Private Vista LLC Decreases Position in Facebook Inc (FB)

Private Vista LLC reduced its stake in Facebook Inc (NASDAQ:FB) by 98.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other hedge funds also recently added to or reduced their stakes in FB. Vanguard Group Inc. grew its holdings in Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. grew its holdings in Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Capital World Investors grew its holdings in Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares during the period. Northern Trust Corp grew its holdings in Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares during the period. Finally, Jennison Associates LLC grew its holdings in Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after purchasing an additional 1,219,412 shares during the period. 57.73% of the stock is owned by institutional investors.

Facebook Inc (NASDAQ: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 firm has a market cap of $521,214.78, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the firm earned $1.09 earnings per share. The company’s quarterly revenue was up 47.3% on a year-over-year basis. equities analysts expect that Facebook Inc will post 5.86 EPS for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total value of $42,498,431.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was 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 owns 381,521 shares in the company, valued at $71,661,089.43. The disclosure for this sale can be found here. Insiders sold 4,182,199 shares of company stock worth $752,724,430 over the last quarter. Insiders own 17.23% of the company’s stock.

A number of research firms have recently commented on FB. Credit Suisse Group reiterated an “outperform” rating and set a $232.00 price target (up previously from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus cut shares of Facebook from a “buy” rating to a “hold” rating in a report on Friday. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price target on the stock in a report on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and set a $195.00 price target (up previously from $190.00) on shares of Facebook in a report on Monday, October 2nd. Finally, Wells Fargo & Co set a $215.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $203.72.

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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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