Green Square Capital LLC cut its stake in shares of Facebook Inc (NASDAQ:FB) by 9.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,863 shares of the social networking company’s stock after selling 2,742 shares during the period. Green Square Capital LLC’s holdings in Facebook were worth $4,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Facebook by 3.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock valued at $1,215,867,000 after acquiring an additional 231,883 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after acquiring an additional 907 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after acquiring an additional 11,940 shares during the last quarter. Birinyi Associates Inc. increased its holdings in shares of Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Meridian Management Co. bought a new stake in shares of Facebook in the 2nd quarter valued at approximately $1,706,000. 57.71% of the stock is currently owned by institutional investors.

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In other news, VP David B. Fischer sold 5,587 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $187.66, for a total transaction of $1,048,456.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total value of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares of the company’s stock, valued at $14,456,613.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,468,702 shares of company stock valued at $618,046,701. Insiders own 17.23% of the company’s stock.

FB has been the subject of a number of research analyst reports. Morgan Stanley set a $215.00 price target on Facebook and gave the company a “buy” rating in a report on Friday, January 12th. Wells Fargo & Co reiterated an “outperform” rating and issued a $230.00 price target (up from $215.00) on shares of Facebook in a report on Monday, January 8th. Pivotal Research reiterated a “sell” rating and issued a $147.00 price target on shares of Facebook in a report on Monday, January 8th. SunTrust Banks boosted their price target on Facebook to $240.00 and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price target for the company in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $214.70.

Shares of Facebook Inc (NASDAQ FB) opened at $176.62 on Monday. The firm has a market capitalization of $513,081.09, a price-to-earnings ratio of 32.77, a PEG ratio of 0.92 and a beta of 0.64. Facebook Inc has a twelve month low of $136.08 and a twelve month high of $195.32.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. research analysts forecast that Facebook Inc will post 7.28 earnings per share for the current fiscal year.

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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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