Andra AP fonden Reduces Position in Facebook, Inc. (FB)

Andra AP fonden decreased its holdings in Facebook, Inc. (NASDAQ:FB) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,400 shares of the social networking company’s stock after selling 4,400 shares during the quarter. Andra AP fonden’s holdings in Facebook were worth $14,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC lifted its holdings in Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock valued at $40,366,000 after purchasing an additional 6,740 shares in the last quarter. Palisade Capital Management LLC NJ lifted its holdings in Facebook by 2.4% during the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares in the last quarter. ING Groep NV lifted its holdings in Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after purchasing an additional 37,822 shares in the last quarter. Grand Jean Capital Management Inc. lifted its holdings in Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock valued at $18,076,000 after purchasing an additional 15,910 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock valued at $1,042,000 after purchasing an additional 4,485 shares in the last quarter. 57.44% of the stock is currently owned by institutional investors.

Facebook, Inc. (NASDAQ:FB) opened at $181.86 on Wednesday. Facebook, Inc. has a 52-week low of $114.00 and a 52-week high of $182.90. The stock has a market capitalization of $519,384.16, a P/E ratio of 34.44, a PEG ratio of 1.14 and a beta of 0.67.

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

In other Facebook news, CEO Mark Zuckerberg sold 254,525 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $166.97, for a total value of $42,498,039.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $166.85, for a total value of $125,137.50. Following the completion of the transaction, the vice president now owns 96,268 shares in the company, valued at approximately $16,062,315.80. The disclosure for this sale can be found here. Insiders sold a total of 5,890,749 shares of company stock worth $1,039,269,443 in the last 90 days. 17.23% of the stock is currently owned by insiders.

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FB has been the topic of several analyst reports. Cowen and Company reaffirmed an “average” rating and set a $200.00 price target (up previously from $195.00) on shares of Facebook in a report on Wednesday, September 27th. Wedbush reaffirmed a “buy” rating on shares of Facebook in a report on Thursday, July 27th. Aegis reaffirmed a “buy” rating and set a $200.00 price target (up previously from $185.00) on shares of Facebook in a report on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and set a $190.00 price target (up previously from $180.00) on shares of Facebook in a report on Thursday, July 27th. Finally, UBS AG reaffirmed a “buy” rating and set a $190.00 price target (up previously from $168.00) on shares of Facebook in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $197.95.

Facebook Profile

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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