Bedrijfstakpensioenfonds Voor DE Media PNO cut its stake in shares of Facebook, Inc. (NASDAQ:FB) by 26.3% during the second quarter, Holdings Channel reports. The firm owned 176,000 shares of the social networking company’s stock after selling 62,800 shares during the period. Facebook comprises about 3.1% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 5th largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Facebook were worth $26,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Financial Corp IN boosted its stake in shares of Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock valued at $346,000 after buying an additional 11 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after buying an additional 21 shares in the last quarter. Cordasco Financial Network boosted its stake in shares of Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock valued at $288,000 after buying an additional 29 shares in the last quarter. Keel Point LLC boosted its stake in shares of Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after buying an additional 34 shares in the last quarter. Finally, Donald L. Hagan LLC boosted its stake in shares of Facebook by 0.8% in the first quarter. Donald L. Hagan LLC now owns 4,240 shares of the social networking company’s stock valued at $602,000 after buying an additional 35 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Shares of Facebook, Inc. (FB) traded up 0.12% during trading on Tuesday, reaching $172.19. 5,146,533 shares of the company traded hands. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The company has a 50-day moving average of $157.40 and a 200-day moving average of $145.43. The stock has a market capitalization of $500.07 billion, a PE ratio of 38.54 and a beta of 0.70.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The business’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. Analysts forecast that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on FB. MKM Partners reissued a “buy” rating on shares of Facebook in a research note on Monday. Mizuho reaffirmed a “buy” rating on shares of Facebook in a research report on Monday. Oppenheimer Holdings, Inc. set a $195.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird set a $185.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, JMP Securities set a $195.00 price target on shares of Facebook and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and four have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $180.91.

In other news, Director Susan Desmond-Hellmann sold 209 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $144.67, for a total value of $30,236.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $169.93, for a total transaction of $127,447.50. Following the completion of the transaction, the vice president now directly owns 83,156 shares of the company’s stock, valued at approximately $14,130,699.08. The disclosure for this sale can be found here. Insiders have sold 10,166,363 shares of company stock worth $1,604,306,533 over the last quarter. Corporate 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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