DeDora Capital Inc. lowered its stake in Facebook, Inc. (NASDAQ:FB) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 8,449 shares of the social networking company’s stock after selling 173 shares during the quarter. Facebook accounts for about 1.0% of DeDora Capital Inc.’s portfolio, making the stock its 28th largest position. DeDora Capital Inc.’s holdings in Facebook were worth $1,108,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fundsmith Equity Fund L.P. acquired a new stake in shares of Facebook during the 2nd quarter worth about $1,072,219,000. FMR LLC raised its position in shares of Facebook by 1.7% during the 3rd quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock worth $20,435,077,000 after acquiring an additional 2,132,804 shares in the last quarter. Magellan Asset Management Ltd raised its position in shares of Facebook by 13.8% during the 3rd quarter. Magellan Asset Management Ltd now owns 15,168,591 shares of the social networking company’s stock worth $2,494,626,000 after acquiring an additional 1,835,941 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Facebook by 16,836.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,737,877 shares of the social networking company’s stock worth $432,530,000 after acquiring an additional 1,727,616 shares in the last quarter. Finally, Sanders Capital LLC acquired a new stake in shares of Facebook during the 3rd quarter worth about $278,939,000. 60.21% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. Argus restated a “buy” rating on shares of Facebook in a research note on Wednesday, January 9th. Deutsche Bank restated a “buy” rating and set a $195.00 price target on shares of Facebook in a research note on Friday, December 14th. Zacks Investment Research downgraded Facebook from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Bank of America restated a “buy” rating and set a $187.00 price target (down previously from $205.00) on shares of Facebook in a research note on Monday, March 18th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $192.28.

In related news, CEO Mark Zuckerberg sold 255,050 shares of Facebook stock in a transaction on Friday, April 5th. The stock was sold at an average price of $176.27, for a total transaction of $44,957,663.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Susan J.S. Taylor sold 1,442 shares of Facebook stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $162.02, for a total value of $233,632.84. Following the transaction, the chief accounting officer now directly owns 1,569 shares of the company’s stock, valued at $254,209.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 813,831 shares of company stock worth $138,298,832. Company insiders own 16.25% of the company’s stock.

Facebook stock opened at $177.58 on Wednesday. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62. The company has a market capitalization of $510.47 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, beating 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 firm had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The company’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 7.54 EPS for the current year.

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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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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. (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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