Handelsbanken Fonder AB trimmed its position in Facebook, Inc. Common Stock (NASDAQ:FB) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,000 shares of the social networking company’s stock after selling 122,000 shares during the period. Facebook, Inc. Common Stock makes up about 1.4% of Handelsbanken Fonder AB’s holdings, making the stock its 20th biggest position. Handelsbanken Fonder AB’s holdings in Facebook, Inc. Common Stock were worth $61,200,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Marble Arch Investments LP raised its stake in shares of Facebook, Inc. Common Stock by 40.8% during the 1st quarter. Marble Arch Investments LP now owns 451,900 shares of the social networking company’s stock worth $72,209,000 after buying an additional 130,900 shares during the last quarter. Knott David M acquired a new position in shares of Facebook, Inc. Common Stock during the 1st quarter worth $3,196,000. Natixis raised its stake in shares of Facebook, Inc. Common Stock by 420.1% during the 1st quarter. Natixis now owns 789,988 shares of the social networking company’s stock worth $126,232,000 after buying an additional 638,106 shares during the last quarter. Lee Financial Co raised its stake in shares of Facebook, Inc. Common Stock by 25.0% during the 1st quarter. Lee Financial Co now owns 5,562 shares of the social networking company’s stock worth $888,000 after buying an additional 1,112 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in Facebook, Inc. Common Stock by 10.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 86,404 shares of the social networking company’s stock valued at $13,806,000 after purchasing an additional 8,213 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $168.85, for a total transaction of $126,637.50. Following the completion of the transaction, the vice president now directly owns 96,894 shares in the company, valued at approximately $16,360,551.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $192.32, for a total value of $10,577,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,290,837 shares of company stock worth $2,181,968,959. 17.23% of the stock is currently owned by corporate insiders.

Several analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $275.00 price target on shares of Facebook, Inc. Common Stock in a report on Friday, July 20th. Oppenheimer reiterated a “buy” rating and set a $200.00 target price on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Citigroup cut Facebook, Inc. Common Stock to a “buy” rating and decreased their target price for the stock from $220.00 to $210.00 in a report on Thursday, July 26th. They noted that the move was a valuation call. Deutsche Bank reiterated a “buy” rating and set a $205.00 target price on shares of Facebook, Inc. Common Stock in a report on Thursday, July 26th. Finally, Credit Suisse Group set a $265.00 target price on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a report on Monday, July 16th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Facebook, Inc. Common Stock currently has a consensus rating of “Buy” and a consensus target price of $206.33.

Shares of FB opened at $162.53 on Friday. Facebook, Inc. Common Stock has a 52-week low of $149.02 and a 52-week high of $218.62. The company has a market capitalization of $485.66 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.07 and a beta of 0.49.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The business had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. equities research analysts anticipate that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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