Sylebra HK Co Ltd lessened its stake in Facebook, Inc. (NASDAQ:FB) by 31.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 799,228 shares of the social networking company’s stock after selling 358,944 shares during the quarter. Facebook makes up approximately 10.1% of Sylebra HK Co Ltd’s portfolio, making the stock its 5th biggest holding. Sylebra HK Co Ltd’s holdings in Facebook were worth $113,530,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its holdings in Facebook by 20.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after acquiring an additional 120 shares during the period. Cohen Capital Management Inc. bought a new stake in Facebook during the 1st quarter valued at $121,000. Viking Fund Management LLC bought a new stake in Facebook during the 1st quarter valued at $142,000. State of Alaska Department of Revenue bought a new stake in Facebook during the 1st quarter valued at $180,000. Finally, Trust Department MB Financial Bank N A raised its holdings in Facebook by 61.2% during the 1st quarter. Trust Department MB Financial Bank N A now owns 1,346 shares of the social networking company’s stock valued at $191,000 after acquiring an additional 511 shares during the period. 57.30% of the stock is currently owned by institutional investors.
Shares of Facebook, Inc. (NASDAQ:FB) traded up 1.32% during mid-day trading on Monday, hitting $173.21. 6,999,936 shares of the stock traded hands. The firm has a 50 day moving average of $169.37 and a 200 day moving average of $152.73. The stock has a market cap of $503.04 billion, a price-to-earnings ratio of 38.77 and a beta of 0.76. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. On average, equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Pivotal Research reissued a “sell” rating and set a $140.00 target price on shares of Facebook in a report on Wednesday, September 6th. Robert W. Baird reissued a “buy” rating and set a $185.00 target price on shares of Facebook in a report on Friday, September 1st. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 target price on the stock in a report on Monday, August 28th. SunTrust Banks, Inc. assumed coverage on shares of Facebook in a report on Tuesday, August 15th. They set a “buy” rating and a $210.00 target price on the stock. Finally, Cowen and Company reissued an “outperform” rating and set a $195.00 target price on shares of Facebook in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and a consensus price target of $183.74.
In related news, Director Jan Koum sold 63,629 shares of Facebook stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $170.02, for a total value of $10,818,202.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $149.00, for a total transaction of $111,750.00. Following the completion of the transaction, the vice president now owns 86,156 shares in the company, valued at $12,837,244. The disclosure for this sale can be found here. Insiders sold a total of 12,807,956 shares of company stock worth $2,088,986,365 over the last ninety days. Corporate insiders own 19.08% of the company’s stock.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).
Receive News & Ratings for Facebook Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. and related companies with MarketBeat.com's FREE daily email newsletter.