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Fusion Family Wealth LLC reduced its stake in Facebook, Inc. (NASDAQ:FB) by 54.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,560 shares of the social networking companys stock after selling 1,893 shares during the quarter. Fusion Family Wealth LLCs holdings in Facebook were worth $278,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FB. Boltwood Capital Management grew its stake in Facebook by 1.0% during the 2nd quarter. Boltwood Capital Management now owns 6,758 shares of the social networking companys stock valued at $1,304,000 after purchasing an additional 65 shares in the last quarter. Park National Corp OH grew its stake in Facebook by 0.7% during the 2nd quarter. Park National Corp OH now owns 202,943 shares of the social networking companys stock valued at $39,168,000 after purchasing an additional 1,427 shares in the last quarter. Private Trust Co. NA grew its stake in Facebook by 2.1% during the 2nd quarter. Private Trust Co. NA now owns 19,146 shares of the social networking companys stock valued at $3,695,000 after purchasing an additional 387 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Facebook by 19.8% during the 2nd quarter. Baystate Wealth Management LLC now owns 4,432 shares of the social networking companys stock valued at $855,000 after purchasing an additional 734 shares in the last quarter. Finally, Private Asset Management Inc. acquired a new stake in Facebook during the 2nd quarter valued at approximately $212,000. Institutional investors and hedge funds own 63.81% of the companys stock.

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a hold rating and issued a $205.00 target price (up previously from $180.00) on shares of Facebook in a research report on Monday, October 28th. They noted that the move was a valuation call. Wells Fargo & Co set a $260.00 target price on Facebook and gave the stock a buy rating in a research report on Friday, November 1st. Goldman Sachs Group set a $231.00 price target on Facebook and gave the stock a buy rating in a report on Wednesday, October 30th. Wedbush cut their price target on Facebook from $265.00 to $250.00 and set an outperform rating on the stock in a report on Thursday, October 31st. Finally, Aegis reissued a buy rating on shares of Facebook in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have given a buy rating to the companys stock. The stock has an average rating of Buy and a consensus price target of $228.33.

Shares of FB stock opened at $198.91 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market cap of $566.98 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The businesss fifty day moving average is $190.51 and its 200-day moving average is $187.80. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $208.66.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks consensus estimate of $1.91 by $0.21. The business had revenue of $17.65 billion for the quarter, compared to analysts expectations of $17.35 billion. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The companys quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 EPS. Equities research analysts predict that Facebook, Inc. will post 8.57 earnings per share for the current 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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Fusion Family Wealth LLC Sells 1,893 Shares of Facebook, Inc. (NASDAQ:FB) - Mitchell Messenger