Verde Servicos Internacionais S.A. cut its stake in Facebook, Inc. (NASDAQ:FB) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 57,177 shares of the social networking company’s stock after selling 7,362 shares during the quarter. Facebook makes up approximately 1.8% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 12th largest position. Verde Servicos Internacionais S.A.’s holdings in Facebook were worth $10,089,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FB. Beach Investment Management LLC. boosted its stake in Facebook by 999.7% in the 2nd quarter. Beach Investment Management LLC. now owns 121,630 shares of the social networking company’s stock worth $18,364,000 after purchasing an additional 110,570 shares during the period. Heritage Trust Co lifted its position in Facebook by 26.7% during the 2nd quarter. Heritage Trust Co now owns 10,203 shares of the social networking company’s stock worth $1,540,000 after buying an additional 2,148 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Facebook by 45.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,214,188 shares of the social networking company’s stock worth $334,298,000 after buying an additional 694,820 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position in Facebook by 26.7% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 9,500 shares of the social networking company’s stock worth $1,434,000 after buying an additional 2,000 shares in the last quarter. Finally, Glassman Wealth Services lifted its position in Facebook by 14.4% during the 2nd quarter. Glassman Wealth Services now owns 3,422 shares of the social networking company’s stock worth $517,000 after buying an additional 431 shares in the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.
In other Facebook news, CFO David M. Wehner sold 14,901 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $178.79, for a total value of $2,664,149.79. Following the transaction, the chief financial officer now directly owns 72,512 shares of the company’s stock, valued at approximately $12,964,420.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 290,000 shares of the stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $154.14, for a total transaction of $44,700,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,520,955 shares of company stock worth $1,148,179,674. Insiders own 17.23% of the company’s stock.
Several equities research analysts have commented on FB shares. Canaccord Genuity reissued a “buy” rating and set a $240.00 price target (up from $230.00) on shares of Facebook in a research report on Thursday, February 1st. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $202.09 price target on the stock in a research report on Tuesday, December 19th. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Macquarie reissued a “buy” rating and set a $200.00 price target on shares of Facebook in a research report on Tuesday, March 20th. Finally, JPMorgan Chase set a $242.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $212.78.
Facebook stock opened at $157.20 on Friday. The stock has a market capitalization of $456,666.00, a price-to-earnings ratio of 25.56, a P/E/G ratio of 0.85 and a beta of 0.79. Facebook, Inc. has a twelve month low of $138.81 and a twelve month high of $195.32.
Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities research analysts anticipate that Facebook, Inc. will post 7.18 earnings per share for the current 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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