First Financial Corp IN cut its stake in Facebook, Inc. (NASDAQ:FB) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,039 shares of the social networking company’s stock after selling 512 shares during the quarter. First Financial Corp IN’s holdings in Facebook were worth $360,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its stake in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after acquiring an additional 4,032,727 shares in the last quarter. Capital World Investors grew its stake in shares of Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after acquiring an additional 833,810 shares in the last quarter. Northern Trust Corp grew its stake in shares of Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after acquiring an additional 114,694 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Facebook by 1.3% in the second quarter. TIAA CREF Investment Management LLC now owns 16,088,607 shares of the social networking company’s stock worth $2,429,058,000 after purchasing an additional 198,882 shares in the last quarter. 58.46% of the stock is currently owned by institutional investors.
In other Facebook news, CEO Mark Zuckerberg sold 290,000 shares of Facebook stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $154.14, for a total transaction of $44,700,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the transaction, the insider now owns 381,521 shares in the company, valued at $71,661,089.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,520,955 shares of company stock worth $1,148,179,674. 17.23% of the stock is currently owned by company insiders.
Facebook stock traded down $2.14 during mid-day trading on Friday, hitting $157.20. The company’s stock had a trading volume of 41,644,812 shares, compared to its average volume of 52,803,052. The firm has a market cap of $456,666.00, a price-to-earnings ratio of 25.52, a price-to-earnings-growth 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 posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts predict that Facebook, Inc. will post 7.18 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Wells Fargo reiterated a “buy” rating and issued a $230.00 price target on shares of Facebook in a research note on Thursday. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Wedbush set a $260.00 price target on Facebook and gave the stock a “buy” rating in a research note on Thursday, March 29th. Finally, Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target for the company in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $212.78.
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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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