Aspiriant LLC reduced its stake in shares of Facebook, Inc. (NASDAQ:FB) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,853 shares of the social networking company’s stock after selling 539 shares during the quarter. Facebook accounts for approximately 1.0% of Aspiriant LLC’s portfolio, making the stock its 25th largest holding. Aspiriant LLC’s holdings in Facebook were worth $11,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AR Asset Management Inc. raised its holdings in Facebook by 19.6% during the 1st quarter. AR Asset Management Inc. now owns 12,200 shares of the social networking company’s stock valued at $1,949,000 after acquiring an additional 2,000 shares during the period. King Luther Capital Management Corp raised its holdings in Facebook by 1.4% during the 1st quarter. King Luther Capital Management Corp now owns 588,680 shares of the social networking company’s stock valued at $94,065,000 after acquiring an additional 8,031 shares during the period. Country Trust Bank raised its holdings in Facebook by 21,923.1% during the 1st quarter. Country Trust Bank now owns 124,651 shares of the social networking company’s stock valued at $19,918,000 after acquiring an additional 124,085 shares during the period. Teacher Retirement System of Texas raised its holdings in Facebook by 5.2% during the 1st quarter. Teacher Retirement System of Texas now owns 1,496,681 shares of the social networking company’s stock valued at $239,155,000 after acquiring an additional 74,244 shares during the period. Finally, Gulf International Bank UK Ltd raised its holdings in Facebook by 0.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 751,639 shares of the social networking company’s stock valued at $120,104,000 after acquiring an additional 3,252 shares during the period. Institutional investors own 58.98% of the company’s stock.

In other news, CFO David M. Wehner sold 4,761 shares of the stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $141.10, for a total transaction of $671,777.10. Following the completion of the sale, the chief financial officer now directly owns 76,830 shares in the company, valued at $10,840,713. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 602,000 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $176.67, for a total transaction of $106,355,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,739,660 shares of company stock valued at $298,124,908. 16.25% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on FB. Morgan Stanley decreased their price target on shares of Facebook from $215.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. KeyCorp reaffirmed a “buy” rating and issued a $215.00 price target (down previously from $245.00) on shares of Facebook in a report on Thursday, July 26th. Citigroup cut shares of Facebook to a “buy” rating and decreased their price target 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. Monness Crespi & Hardt decreased their price target on shares of Facebook from $225.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Finally, Wedbush reaffirmed a “buy” rating and issued a $250.00 price target on shares of Facebook in a report on Thursday, July 26th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $194.54.

NASDAQ FB opened at $132.43 on Wednesday. Facebook, Inc. has a 12-month low of $126.85 and a 12-month high of $218.62. The stock has a market cap of $405.33 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 0.85 and a beta of 0.55.

Facebook (NASDAQ:FB) last posted its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.30. The company had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 27.89%. Facebook’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. As a group, equities research analysts anticipate that Facebook, Inc. will post 7.35 EPS for the current year.

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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 (NASDAQ:FB)

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