Whalerock Point Partners LLC cut its holdings in shares of Facebook Inc (NASDAQ:FB) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 26,840 shares of the social networking company’s stock after selling 1,593 shares during the quarter. Facebook makes up 1.5% of Whalerock Point Partners LLC’s holdings, making the stock its 10th largest position. Whalerock Point Partners LLC’s holdings in Facebook were worth $4,736,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in FB. Janus Henderson Group PLC grew its position in Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after buying an additional 8,788,743 shares during the last quarter. Truepoint Inc. grew its position in Facebook by 16,822.1% in the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock valued at $6,137,000 after buying an additional 6,100,871 shares during the last quarter. Vanguard Group Inc. grew its position in Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. grew its position in Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Finally, Harding Loevner LP grew its position in Facebook by 229.7% in the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock valued at $215,130,000 after buying an additional 2,966,978 shares during the last quarter. Institutional investors and hedge funds own 58.48% of the company’s stock.
Shares of Facebook Inc (NASDAQ FB) opened at $185.09 on Friday. The company has a market capitalization of $537,686.44, a PE ratio of 30.10, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64. Facebook Inc has a fifty-two week low of $137.60 and a fifty-two week high of $195.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. analysts forecast that Facebook Inc will post 7.28 earnings per share for the current year.
In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Todd Schroepfer sold 38,050 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $174.39, for a total value of $6,635,539.50. Following the sale, the insider now owns 381,521 shares of the company’s stock, valued at approximately $66,533,447.19. The disclosure for this sale can be found here. Insiders sold a total of 4,945,155 shares of company stock valued at $886,119,243 in the last 90 days. 17.23% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on FB shares. Vetr lowered shares of Facebook from a “strong-buy” rating to a “buy” rating and set a $199.43 price objective on the stock. in a research report on Thursday, December 14th. JPMorgan Chase & Co. set a $230.00 target price on Facebook and gave the company a “buy” rating in a report on Monday, January 8th. Cowen reissued a “buy” rating and issued a $220.00 target price on shares of Facebook in a report on Thursday, January 4th. Canaccord Genuity reissued a “buy” rating and issued a $230.00 target price on shares of Facebook in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned 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 $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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