4.60. The firm has a market capitalization of $660.73 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 1.63 and a beta of 1.17. The business’s 50-day simple moving average is $203.59 and its 200 day simple moving average is $197.89. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $240.90.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.07). The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. On average, equities analysts forecast that Facebook, Inc. will post 7.27 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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