IBM Retirement Fund reduced its stake in Facebook, Inc. (NASDAQ:FB) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,347 shares of the social networking company’s stock after selling 361 shares during the quarter. Facebook comprises about 1.7% of IBM Retirement Fund’s portfolio, making the stock its 5th largest holding. IBM Retirement Fund’s holdings in Facebook were worth $13,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Permanens Capital L.P. purchased a new position in Facebook in the fourth quarter worth $28,000. Sowa Financial Group Inc. acquired a new position in shares of Facebook in the 4th quarter worth approximately $42,000. FSA Wealth Management LLC acquired a new position in Facebook during the 4th quarter valued at approximately $44,000. HHM Wealth Advisors LLC bought a new stake in shares of Facebook in the 1st quarter worth $41,000. Finally, Lionsbridge Wealth Management LLC acquired a new stake in shares of Facebook during the fourth quarter worth $54,000. 65.14% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on FB shares. Pivotal Research upgraded Facebook from a “sell” rating to a “hold” rating and upped their price objective for the company from $167.00 to $225.00 in a research note on Thursday, April 30th. MKM Partners raised their price objective on shares of Facebook from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JMP Securities boosted their price objective on shares of Facebook from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Wedbush restated an “outperform” rating and issued a $250.00 target price on shares of Facebook in a report on Thursday, April 16th. Finally, Nomura Instinet upped their price objective on shares of Facebook from $253.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $247.50.

NASDAQ:FB traded up $2.72 during mid-day trading on Wednesday, reaching $243.58. The company’s stock had a trading volume of 29,707,514 shares, compared to its average volume of 27,222,368. The company’s fifty day simple moving average is $230.76 and its two-hundred day simple moving average is $203.92. The stock has a market cap of $685.32 billion, a P/E ratio of 33.42, a P/E/G ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $247.65.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.07). The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 earnings per share. Sell-side analysts expect that Facebook, Inc. will post 7.19 EPS for the current fiscal year.

In related news, CRO David B. Fischer sold 13,103 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $225.21, for a total transaction of $2,950,926.63. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Newstead sold 970 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $207.75, for a total value of $201,517.50. Following the sale, the vice president now owns 600 shares in the company, valued at $124,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,076 shares of company stock worth $14,963,286. Company insiders own 14.14% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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