Dupont Capital Management Corp trimmed its holdings in Facebook, Inc. (NASDAQ:FB) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 249,540 shares of the social networking company’s stock after selling 31,563 shares during the period. Facebook accounts for about 0.8% of Dupont Capital Management Corp’s portfolio, making the stock its 13th biggest position. Dupont Capital Management Corp’s holdings in Facebook were worth $32,712,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FB. FMR LLC boosted its position in shares of Facebook by 1.7% during the third quarter. FMR LLC now owns 124,255,610 shares of the social networking company’s stock worth $20,435,077,000 after buying an additional 2,132,804 shares during the period. Morgan Stanley boosted its position in shares of Facebook by 3.2% during the third quarter. Morgan Stanley now owns 25,517,710 shares of the social networking company’s stock worth $4,196,642,000 after buying an additional 799,081 shares during the period. Jennison Associates LLC boosted its position in shares of Facebook by 1.6% during the third quarter. Jennison Associates LLC now owns 15,389,527 shares of the social networking company’s stock worth $2,530,962,000 after buying an additional 242,474 shares during the period. Magellan Asset Management Ltd boosted its position in shares of Facebook by 13.8% during the third quarter. Magellan Asset Management Ltd now owns 15,168,591 shares of the social networking company’s stock worth $2,494,626,000 after buying an additional 1,835,941 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Facebook by 2.1% during the third quarter. Legal & General Group Plc now owns 10,176,516 shares of the social networking company’s stock worth $1,673,662,000 after buying an additional 205,746 shares during the period. 60.22% of the stock is owned by hedge funds and other institutional investors.

FB has been the topic of several analyst reports. Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of Facebook in a report on Wednesday, January 16th. DZ Bank upgraded Facebook from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Citigroup reiterated a “buy” rating and set a $185.00 target price (up previously from $175.00) on shares of Facebook in a report on Thursday, January 31st. Wedbush dropped their target price on Facebook to $200.00 and set a “buy” rating on the stock in a report on Monday, February 4th. Finally, Oppenheimer upped their target price on Facebook from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $206.58.

In related news, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total transaction of $142,042.50. Following the sale, the vice president now owns 98,622 shares of the company’s stock, valued at $18,678,020.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 5,300 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $160.35, for a total value of $849,855.00. Following the sale, the insider now directly owns 85,331 shares in the company, valued at approximately $13,682,825.85. The disclosure for this sale can be found here. Insiders have sold 1,496,562 shares of company stock worth $264,031,741 in the last three months. 14.53% of the stock is currently owned by company insiders.

Shares of NASDAQ FB opened at $186.27 on Thursday. The company has a market cap of $541.11 billion, a PE ratio of 24.61, a PEG ratio of 1.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.38 and a current ratio of 5.38. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $218.62.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.80). The firm had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. Facebook had a return on equity of 23.67% and a net margin of 33.17%. Facebook’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $1.69 EPS. Equities research analysts predict that Facebook, Inc. will post 8.05 earnings per share for the current year.

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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. 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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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