First Quadrant L P CA Sells 198,875 Shares of Facebook, Inc. (NASDAQ:FB)

First Quadrant L P CA lessened its position in shares of Facebook, Inc. (NASDAQ:FB) by 68.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,269 shares of the social networking company’s stock after selling 198,875 shares during the period. Facebook comprises 1.0% of First Quadrant L P CA’s holdings, making the stock its 17th largest position. First Quadrant L P CA’s holdings in Facebook were worth $12,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mission Wealth Management LP increased its stake in Facebook by 3.8% in the third quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock valued at $1,715,000 after acquiring an additional 386 shares during the last quarter. Montrusco Bolton Investments Inc. grew its stake in shares of Facebook by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 106,851 shares of the social networking company’s stock worth $17,525,000 after buying an additional 13,124 shares during the last quarter. Rovida Advisors Inc. bought a new stake in shares of Facebook during the third quarter worth $18,714,000. First American Bank acquired a new position in shares of Facebook during the third quarter worth $6,317,000. Finally, K.J. Harrison & Partners Inc lifted its holdings in shares of Facebook by 97.9% during the third quarter. K.J. Harrison & Partners Inc now owns 4,507 shares of the social networking company’s stock worth $741,000 after purchasing an additional 2,230 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

In other news, insider Christopher K. Cox sold 5,300 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $160.35, for a total value of $849,855.00. Following the completion of the sale, the insider now directly owns 85,331 shares of the company’s stock, valued at approximately $13,682,825.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total transaction of $142,042.50. Following the completion of the sale, the vice president now directly owns 98,622 shares of the company’s stock, valued at $18,678,020.58. The disclosure for this sale can be found here. In the last three months, insiders sold 1,552,312 shares of company stock worth $273,158,176. Insiders own 14.53% of the company’s stock.

FB has been the topic of a number of recent research reports. Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of Facebook in a report on Wednesday, January 16th. DZ Bank upgraded shares of Facebook from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Citigroup restated a “buy” rating and issued a $185.00 target price (up previously from $175.00) on shares of Facebook in a report on Thursday, January 31st. Wedbush dropped their target price on shares of Facebook to $200.00 and set a “buy” rating on the stock in a report on Monday, February 4th. Finally, Oppenheimer boosted their target price on shares of Facebook from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $206.58.

Shares of NASDAQ:FB traded down $0.31 during trading on Friday, reaching $188.34. The company had a trading volume of 12,521,097 shares, compared to its average volume of 17,275,188. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.38 and a quick ratio of 5.38. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $218.62. The firm has a market capitalization of $548.03 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.16 and a beta of 0.93.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, April 24th. The social networking company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). Facebook had a net margin of 33.17% and a return on equity of 23.67%. The business had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. During the same period in the prior year, the business posted $1.69 EPS. Facebook’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, equities research analysts expect that Facebook, Inc. will post 8.05 EPS for the current year.

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About Facebook

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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