Facebook Inc (FB) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. lowered its position in shares of Facebook Inc (NASDAQ:FB) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 105,430 shares of the social networking company’s stock after selling 2,080 shares during the quarter. Facebook makes up approximately 1.5% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 16th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Facebook were worth $18,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FB. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Facebook by 3.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock valued at $1,215,867,000 after purchasing an additional 231,883 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Facebook by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after purchasing an additional 349,182 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Facebook by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after purchasing an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Facebook by 2.9% in the third quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after purchasing an additional 11,940 shares during the last quarter. Finally, Birinyi Associates Inc. increased its holdings in shares of Facebook by 11.7% in the second quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after purchasing an additional 3,200 shares during the last quarter. 57.32% of the stock is owned by institutional investors and hedge funds.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total value of $9,748,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David B. Fischer sold 16,621 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,219,330 shares of company stock worth $572,496,651. 17.23% of the stock is owned by insiders.

Shares of Facebook Inc (FB) opened at $183.29 on Friday. Facebook Inc has a 52 week low of $134.16 and a 52 week high of $195.32. The firm has a market capitalization of $545,250.00, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. research analysts forecast that Facebook Inc will post 7.28 EPS for the current fiscal year.

Several research analysts recently weighed in on FB shares. Monness Crespi & Hardt upgraded Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Friday, October 27th. Wedbush set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $190.00 price objective on shares of Facebook in a research report on Tuesday, October 31st. Aegis increased their price objective on Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada increased their price objective on Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $214.70.

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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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