Icon Advisers Inc. Co. cut its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 14.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,727 shares of the social networking company’s stock after selling 11,446 shares during the period. Icon Advisers Inc. Co.’s holdings in Facebook were worth $10,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FB. Academy Capital Management Inc. TX acquired a new stake in shares of Facebook in the second quarter valued at $14,790,000. Parsec Financial Management Inc. increased its stake in shares of Facebook by 14.4% in the second quarter. Parsec Financial Management Inc. now owns 39,126 shares of the social networking company’s stock valued at $7,603,000 after buying an additional 4,912 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in shares of Facebook by 9.6% in the second quarter. Sterling Investment Advisors Ltd. now owns 4,121 shares of the social networking company’s stock valued at $800,000 after buying an additional 360 shares in the last quarter. Klingenstein Fields & Co. LLC increased its stake in shares of Facebook by 1.9% in the second quarter. Klingenstein Fields & Co. LLC now owns 194,435 shares of the social networking company’s stock valued at $37,782,000 after buying an additional 3,668 shares in the last quarter. Finally, ACG Wealth acquired a new stake in shares of Facebook in the second quarter valued at $8,797,000. Institutional investors own 60.49% of the company’s stock.

A number of brokerages recently commented on FB. Wells Fargo & Co set a $220.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Monday, October 29th. Credit Suisse Group reiterated a “buy” rating and issued a $210.00 price objective on shares of Facebook in a research report on Wednesday, October 31st. Bank of America lowered their price objective on Facebook from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th. Nomura reduced their target price on Facebook from $183.00 to $161.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Finally, Argus restated a “buy” rating on shares of Facebook in a report on Wednesday, January 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $190.62.

NASDAQ:FB opened at $167.33 on Monday. The firm has a market capitalization of $486.09 billion, a PE ratio of 22.10, a P/E/G ratio of 0.98 and a beta of 0.93. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.20. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The business had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. During the same quarter in the prior year, the business posted $1.44 EPS. Facebook’s revenue for the quarter was up 30.4% compared to the same quarter last year. As a group, research analysts anticipate that Facebook, Inc. will post 7.55 earnings per share for the current fiscal year.

In other news, insider Christopher K. Cox sold 15,900 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $150.07, for a total transaction of $2,386,113.00. Following the completion of the transaction, the insider now owns 279,684 shares in the company, valued at $41,972,177.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $171.21, for a total transaction of $128,407.50. Following the completion of the transaction, the vice president now directly owns 93,930 shares of the company’s stock, valued at approximately $16,081,755.30. The disclosure for this sale can be found here. Insiders sold a total of 453,313 shares of company stock valued at $63,751,782 in the last quarter. 16.25% of the stock is currently owned by company insiders.

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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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