Advisors Asset Management INC Continues to Hold Holding in Facebook INC (FB)

January 16, 2018 - By Ellis Scott

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It fall, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Bourgeon Capital Management Limited Liability Com holds 0.33% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 3,282 shares. Trb Advsr Ltd Partnership owns 15,000 shares for 1.9% of their portfolio. Grand Jean Capital Management owns 111,192 shares for 6.82% of their portfolio. 3,400 were reported by Ellington Management Ltd Liability. Sequoia Advisors Limited Liability Corp holds 0.19% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 9,541 shares. Fulton Bank Na has 0.71% invested in Facebook, Inc. (NASDAQ:FB) for 56,106 shares. Manufacturers Life The accumulated 6.08M shares. Uss Investment Mngmt owns 1.24 million shares or 1.63% of their US portfolio. Gw Henssler & Associate Ltd invested 0.05% of its portfolio in Facebook, Inc. (NASDAQ:FB). 1,430 were accumulated by Alethea Mngmt Limited Co. Comerica Bank, Michigan-based fund reported 689,420 shares. Polaris Greystone Finance Gp Limited Liability Com invested in 1,926 shares. Sand Hill Glob Ltd Liability Corp reported 0.07% of its portfolio in Facebook, Inc. (NASDAQ:FB). Wellington Mgmt Grp Llp invested 0.84% of its portfolio in Facebook, Inc. (NASDAQ:FB). Ironwood Inv Counsel Ltd stated it has 0.12% in Facebook, Inc. (NASDAQ:FB).

Since August 7, 2017, it had 0 insider purchases, and 39 selling transactions for $957.86 million activity. Schroepfer Michael Todd sold 38,058 shares worth $6.53M. Stretch Colin also sold $128,365 worth of Facebook, Inc. (NASDAQ:FB) shares. FISCHER DAVID B. sold $2.75M worth of stock or 16,298 shares. Zuckerberg Mark also sold $42.50M worth of Facebook, Inc. (NASDAQ:FB) on Friday, August 25. Koum Jan had sold 640,754 shares worth $109.70M on Wednesday, August 30. On Monday, August 21 Wehner David M. sold $2.59M worth of Facebook, Inc. (NASDAQ:FB) or 15,470 shares.

Advisors Asset Management Inc increased its stake in Facebook Inc (FB) by 6.53% based on its latest 2017Q3 regulatory filing with the SEC. Advisors Asset Management Inc bought 19,419 shares as the company’s stock rose 10.88% with the market. The institutional investor held 316,779 shares of the technology company at the end of 2017Q3, valued at $54.13 million, up from 297,360 at the end of the previous reported quarter. Advisors Asset Management Inc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $521.22B market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55M shares traded or 356.22% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 16, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Advisors Asset Management Inc, which manages about $16.50B and $5.97B US Long portfolio, decreased its stake in Nuveen Nasdaq 100 Dynamic Ov (QQQX) by 141,404 shares to 347,402 shares, valued at $7.69M in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 36,097 shares in the quarter, leaving it with 109,116 shares, and cut its stake in Guess Inc (NYSE:GES).

More recent Facebook, Inc. (NASDAQ:FB) news were published by: Usnews.com which released: “Facebook Watch Is a Massive Opportunity” on December 21, 2017. Also Investorplace.com published the news titled: “3 Risks That Could Take down Facebook Inc Stock” on January 10, 2018. Investorplace.com‘s news article titled: “Trouble Is Brewing for Facebook, Inc. Stock” with publication date: January 12, 2018 was also an interesting one.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook has $240.0 highest and $88 lowest target. $186.60’s average target is 4.03% above currents $179.37 stock price. Facebook had 218 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, July 30 by Mizuho. UBS maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 27 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Piper Jaffray on Wednesday, October 11. Citigroup maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 28. Citigroup has “Buy” rating and $141 target. The company was maintained on Tuesday, October 17 by Robert W. Baird. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 28. Credit Suisse has “Outperform” rating and $145 target. The firm has “Buy” rating given on Thursday, July 30 by Needham. JMP Securities maintained Facebook, Inc. (NASDAQ:FB) on Thursday, November 3 with “Market Outperform” rating. The rating was maintained by Wells Fargo on Wednesday, September 27 with “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Outperform” rating by Cowen & Co on Thursday, April 28.

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