Sawtooth Solutions LLC Has $3.62 Million Holdings in Facebook, Inc. (NASDAQ:FB)

Sawtooth Solutions LLC lessened its stake in shares of Facebook, Inc. (NASDAQ:FB) by 82.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,296 shares of the social networking company’s stock after selling 58,028 shares during the quarter. Facebook accounts for about 0.8% of Sawtooth Solutions LLC’s holdings, making the stock its 24th biggest position. Sawtooth Solutions LLC’s holdings in Facebook were worth $3,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Facebook in the 4th quarter valued at about $8,021,574,000. Morgan Stanley increased its holdings in shares of Facebook by 44.5% in the 4th quarter. Morgan Stanley now owns 30,382,192 shares of the social networking company’s stock valued at $8,299,199,000 after purchasing an additional 9,362,408 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Facebook by 1,791.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,405,858 shares of the social networking company’s stock valued at $18,849,000 after purchasing an additional 7,014,302 shares during the period. Cibc World Markets Corp increased its holdings in shares of Facebook by 357.0% in the 4th quarter. Cibc World Markets Corp now owns 4,219,334 shares of the social networking company’s stock valued at $1,152,553,000 after purchasing an additional 3,296,086 shares during the period. Finally, Sanders Capital LLC increased its holdings in shares of Facebook by 34.8% in the 1st quarter. Sanders Capital LLC now owns 9,213,078 shares of the social networking company’s stock valued at $2,948,108,000 after purchasing an additional 2,380,105 shares during the period. Hedge funds and other institutional investors own 65.63% of the company’s stock.

Facebook stock traded up $1.01 during midday trading on Wednesday, reaching $340.04. The stock had a trading volume of 494,529 shares, compared to its average volume of 19,321,500. The company’s fifty day moving average is $319.71. Facebook, Inc. has a 1-year low of $207.11 and a 1-year high of $339.92. The stock has a market capitalization of $964.17 billion, a PE ratio of 29.20, a P/E/G ratio of 1.25 and a beta of 1.30.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, April 28th. The social networking company reported $3.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.94. Facebook had a return on equity of 27.54% and a net margin of 35.74%. The business had revenue of $26.20 billion for the quarter, compared to analyst estimates of $23.61 billion. During the same quarter last year, the firm earned $1.71 EPS. Facebook’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities analysts predict that Facebook, Inc. will post 13.18 EPS for the current fiscal year.

A number of equities analysts recently commented on FB shares. Evercore ISI increased their price objective on Facebook from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating and set a $308.00 price objective on the stock. in a report on Tuesday, March 23rd. Mizuho increased their price objective on Facebook from $350.00 to $400.00 in a report on Thursday, April 29th. HSBC upped their target price on Facebook from $220.00 to $275.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 25th. Finally, BMO Capital Markets upped their target price on Facebook from $375.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $370.93.

In other Facebook news, CEO Mark Zuckerberg sold 77,300 shares of the business’s stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of $332.39, for a total transaction of $25,693,747.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jennifer Newstead sold 250 shares of the business’s stock in a transaction that occurred on Thursday, May 20th. The stock was sold at an average price of $313.36, for a total value of $78,340.00. Following the transaction, the vice president now directly owns 9,890 shares in the company, valued at approximately $3,099,130.40. The disclosure for this sale can be found here. Insiders have sold a total of 2,125,667 shares of company stock worth $673,497,195 in the last ninety days. Insiders own 14.01% of the company’s stock.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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