KAMES CAPITAL plc decreased its holdings in Facebook Inc (NASDAQ:FB) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 916,961 shares of the social networking company’s stock after selling 45,105 shares during the quarter. Facebook accounts for about 4.1% of KAMES CAPITAL plc’s holdings, making the stock its largest holding. KAMES CAPITAL plc’s holdings in Facebook were worth $161,862,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Facebook by 3.4% during 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 acquiring an additional 231,883 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Facebook by 0.5% during 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 acquiring an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Facebook by 2.9% during the third quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after acquiring an additional 11,940 shares during the last quarter. Birinyi Associates Inc. raised its holdings in shares of Facebook by 11.7% during the second quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Meridian Management Co. acquired a new position in shares of Facebook during the second quarter valued at approximately $1,706,000. 58.48% of the stock is owned by institutional investors.
In related news, CFO David M. Wehner sold 14,901 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $178.79, for a total value of $2,664,149.79. Following the completion of the transaction, the chief financial officer now directly owns 72,512 shares in the company, valued at $12,964,420.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 220,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total value of $39,025,800.00. The disclosure for this sale can be found here. Insiders sold 4,945,155 shares of company stock valued at $886,119,243 over the last quarter. 17.23% of the stock is currently owned by company insiders.
A number of brokerages have commented on FB. Credit Suisse Group reissued an “outperform” rating and set a $232.00 target price (up previously from $230.00) on shares of Facebook in a report on Monday, January 8th. Stifel Nicolaus cut Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Barclays increased their target price on Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Robert W. Baird set a $225.00 target price on Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $214.70.
Facebook Inc (FB) opened at $184.19 on Thursday. The firm has a market capitalization of $528,361.44, a P/E ratio of 34.17, a P/E/G ratio of 0.94 and a beta of 0.64. Facebook Inc has a 52-week low of $137.60 and a 52-week high of $195.32.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. analysts expect that Facebook Inc will post 7.28 EPS for the current fiscal year.
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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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