KAMES CAPITAL plc Decreases Stake in Facebook, Inc. (FB)

KAMES CAPITAL plc decreased its position in Facebook, Inc. (NASDAQ:FB) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 916,961 shares of the social networking company’s stock after selling 45,105 shares during the quarter. Facebook comprises 4.1% of KAMES CAPITAL plc’s investment portfolio, making the stock its largest holding. KAMES CAPITAL plc’s holdings in Facebook were worth $161,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Country Trust Bank lifted its holdings in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Facebook in the 3rd quarter worth approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new stake in Facebook in the 2nd quarter worth approximately $138,000. Stelac Advisory Services LLC acquired a new stake in Facebook in the 3rd quarter worth approximately $152,000. Finally, Odey Holdings AG lifted its holdings in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the last quarter. 58.46% of the stock is owned by institutional investors and hedge funds.

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Shares of NASDAQ:FB opened at $157.20 on Friday. Facebook, Inc. has a fifty-two week low of $138.81 and a fifty-two week high of $195.32. The firm has a market capitalization of $450,565.53, a price-to-earnings ratio of 25.52, a P/E/G ratio of 0.83 and a beta of 0.79.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. equities research analysts anticipate that Facebook, Inc. will post 7.19 EPS for the current fiscal year.

Several research firms recently weighed in on FB. Wells Fargo restated a “buy” rating and issued a $230.00 target price on shares of Facebook in a report on Thursday. Morgan Stanley cut their price target on Facebook from $230.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Pivotal Research reiterated a “sell” rating and set a $138.00 price target (down from $152.00) on shares of Facebook in a report on Monday, April 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $212.78.

In other news, VP David B. Fischer sold 5,587 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $187.66, for a total transaction of $1,048,456.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the sale, the insider now owns 381,521 shares in the company, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. Insiders sold 6,520,955 shares of company stock worth $1,148,179,674 over the last quarter. Company insiders own 17.23% of the company’s stock.

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Facebook Profile

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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