Almanack Investment Partners LLC. reduced its stake in Facebook, Inc. (NASDAQ:FB) by 19.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,157 shares of the social networking company’s stock after selling 285 shares during the period. Almanack Investment Partners LLC.’s holdings in Facebook were worth $152,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Facebook by 1.7% during the third quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock valued at $20,435,077,000 after purchasing an additional 2,132,804 shares during the last quarter. Magellan Asset Management Ltd lifted its holdings in Facebook by 13.8% during the third quarter. Magellan Asset Management Ltd now owns 15,168,591 shares of the social networking company’s stock valued at $2,494,626,000 after purchasing an additional 1,835,941 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in Facebook by 16,836.7% during the third quarter. Rehmann Capital Advisory Group now owns 1,737,877 shares of the social networking company’s stock valued at $432,530,000 after purchasing an additional 1,727,616 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Facebook by 410.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock valued at $267,809,000 after purchasing an additional 1,642,441 shares during the last quarter. Finally, Sanders Capital LLC purchased a new stake in Facebook during the third quarter valued at about $278,939,000. 60.22% of the stock is currently owned by institutional investors.
In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $179.60, for a total transaction of $134,700.00. Following the transaction, the vice president now directly owns 100,872 shares in the company, valued at $18,116,611.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $144.93, for a total transaction of $7,971,150.00. The disclosure for this sale can be found here. Insiders have sold 1,594,435 shares of company stock worth $277,936,313 over the last quarter. Company insiders own 14.53% of the company’s stock.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.20. The company had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.40 billion. Facebook had a net margin of 39.60% and a return on equity of 27.51%. Facebook’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. On average, analysts anticipate that Facebook, Inc. will post 7.54 EPS for the current year.
Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Facebook from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research downgraded shares of Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Guggenheim raised shares of Facebook from a “neutral” rating to a “buy” rating and increased their price target for the stock from $175.00 to $200.00 in a report on Thursday, April 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $155.00 price target on shares of Facebook in a report on Thursday, March 14th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have assigned a buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus price target of $192.11.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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