Facebook Inc (FB) Stake Lowered by Private Vista LLC

Private Vista LLC trimmed its position in shares of Facebook Inc (NASDAQ:FB) by 98.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,585 shares of the social networking company’s stock after selling 94,751 shares during the period. Private Vista LLC’s holdings in Facebook were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FB. Janus Henderson Group PLC raised its position in shares of Facebook by 283.6% during the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Vanguard Group Inc. raised its position in shares of Facebook by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. raised its position in shares of Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after purchasing an additional 2,523,918 shares during the period. Finally, Magellan Asset Management Ltd raised its position in shares of Facebook by 28.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock valued at $1,613,516,000 after purchasing an additional 2,361,166 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

In related news, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the completion of the transaction, the insider now directly owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $176.23, for a total transaction of $132,172.50. Following the transaction, the vice president now directly owns 82,096 shares of the company’s stock, valued at $14,467,778.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,182,199 shares of company stock valued at $752,724,430. 17.23% of the stock is owned by corporate insiders.

Several analysts have recently commented on FB shares. Cowen restated an “average” rating and set a $200.00 price objective (up from $195.00) on shares of Facebook in a research report on Wednesday, September 27th. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Wells Fargo & Co set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 target price on shares of Facebook in a research note on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $200.00 target price on shares of Facebook in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $203.72.

Facebook Inc (FB) opened at $179.37 on Friday. Facebook Inc has a 52 week low of $126.78 and a 52 week high of $188.90. The company has a market cap of $521,214.78, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period last year, the company posted $1.09 EPS. The business’s revenue was up 47.3% on a year-over-year basis. analysts anticipate that Facebook Inc will post 5.86 EPS for the current year.

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About Facebook

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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