Trinity Street Asset Management LLP cut its stake in Facebook, Inc. (NASDAQ:FB) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,109 shares of the social networking company’s stock after selling 2,692 shares during the period. Facebook comprises approximately 5.0% of Trinity Street Asset Management LLP’s portfolio, making the stock its 10th largest position. Trinity Street Asset Management LLP’s holdings in Facebook were worth $37,958,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Country Trust Bank grew its position in Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after buying an additional 479 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook during the third quarter worth about $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook during the second quarter worth about $138,000. Stelac Advisory Services LLC acquired a new position in Facebook during the third quarter worth about $152,000. Finally, Odey Holdings AG grew its position in Facebook by 5.4% during the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after buying an additional 54 shares during the period. 58.46% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Macquarie reiterated a “buy” rating and issued a $200.00 price target on shares of Facebook in a research report on Tuesday, March 20th. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price target on the stock in a research report on Thursday, January 25th. Aegis increased their price target on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Robert W. Baird lowered their price target on shares of Facebook from $225.00 to $210.00 and set an “outperform” rating on the stock in a research report on Monday, March 26th. Finally, Jefferies Group reiterated a “buy” rating and issued a $230.00 price target on shares of Facebook in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $212.78.
In related news, Director Jan Koum sold 1,253,906 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 5,587 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. Insiders sold 6,520,955 shares of company stock valued at $1,148,179,674 in the last three months. Company insiders own 17.23% of the company’s stock.
NASDAQ:FB traded down $2.14 during trading hours on Friday, reaching $157.20. 41,644,812 shares of the company were exchanged, compared to its average volume of 52,803,052. The company has a market cap of $456,666.00, a P/E ratio of 25.52, a P/E/G ratio of 0.85 and a beta of 0.79. Facebook, Inc. has a 52-week low of $138.81 and a 52-week high of $195.32.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. 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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