CT Mason reduced its position in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 96.3% during the 1st quarter, Holdings Channel reports. The firm owned 1,559 shares of the social networking company’s stock after selling 40,238 shares during the quarter. CT Mason’s holdings in Facebook, Inc. Common Stock were worth $249,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Everence Capital Management Inc. grew its position in Facebook, Inc. Common Stock by 7.8% during the 4th quarter. Everence Capital Management Inc. now owns 52,985 shares of the social networking company’s stock worth $9,350,000 after acquiring an additional 3,828 shares during the last quarter. Steinberg Global Asset Management grew its position in shares of Facebook, Inc. Common Stock by 19.4% in the 4th quarter. Steinberg Global Asset Management now owns 17,381 shares of the social networking company’s stock valued at $3,067,000 after buying an additional 2,830 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Facebook, Inc. Common Stock by 3.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,221,543 shares of the social networking company’s stock valued at $215,553,000 after buying an additional 35,889 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Facebook, Inc. Common Stock by 26.8% in the 4th quarter. Meeder Asset Management Inc. now owns 75,959 shares of the social networking company’s stock valued at $13,403,000 after buying an additional 16,059 shares during the last quarter. Finally, Sandy Spring Bank grew its position in shares of Facebook, Inc. Common Stock by 3.2% in the 4th quarter. Sandy Spring Bank now owns 32,507 shares of the social networking company’s stock valued at $5,737,000 after buying an additional 1,002 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

In related news, CFO David M. Wehner sold 9,522 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $180.20, for a total transaction of $1,715,864.40. Following the transaction, the chief financial officer now directly owns 77,302 shares of the company’s stock, valued at approximately $13,929,820.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David B. Fischer sold 18,096 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $185.88, for a total value of $3,363,684.48. Following the transaction, the vice president now directly owns 95,365 shares in the company, valued at $17,726,446.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,271,334 shares of company stock worth $2,576,976,314. 16.25% of the stock is owned by company insiders.

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 company has a market cap 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 posted its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.35 billion. During the same period last year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. analysts anticipate that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

A number of equities research analysts have commented on FB shares. Wedbush set a $260.00 price target on Facebook, Inc. Common Stock and gave the company a “buy” rating in a research report on Monday, April 23rd. JPMorgan Chase & Co. set a $242.00 price target on Facebook, Inc. Common Stock and gave the company a “buy” rating in a research report on Thursday, April 26th. Mizuho reiterated a “buy” rating and issued a $255.00 price target on shares of Facebook, Inc. Common Stock in a research report on Thursday, April 26th. Barclays reduced their price target on Facebook, Inc. Common Stock from $225.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, April 26th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on Facebook, Inc. Common Stock from $175.00 to $202.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $209.46.

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.

Recommended Story: Stock Symbol

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. Common Stock (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

Receive News & Ratings for Facebook Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.