Legg Mason Asset Management Japan Co. Ltd. lessened its position in Facebook Inc (NASDAQ:FB) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,500 shares of the social networking company’s stock after selling 900 shares during the quarter. Facebook accounts for approximately 1.7% of Legg Mason Asset Management Japan Co. Ltd.’s portfolio, making the stock its 6th largest holding. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Facebook were worth $2,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its position in Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after buying an additional 16 shares during the period. Regal Investment Advisors LLC boosted its position in Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after buying an additional 18 shares during the period. Halbert Hargrove Russell LLC boosted its position in Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after buying an additional 19 shares during the period. Wagner Bowman Management Corp boosted its position in Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after buying an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC boosted its holdings in shares of Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after purchasing an additional 30 shares during the period. 57.86% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on FB. Pivotal Research reiterated a “sell” rating and set a $140.00 target price on shares of Facebook in a report on Wednesday, September 6th. Wells Fargo & Company reiterated an “outperform” rating and set a $215.00 target price (up from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 target price for the company in a report on Monday, August 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $195.00 target price on shares of Facebook in a report on Friday, October 13th. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 target price (up from $225.00) on shares of Facebook in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $200.73.

Facebook Inc (NASDAQ:FB) opened at $179.00 on Friday. Facebook Inc has a one year low of $114.77 and a one year high of $184.25. The firm has a market cap of $520,139.66, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. equities analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the sale, the vice president now owns 92,591 shares of the company’s stock, valued at $15,204,368.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total transaction of $468,234,000.00. The disclosure for this sale can be found here. Insiders have sold 4,932,625 shares of company stock valued at $879,469,497 in the last ninety days. Insiders own 17.23% of the company’s stock.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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