NewFocus Financial Group LLC Sells 120 Shares of Facebook, Inc. (NASDAQ:FB)

NewFocus Financial Group LLC lowered its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,971 shares of the social networking company’s stock after selling 120 shares during the period. NewFocus Financial Group LLC’s holdings in Facebook were worth $380,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after buying an additional 70,263,213 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Facebook by 19,805.8% during the second quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock worth $226,408,000 after buying an additional 2,252,709 shares during the period. Sanders Capital LLC increased its position in shares of Facebook by 132.5% during the fourth quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock worth $522,620,000 after buying an additional 2,031,500 shares during the period. Assenagon Asset Management S.A. increased its position in shares of 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 worth $267,809,000 after buying an additional 1,642,441 shares during the period. Finally, Flossbach Von Storch AG increased its position in shares of Facebook by 49.5% during the fourth quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after buying an additional 1,370,767 shares during the period. 61.88% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Colin Stretch sold 750 shares of the business’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 sale, the vice president now owns 98,622 shares in the company, valued at $18,678,020.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $200.81, for a total value of $11,044,550.00. The disclosure for this sale can be found here. Insiders sold 360,793 shares of company stock worth $67,585,618 in the last quarter. 14.53% of the stock is owned by insiders.

A number of equities research analysts have commented on FB shares. Deutsche Bank raised their price target on shares of Facebook from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. China Renaissance Securities started coverage on shares of Facebook in a report on Wednesday, May 29th. They issued a “buy” rating and a $245.00 price target for the company. Moffett Nathanson upgraded shares of Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a report on Tuesday, June 11th. Monness Crespi & Hardt raised their price target on shares of Facebook from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Citigroup raised their price target on shares of Facebook from $212.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have given a buy rating to the company. Facebook currently has a consensus rating of “Buy” and a consensus price target of $220.92.

Shares of NASDAQ:FB traded down $6.67 on Monday, hitting $182.35. 620,643 shares of the company’s stock were exchanged, compared to its average volume of 16,766,467. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66. The company has a market capitalization of $539.56 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. The stock’s 50 day simple moving average is $195.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. On average, research analysts anticipate that Facebook, Inc. will post 7.96 earnings per share for the current fiscal year.

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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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