Mar Vista Investment Partners LLC cut its stake in Facebook, Inc. (NASDAQ:FB) by 12.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 529,446 shares of the social networking company’s stock after selling 77,129 shares during the period. Facebook comprises approximately 3.1% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 15th largest position. Mar Vista Investment Partners LLC’s holdings in Facebook were worth $75,208,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FB. Viking Global Investors LP boosted its stake in shares of Facebook by 1.2% in the fourth quarter. Viking Global Investors LP now owns 18,978,163 shares of the social networking company’s stock worth $2,183,438,000 after buying an additional 228,753 shares during the period. Norges Bank purchased a new stake in shares of Facebook during the fourth quarter worth approximately $2,046,500,000. Loomis Sayles & Co. L P boosted its stake in shares of Facebook by 4.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 12,789,217 shares of the social networking company’s stock worth $1,471,399,000 after buying an additional 493,666 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock worth $954,746,000 after buying an additional 71,206 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock worth $582,441,000 after buying an additional 620,686 shares during the period. 57.62% of the stock is currently owned by institutional investors.

Facebook, Inc. (FB) opened at 169.62 on Friday. The company’s 50 day moving average is $157.40 and its 200-day moving average is $145.43. The company has a market cap of $492.61 billion, a price-to-earnings ratio of 37.96 and a beta of 0.70. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The firm’s revenue was up 44.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, analysts expect that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

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A number of brokerages have commented on FB. UBS AG reaffirmed a “buy” rating and set a $165.00 price target on shares of Facebook in a research report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $192.00 price target (up previously from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Piper Jaffray Companies upped their price target on shares of Facebook to $195.00 and gave the company a “positive” rating in a research report on Thursday, July 27th. Aegis reaffirmed a “buy” rating and set a $200.00 price target (up previously from $185.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Robert W. Baird set a $185.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and four have issued a strong buy rating to the stock. Facebook has an average rating of “Buy” and a consensus price target of $180.91.

In other Facebook news, Director Susan Desmond-Hellmann sold 209 shares of Facebook stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total transaction of $30,236.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction on Monday, May 8th. The stock was sold at an average price of $150.05, for a total transaction of $2,400,800.00. Following the sale, the insider now directly owns 165,431 shares in the company, valued at approximately $24,822,921.55. The disclosure for this sale can be found here. In the last three months, insiders sold 10,221,032 shares of company stock valued at $1,612,554,682. 19.08% of the stock is owned by insiders.

Facebook Company 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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