B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its position in Facebook Inc (NASDAQ:FB) by 7.5% during the first quarter, Holdings Channel reports. The firm owned 57,247 shares of the social networking company’s stock after selling 4,648 shares during the period. Facebook comprises 0.9% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s portfolio, making the stock its 28th largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Facebook were worth $8,132,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. HCR Wealth Advisors purchased a new position in Facebook during the fourth quarter worth $3,091,000. Independent Advisor Alliance purchased a new position in Facebook during the fourth quarter worth $6,418,000. M Holdings Securities Inc. raised its position in Facebook by 15.4% in the fourth quarter. M Holdings Securities Inc. now owns 14,088 shares of the social networking company’s stock worth $1,621,000 after buying an additional 1,885 shares during the period. Howard Capital Management raised its position in Facebook by 2.8% in the first quarter. Howard Capital Management now owns 134,712 shares of the social networking company’s stock worth $19,136,000 after buying an additional 3,726 shares during the period. Finally, Patten & Patten Inc. TN raised its position in Facebook by 14.0% in the first quarter. Patten & Patten Inc. TN now owns 9,785 shares of the social networking company’s stock worth $1,390,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 57.60% of the company’s stock.

Shares of Facebook Inc (NASDAQ FB) traded up 0.41% during midday trading on Friday, reaching $168.08. The company’s stock had a trading volume of 13,791,153 shares. The company has a market capitalization of $488.14 billion, a price-to-earnings ratio of 37.62 and a beta of 0.70. Facebook Inc has a 52-week low of $113.55 and a 52-week high of $175.49. The stock has a 50 day moving average price of $161.50 and a 200-day moving average price of $147.44.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 24.25% and a net margin of 41.78%. The firm’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities research analysts expect that Facebook Inc will post $5.33 EPS for the current year.

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FB has been the topic of a number of analyst reports. Pacific Crest reiterated an “overweight” rating and issued a $155.00 price objective on shares of Facebook in a research report on Monday, April 24th. Needham & Company LLC lifted their price objective on shares of Facebook from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Wedbush set a $185.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, May 4th. Morgan Stanley reiterated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Thursday, May 4th. Finally, Nomura set a $165.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $182.00.

In other news, insider Michael Todd Schroepfer sold 37,963 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $171.98, for a total transaction of $6,528,876.74. Following the completion of the sale, the insider now owns 882,427 shares in the company, valued at $151,759,795.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jan Koum sold 3,600,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,221,076 shares of company stock valued at $1,613,683,519. 19.08% of the stock is currently owned by corporate insiders.

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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