Facebook Inc (FB) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV reduced its position in Facebook Inc (NASDAQ:FB) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,819 shares of the social networking company’s stock after selling 744 shares during the quarter. Forte Capital LLC ADV’s holdings in Facebook were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FB. Janus Henderson Group PLC lifted its holdings in shares of Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Truepoint Inc. lifted its holdings in shares of Facebook by 16,822.1% during the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after purchasing an additional 6,100,871 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. lifted its holdings in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. Finally, Harding Loevner LP lifted its holdings in shares of Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after purchasing an additional 2,966,978 shares during the period. 58.45% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts recently weighed in on the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target for the company in a report on Wednesday, January 10th. Aegis increased their price objective on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup reiterated a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $213.54.

In related news, Director Jan Koum sold 1,253,906 shares of Facebook stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $176.51, for a total transaction of $221,326,948.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the sale, the insider now owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,746,505 shares of company stock valued at $1,028,342,636. 17.23% of the stock is currently owned by company insiders.

Facebook Inc (FB) opened at $159.39 on Monday. Facebook Inc has a 52-week low of $138.77 and a 52-week high of $195.32. The firm has a market capitalization of $463,027.94, a price-to-earnings ratio of 29.57, a PEG ratio of 0.84 and a beta of 0.64.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The business had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. analysts forecast that Facebook Inc will post 7.17 earnings per share for the current fiscal year.

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Facebook Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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