ING Groep NV lowered its position in Facebook, Inc. (NASDAQ:FB) by 25.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 567,421 shares of the social networking company’s stock after selling 196,516 shares during the period. Facebook comprises about 2.1% of ING Groep NV’s investment portfolio, making the stock its 10th biggest holding. ING Groep NV’s holdings in Facebook were worth $110,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FB. Cribstone Capital Management LLC grew its holdings in shares of Facebook by 186.2% in the second quarter. Cribstone Capital Management LLC now owns 624 shares of the social networking company’s stock worth $121,000 after acquiring an additional 406 shares during the period. IMA Wealth Inc. bought a new stake in shares of Facebook in the second quarter worth $122,000. Trust Department MB Financial Bank N A bought a new stake in shares of Facebook in the second quarter worth $134,000. Aviance Capital Management LLC bought a new stake in shares of Facebook in the second quarter worth $151,000. Finally, Northwest Wealth Management LLC bought a new stake in shares of Facebook in the second quarter worth $194,000. 58.42% of the stock is owned by institutional investors.

NASDAQ FB opened at $137.42 on Friday. The stock has a market capitalization of $400.69 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.87 and a beta of 0.57. Facebook, Inc. has a twelve month low of $126.85 and a twelve month high of $218.62.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $13.73 billion during the quarter, compared to analyst estimates of $13.82 billion. Facebook had a return on equity of 27.89% and a net margin of 37.57%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. On average, research analysts forecast that Facebook, Inc. will post 7.36 EPS for the current year.

FB has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Facebook in a report on Monday, September 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Facebook in a report on Monday, September 3rd. Stifel Nicolaus reissued a “buy” rating and set a $202.00 price target on shares of Facebook in a report on Thursday, August 23rd. Wells Fargo & Co reissued a “buy” rating and set a $220.00 price target on shares of Facebook in a report on Thursday, August 23rd. Finally, Barclays reissued a “buy” rating and set a $180.00 price target on shares of Facebook in a report on Friday, September 14th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $191.80.

In other news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $166.07, for a total value of $9,133,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $163.25, for a total value of $122,437.50. Following the completion of the sale, the vice president now owns 96,144 shares in the company, valued at $15,695,508. The disclosure for this sale can be found here. In the last ninety days, insiders sold 518,103 shares of company stock valued at $79,159,534. Corporate insiders own 17.23% of the company’s stock.

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Facebook Company Profile

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 (NASDAQ:FB)

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