Vontobel Asset Management Inc. lowered its stake in shares of Facebook Inc (NASDAQ:FB) by 29.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,191,481 shares of the social networking company’s stock after selling 505,239 shares during the quarter. Facebook accounts for 1.5% of Vontobel Asset Management Inc.’s portfolio, making the stock its 25th biggest position. Vontobel Asset Management Inc.’s holdings in Facebook were worth $215,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Regal Investment Advisors LLC grew its stake in Facebook by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares during the period. Aspen Investment Management Inc grew its stake in Facebook by 0.4% in the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after purchasing an additional 30 shares during the period. Fort Pitt Capital Group LLC grew its stake in Facebook by 2.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 1,609 shares of the social networking company’s stock valued at $243,000 after purchasing an additional 38 shares during the period. Regal Wealth Group Inc. grew its stake in Facebook by 3.7% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,192 shares of the social networking company’s stock valued at $180,000 after purchasing an additional 42 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its stake in Facebook by 1.9% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 2,346 shares of the social networking company’s stock valued at $354,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 58.45% of the company’s stock.

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In other Facebook news, insider Michael Todd Schroepfer sold 38,024 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $182.53, for a total value of $6,940,520.72. Following the sale, the insider now owns 465,130 shares of the company’s stock, valued at approximately $84,900,178.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $179.76, for a total value of $134,820.00. Following the completion of the sale, the vice president now directly owns 82,546 shares in the company, valued at approximately $14,838,468.96. The disclosure for this sale can be found here. Insiders have sold a total of 4,945,155 shares of company stock worth $886,119,243 in the last three months. 17.23% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the company. BidaskClub downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Saturday, March 3rd. Pivotal Research restated a “sell” rating and issued a $152.00 price objective on shares of Facebook in a research note on Monday, February 12th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price objective for the company in a research note on Monday, February 5th. Argus upped their price objective on Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Mizuho upped their price objective on Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-one have given a buy rating and two have given a strong buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus target price of $214.70.

Shares of Facebook stock opened at $185.09 on Monday. The stock has a market capitalization of $537,686.44, a PE ratio of 34.34, a P/E/G ratio of 0.96 and a beta of 0.64. Facebook Inc has a 1-year low of $137.60 and a 1-year high of $195.32.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current year.

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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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