Facebook Inc (FB) is ACT II Management LP’s 5th Largest Position

ACT II Management LP reduced its stake in Facebook Inc (NASDAQ:FB) by 8.2% during the fourth quarter, Holdings Channel reports. The firm owned 77,868 shares of the social networking company’s stock after selling 7,000 shares during the period. Facebook comprises about 6.5% of ACT II Management LP’s portfolio, making the stock its 5th largest position. ACT II Management LP’s holdings in Facebook were worth $8,959,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Sadoff Investment Management LLC raised its position in Facebook by 1.6% in the third quarter. Sadoff Investment Management LLC now owns 1,857 shares of the social networking company’s stock valued at $238,000 after buying an additional 29 shares in the last quarter. Central Bank & Trust Co. raised its position in Facebook by 3,683.7% in the third quarter. Central Bank & Trust Co. now owns 10,897 shares of the social networking company’s stock valued at $1,398,000 after buying an additional 10,609 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in Facebook by 15.8% in the third quarter. Oliver Luxxe Assets LLC now owns 8,157 shares of the social networking company’s stock valued at $1,046,000 after buying an additional 1,111 shares in the last quarter. First American Bank raised its position in Facebook by 37.1% in the third quarter. First American Bank now owns 9,587 shares of the social networking company’s stock valued at $1,230,000 after buying an additional 2,592 shares in the last quarter. Finally, F&V Capital Management LLC raised its position in Facebook by 36.1% in the third quarter. F&V Capital Management LLC now owns 5,375 shares of the social networking company’s stock valued at $689,000 after buying an additional 1,425 shares in the last quarter. 57.00% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc (NASDAQ:FB) opened at 139.94 on Tuesday. The firm has a 50-day moving average of $135.30 and a 200-day moving average of $127.29. Facebook Inc has a 12-month low of $106.31 and a 12-month high of $140.34. The firm has a market cap of $404.42 billion, a P/E ratio of 40.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.47 billion. Facebook had a net margin of 34.33% and a return on equity of 19.05%. The business’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. On average, equities analysts forecast that Facebook Inc will post $5.42 earnings per share for the current fiscal year.

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FB has been the subject of several recent research reports. Susquehanna Bancshares Inc lifted their price target on Facebook to $180.00 in a research report on Thursday, February 2nd. Mizuho lifted their price target on Facebook to $148.00 in a research report on Thursday, February 2nd. Wedbush lifted their price target on Facebook to $175.00 in a research report on Thursday, February 2nd. Pacific Crest dropped their price target on Facebook to $150.00 in a research report on Thursday, February 2nd. Finally, Deutsche Bank AG lifted their price target on Facebook to $155.00 in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and four have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $154.31.

In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $118.10, for a total value of $88,575.00. Following the sale, the vice president now owns 79,859 shares of the company’s stock, valued at $9,431,347.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 798,076 shares of Facebook stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $119.04, for a total transaction of $95,002,967.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,643,863 shares of company stock worth $620,557,756. Insiders own 19.08% of the company’s stock.

About Facebook

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.

5 Day Chart for NASDAQ:FB

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