First Trust Advisors LP Has Increased Position in Facebook INC (FB) by $129.04 Million as Stock Value Declined

September 8, 2018 - By Carolyn Hewitt

Facebook, Inc. (NASDAQ:FB) LogoInvestors sentiment decreased to 0.87 in 2018 Q1. Its down 0.34, from 1.21 in 2017Q4. It fall, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Advent Cap Management De reported 6,000 shares or 0.02% of all its holdings. Guggenheim Cap Lc reported 0.56% of its portfolio in Facebook, Inc. (NASDAQ:FB). Moreover, Martin Currie Limited has 0.49% invested in Facebook, Inc. (NASDAQ:FB). Gateway Investment Advisers Ltd accumulated 1.82% or 1.28M shares. Dimensional Fund Advsr Limited Partnership has 0.32% invested in Facebook, Inc. (NASDAQ:FB). Gam Hldgs Ag holds 81,103 shares. West Chester Cap Advsrs has 7,191 shares. Moreover, Macroview Invest Limited Co has 0.11% invested in Facebook, Inc. (NASDAQ:FB) for 193 shares. Chatham Cap Group Incorporated has invested 0.06% in Facebook, Inc. (NASDAQ:FB). 71,703 were reported by Private Capital Advsrs. Beese Fulmer Inv has 47,388 shares for 1.66% of their portfolio. New York-based Cohen Klingenstein Limited Liability Corp has invested 0.63% in Facebook, Inc. (NASDAQ:FB). Cambridge Inv Advisors holds 259,592 shares or 0.47% of its portfolio. Monetary Mgmt Grp Inc Incorporated has 26,080 shares. Fulton Breakefield Broenniman Limited Liability Corporation invested 1.33% of its portfolio in Facebook, Inc. (NASDAQ:FB).

Since March 7, 2018, it had 0 buys, and 98 insider sales for $4.18 billion activity. Cox Christopher K sold $1.96 million worth of stock or 10,600 shares. The insider Zuckerberg Mark sold 272,128 shares worth $46.51M. Shares for $1.72M were sold by Wehner David M. on Wednesday, August 15. Sandberg Sheryl had sold 55,000 shares worth $8.57M on Monday, April 2. Another trade for 5,138 shares valued at $822,440 was made by FISCHER DAVID B. on Wednesday, April 25. Shares for $7.74 million were sold by Schroepfer Michael Todd.

First Trust Advisors Lp increased its stake in Facebook Inc (FB) by 22.65% based on its latest 2018Q1 regulatory filing with the SEC. First Trust Advisors Lp bought 811,554 shares as the company’s stock declined 0.01% with the market. The institutional investor held 4.39 million shares of the technology company at the end of 2018Q1, valued at $702.10M, up from 3.58M at the end of the previous reported quarter. First Trust Advisors Lp who had been investing in Facebook Inc for a number of months, seems to be bullish on the $470.73 billion market cap company. The stock increased 0.31% or $0.51 during the last trading session, reaching $163.04. About 23.20 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since September 8, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

First Trust Advisors Lp, which manages about $85.44B and $43.55 billion US Long portfolio, decreased its stake in Amphenol Corp New (NYSE:APH) by 72,048 shares to 498,769 shares, valued at $42.96 million in 2018Q1, according to the filing. It also reduced its holding in Charter Communications Inc N by 27,982 shares in the quarter, leaving it with 44,280 shares, and cut its stake in American Airls Group Inc (NASDAQ:AAL).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “Amazon Stock Can’t Be Stopped by Short-Seller Mania” on September 06, 2018, also Benzinga.com with their article: “Trader: Facebook Shares Are ‘Technically Damaged'” published on September 07, 2018, Nasdaq.com published: “Facebook (FB) Strikes Exclusive Media Rights Deal With UEFA” on August 17, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “5 Top Stock Trades for Monday — Should You Buy Tesla Stock Now?” published on September 08, 2018 as well as Nasdaq.com‘s news article titled: “Facebook to Build its First Data Center in Asia for $1B” with publication date: September 06, 2018.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 30 analysts covering Facebook Inc (NASDAQ:FB), 25 have Buy rating, 0 Sell and 5 Hold. Therefore 83% are positive. Facebook Inc had 56 analyst reports since March 19, 2018 according to SRatingsIntel. As per Friday, July 27, the company rating was maintained by JP Morgan. The rating was downgraded by Edward Jones on Friday, July 27 to “Hold”. Stifel Nicolaus maintained Facebook, Inc. (NASDAQ:FB) on Thursday, March 22 with “Hold” rating. The company was maintained on Monday, April 9 by KeyBanc Capital Markets. The company was downgraded on Thursday, July 26 by UBS. The stock of Facebook, Inc. (NASDAQ:FB) has “Outperform” rating given on Thursday, July 26 by Raymond James. The firm has “Buy” rating by SunTrust given on Thursday, March 29. BMO Capital Markets maintained the stock with “Market Perform” rating in Wednesday, July 25 report. The rating was maintained by Wells Fargo with “Buy” on Tuesday, May 1. The firm has “Buy” rating by Raymond James given on Tuesday, March 27.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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