Evanson Asset Management LLC Boosted Facebook INC (FB) Stake by $6.50 Million

June 18, 2018 - By Richard Conner

Facebook, Inc. (NASDAQ:FB) LogoInvestors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It dropped, 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. Cap Sarl invested 0.24% of its portfolio in Facebook, Inc. (NASDAQ:FB). Moreover, Koshinski Asset Management has 0.82% invested in Facebook, Inc. (NASDAQ:FB). Atwood And Palmer Inc, Missouri-based fund reported 1,587 shares. Texas Yale Cap Corporation stated it has 0.07% in Facebook, Inc. (NASDAQ:FB). Liberty Mutual Grp Asset invested in 94,472 shares. Bangor Natl Bank has invested 0.25% in Facebook, Inc. (NASDAQ:FB). Perella Weinberg Prtn Management LP reported 21,211 shares. Maple Mgmt Inc invested in 0.07% or 1,719 shares. Abner Herrman And Brock Ltd Limited Liability Company stated it has 67,198 shares or 1.7% of all its holdings. Fagan Inc accumulated 55,998 shares. 1.56 million are held by Raymond James & Assocs. Stock Yards Bank & Trust And Trust has invested 0.94% of its portfolio in Facebook, Inc. (NASDAQ:FB). Beese Fulmer Mgmt owns 47,388 shares or 1.66% of their US portfolio. First Western Mngmt Co holds 1.75% or 2,304 shares in its portfolio. Alkeon Capital Management Ltd Liability Corporation holds 1.24% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 1.47M shares.

Since December 19, 2017, it had 0 buys, and 69 sales for $3.12 billion activity. 38,104 Facebook, Inc. (NASDAQ:FB) shares with value of $6.15M were sold by Schroepfer Michael Todd. 4,761 shares valued at $880,309 were sold by Wehner David M. on Monday, May 21. Koum Jan also sold $231.84M worth of Facebook, Inc. (NASDAQ:FB) on Monday, May 14. Sandberg Sheryl sold 55,000 shares worth $9.61 million. 16,500 shares were sold by Stretch Colin, worth $2.88 million. On Tuesday, February 27 the insider FISCHER DAVID B. sold $3.29 million.

Evanson Asset Management Llc increased its stake in Facebook Inc (FB) by 8.53% based on its latest 2018Q1 regulatory filing with the SEC. Evanson Asset Management Llc bought 40,888 shares as the company’s stock declined 0.01% with the market. The institutional investor held 520,306 shares of the technology company at the end of 2018Q1, valued at $83.14 million, up from 479,418 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $566.91 billion market cap company. The stock decreased 0.49% or $0.96 during the last trading session, reaching $195.85. About 21.86 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 18, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “Facebook Inc (FB) Beefs Up Instagram Videos to Challenge Rivals” on June 07, 2018, also Livetradingnews.com with their article: “Facebook, Inc. (NASDAQ:FB) Target Raised to $255.00” published on June 18, 2018, Nasdaq.com published: “Facebook, Inc. Is Headed Higher — Ignore the Macro Headline Noise” on June 08, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Nvidia: The Rally Might Just Be Getting Started” published on June 17, 2018 as well as Nasdaq.com‘s news article titled: “Facebook Inc (FB) Adds User Reviews for Ads to Identify Bad Businesses” with publication date: June 13, 2018.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 31 analysts covering Facebook Inc (NASDAQ:FB), 29 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. Facebook Inc has $275 highest and $168 lowest target. $225.57’s average target is 15.17% above currents $195.85 stock price. Facebook Inc had 63 analyst reports since December 19, 2017 according to SRatingsIntel. The stock has “Buy” rating by Wells Fargo on Monday, January 8. Aegis Capital maintained the shares of FB in report on Wednesday, January 31 with “Buy” rating. The stock has “Buy” rating by Canaccord Genuity on Wednesday, January 31. The rating was maintained by Wells Fargo with “Buy” on Tuesday, May 1. The rating was maintained by Mizuho on Thursday, February 1 with “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Strong Buy” rating by Raymond James on Thursday, April 26. The company was maintained on Wednesday, January 31 by RBC Capital Markets. As per Thursday, February 1, the company rating was maintained by BMO Capital Markets. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, April 26 by Oppenheimer. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Tuesday, January 16 by Needham.

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

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