Robeco Institutional Asset Management B.V. lessened its position in shares of Facebook, Inc. (NASDAQ:FB) by 20.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 849,419 shares of the social networking company’s stock after selling 220,475 shares during the period. Facebook accounts for 0.8% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 22nd biggest holding. Robeco Institutional Asset Management B.V.’s holdings in Facebook were worth $128,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its stake in Facebook by 2.4% in the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock valued at $40,366,000 after purchasing an additional 6,740 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in Facebook by 2.4% in the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares in the last quarter. ING Groep NV increased its stake in Facebook by 6.9% in the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after purchasing an additional 37,822 shares in the last quarter. Grand Jean Capital Management Inc. increased its stake in Facebook by 14.3% in the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock valued at $18,076,000 after purchasing an additional 15,910 shares in the last quarter. Finally, Segment Wealth Management LLC increased its stake in Facebook by 157.5% in the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock valued at $1,042,000 after purchasing an additional 4,485 shares in the last quarter. 57.44% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook, Inc. (NASDAQ FB) opened at $181.86 on Wednesday. The firm has a market cap of $519,384.16, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67. Facebook, Inc. has a 12 month low of $114.00 and a 12 month high of $182.90.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. equities analysts forecast that Facebook, Inc. will post 5.86 EPS for the current year.

In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $166.85, for a total transaction of $125,137.50. Following the sale, the vice president now owns 96,268 shares of the company’s stock, valued at approximately $16,062,315.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jan Koum sold 2,600,000 shares of the firm’s stock in a transaction dated 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. Over the last 90 days, insiders have sold 5,890,749 shares of company stock valued at $1,039,269,443. 17.23% of the stock is owned by company insiders.

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Several equities research analysts have recently commented on the stock. Cowen and Company reissued an “outperform” rating and set a $195.00 target price on shares of Facebook in a research report on Thursday, August 10th. Citigroup Inc. reissued a “buy” rating and set a $200.00 target price on shares of Facebook in a research report on Wednesday, September 27th. Pivotal Research downgraded shares of Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Robert W. Baird reissued an “outperform” rating and set a $185.00 target price (up from $163.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have issued a strong buy rating to the company. Facebook has an average rating of “Buy” and an average target price of $197.95.

Facebook 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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