Penserra Capital Management LLC reduced its stake in shares of Facebook Inc. (NASDAQ:FB) by 92.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,023 shares of the social networking company’s stock after selling 12,596 shares during the period. Penserra Capital Management LLC’s holdings in Facebook were worth $117,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FB. State Street Corp increased its stake in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock worth $9,792,722,000 after buying an additional 1,950,433 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Facebook by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 58,452,390 shares of the social networking company’s stock worth $6,669,418,000 after buying an additional 1,308,609 shares during the period. Geode Capital Management LLC increased its stake in Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock worth $2,210,464,000 after buying an additional 690,650 shares during the period. BlackRock Group LTD increased its stake in Facebook by 6.8% in the first quarter. BlackRock Group LTD now owns 16,756,749 shares of the social networking company’s stock worth $1,911,945,000 after buying an additional 1,073,491 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Facebook by 2.8% in the first quarter. UBS Asset Management Americas Inc. now owns 13,054,915 shares of the social networking company’s stock worth $1,489,566,000 after buying an additional 350,810 shares during the period. 56.89% of the stock is currently owned by institutional investors.

Facebook Inc. (NASDAQ:FB) traded down 0.12% during midday trading on Monday, reaching $128.91. 12,350,309 shares of the company’s stock were exchanged. Facebook Inc. has a 12-month low of $85.72 and a 12-month high of $131.98. The firm has a 50-day moving average price of $125.23 and a 200 day moving average price of $117.33. The company has a market cap of $370.19 billion, a price-to-earnings ratio of 61.62 and a beta of 0.76.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The business earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was up 59.2% compared to the same quarter last year. On average, analysts expect that Facebook Inc. will post $3.94 EPS for the current fiscal year.

A number of brokerages have commented on FB. Wells Fargo & Co. restated a “buy” rating on shares of Facebook in a research note on Sunday, May 22nd. Piper Jaffray Cos. restated a “buy” rating and set a $170.00 price target on shares of Facebook in a research note on Sunday, May 22nd. Cantor Fitzgerald restated a “buy” rating on shares of Facebook in a research note on Sunday, May 22nd. Ladenburg Thalmann began coverage on shares of Facebook in a research note on Wednesday, May 25th. They set a “buy” rating for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Facebook in a research note on Thursday, May 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $149.45.

In other news, Director Jan Koum sold 566,668 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $127.19, for a total value of $72,074,502.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David B. Fischer sold 35,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $130.32, for a total transaction of $4,561,200.00. Following the completion of the sale, the vice president now directly owns 204,686 shares of the company’s stock, valued at approximately $26,674,679.52. The disclosure for this sale can be found here. 19.08% of the stock is currently owned by company insiders.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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