Oregon Public Employees Retirement Fund cut its stake in Facebook, Inc. (NASDAQ:FB) by 52.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,004 shares of the social networking company’s stock after selling 271,860 shares during the period. Facebook comprises about 0.6% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 26th largest position. Oregon Public Employees Retirement Fund’s holdings in Facebook were worth $37,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Financial Corp IN increased its position in Facebook by 0.5% in the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock valued at $346,000 after buying an additional 11 shares in the last quarter. Enterprise Financial Services Corp increased its position in Facebook by 1.0% in the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after buying an additional 21 shares in the last quarter. Barrington Strategic Wealth Management Group LLC increased its position in Facebook by 1.3% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 2,015 shares of the social networking company’s stock valued at $232,000 after buying an additional 25 shares in the last quarter. Cordasco Financial Network increased its position in Facebook by 1.5% in the first quarter. Cordasco Financial Network now owns 2,029 shares of the social networking company’s stock valued at $288,000 after buying an additional 29 shares in the last quarter. Finally, Keel Point LLC increased its position in Facebook by 1.5% in the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after buying an additional 34 shares in the last quarter. 57.63% of the stock is currently owned by institutional investors and hedge funds.

Facebook, Inc. (NASDAQ FB) opened at 159.97 on Monday. The company has a market cap of $463.62 billion, a price-to-earnings ratio of 40.67 and a beta of 0.67. Facebook, Inc. has a 12-month low of $113.55 and a 12-month high of $160.32. The company’s 50 day moving average is $151.14 and its 200 day moving average is $138.83.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.16. Facebook had a net margin of 36.45% and a return on equity of 20.27%. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.83 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s revenue was up 49.2% compared to the same quarter last year. Analysts forecast that Facebook, Inc. will post $4.87 earnings per share for the current fiscal year.

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A number of analysts recently commented on the stock. Instinet restated a “buy” rating on shares of Facebook in a research report on Saturday, March 25th. BTIG Research upgraded shares of Facebook from a “neutral” rating to a “buy” rating and upped their price objective for the company from $139.94 to $175.00 in a research report on Tuesday, March 21st. Aegis restated a “buy” rating on shares of Facebook in a research report on Sunday, April 2nd. Jefferies Group LLC restated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. Finally, UBS AG restated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-one have given a buy rating and four have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $166.04.

In related news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $143.95, for a total value of $2,303,200.00. Following the completion of the sale, the insider now directly owns 181,431 shares of the company’s stock, valued at $26,116,992.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $141.27, for a total transaction of $105,952.50. Following the completion of the sale, the vice president now directly owns 81,330 shares of the company’s stock, valued at $11,489,489.10. The disclosure for this sale can be found here. Insiders have sold 6,418,424 shares of company stock worth $968,295,299 in the last quarter. Company insiders own 19.08% of the company’s stock.

About Facebook

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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