AGF Investments Inc. lessened its stake in shares of Facebook Inc (NASDAQ:FB) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 552,555 shares of the social networking company’s stock after selling 26,370 shares during the period. Facebook accounts for approximately 1.0% of AGF Investments Inc.’s holdings, making the stock its 22nd biggest position. AGF Investments Inc.’s holdings in Facebook were worth $94,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palisade Capital Management LLC NJ lifted its holdings in shares of Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after acquiring an additional 602 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after purchasing an additional 349,182 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after purchasing an additional 907 shares during the period. Xact Kapitalforvaltning AB raised its position in Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after purchasing an additional 11,940 shares during the period. Finally, Birinyi Associates Inc. raised its position in Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after purchasing an additional 3,200 shares during the period. 57.67% of the stock is owned by institutional investors and hedge funds.

In other Facebook news, CEO Mark Zuckerberg sold 238,715 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total value of $42,498,431.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan Koum sold 594,246 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $179.35, for a total transaction of $106,578,020.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,509,220 shares of company stock worth $271,586,498. 17.23% of the stock is currently owned by corporate insiders.

Facebook Inc (NASDAQ:FB) opened at $176.41 on Tuesday. The stock has a market cap of $512,470.00, a P/E ratio of 32.73, a P/E/G ratio of 0.92 and a beta of 0.58. Facebook Inc has a 1-year low of $132.55 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, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts anticipate that Facebook Inc will post 7.22 EPS for the current fiscal year.

A number of analysts recently weighed in on FB shares. Goldman Sachs Group set a $205.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Barclays increased their price objective on shares of Facebook from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC increased their price objective on shares of Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Atlantic Securities set a $215.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $214.70.

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Facebook Profile

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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