FDx Advisors Inc. cut its position in Facebook Inc (NASDAQ:FB) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,687 shares of the social networking company’s stock after selling 4,602 shares during the period. FDx Advisors Inc.’s holdings in Facebook were worth $13,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. boosted its stake in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Capital World Investors raised its position in Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the period. Northern Trust Corp raised its position in Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the period. Finally, Jennison Associates LLC raised its position in Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after purchasing an additional 1,219,412 shares during the period. 57.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a research report on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and issued a $215.00 target price (up previously from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank of Canada restated a “buy” rating and issued a $195.00 target price on shares of Facebook in a research report on Friday, October 13th. Finally, Wedbush restated an “outperform” rating and issued a $230.00 target price (up previously from $225.00) on shares of Facebook in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and a consensus price target of $202.86.

In other news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $175.20, for a total transaction of $2,803,200.00. Following the completion of the transaction, the insider now directly owns 172,871 shares of the company’s stock, valued at approximately $30,286,999.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 238,715 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $178.03, for a total value of $42,498,431.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,181,449 shares of company stock worth $752,592,962. 17.23% of the stock is owned by company insiders.

Shares of Facebook Inc (NASDAQ FB) opened at $181.29 on Friday. Facebook Inc has a 1-year low of $126.78 and a 1-year high of $188.90. The firm has a market capitalization of $531,160.00, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter in the prior year, the business earned $1.09 EPS. Facebook’s revenue was up 47.3% on a year-over-year basis. analysts forecast that Facebook Inc will post 5.86 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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