CI Investments Inc. cut its position in Facebook, Inc. Common Stock (NASDAQ:FB) by 52.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 19,533 shares of the social networking company’s stock after selling 21,767 shares during the quarter. CI Investments Inc.’s holdings in Facebook, Inc. Common Stock were worth $3,121,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Knott David M bought a new position in Facebook, Inc. Common Stock during the 1st quarter valued at $3,196,000. Lee Financial Co boosted its stake in Facebook, Inc. Common Stock by 25.0% during the 1st quarter. Lee Financial Co now owns 5,562 shares of the social networking company’s stock valued at $888,000 after acquiring an additional 1,112 shares during the last quarter. Bray Capital Advisors raised its holdings in shares of Facebook, Inc. Common Stock by 2.6% during the fourth quarter. Bray Capital Advisors now owns 24,802 shares of the social networking company’s stock worth $4,377,000 after purchasing an additional 625 shares during the period. OMERS ADMINISTRATION Corp raised its holdings in shares of Facebook, Inc. Common Stock by 2.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,600 shares of the social networking company’s stock worth $4,890,000 after purchasing an additional 700 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Facebook, Inc. Common Stock by 1.3% during the first quarter. Harvest Fund Management Co. Ltd now owns 193,846 shares of the social networking company’s stock worth $30,974,000 after purchasing an additional 2,456 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

A number of analysts have weighed in on the stock. Bank of America reissued a “buy” rating and set a $205.00 target price on shares of Facebook, Inc. Common Stock in a report on Tuesday, August 7th. MKM Partners dropped their target price on shares of Facebook, Inc. Common Stock to $230.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Zacks Investment Research cut shares of Facebook, Inc. Common Stock from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 31st. JMP Securities dropped their target price on shares of Facebook, Inc. Common Stock from $235.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Finally, ValuEngine cut shares of Facebook, Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. Facebook, Inc. Common Stock currently has an average rating of “Buy” and an average price target of $209.46.

FB stock opened at $173.80 on Friday. Facebook, Inc. Common Stock has a fifty-two week low of $149.02 and a fifty-two week high of $218.62. The stock has a market capitalization of $523.66 billion, a P/E ratio of 28.21, a PEG ratio of 1.15 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. During the same period last year, the business earned $1.32 EPS. The firm’s revenue was up 41.9% on a year-over-year basis. analysts expect that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

In other Facebook, Inc. Common Stock news, CEO Mark Zuckerberg sold 720,000 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $208.56, for a total transaction of $150,163,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $187.21, for a total transaction of $10,296,550.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,271,334 shares of company stock worth $2,576,976,314. Corporate insiders own 16.25% of the company’s stock.

About Facebook, Inc. Common Stock

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, Inc. Common Stock (NASDAQ:FB)

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