Tredje AP fonden lessened its holdings in shares of Facebook Inc (NASDAQ:FB) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,388 shares of the social networking company’s stock after selling 12,320 shares during the quarter. Facebook comprises 1.3% of Tredje AP fonden’s investment portfolio, making the stock its 6th largest position. Tredje AP fonden’s holdings in Facebook were worth $37,829,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Facebook during the 3rd quarter valued at about $111,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Facebook during the 2nd quarter valued at about $138,000. Stelac Advisory Services LLC purchased a new position in shares of Facebook during the 3rd quarter valued at about $152,000. Odey Holdings AG raised its holdings in shares of Facebook by 5.4% during the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in shares of Facebook during the 2nd quarter valued at about $165,000. Hedge funds and other institutional investors own 57.32% of the company’s stock.
Shares of Facebook Inc (NASDAQ FB) opened at $177.91 on Thursday. Facebook Inc has a 1 year low of $133.46 and a 1 year high of $195.32. The firm has a market capitalization of $511,309.03, a P/E ratio of 33.01, a P/E/G ratio of 0.91 and a beta of 0.59.
In related news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred 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 owns 84,246 shares in the company, valued at $14,456,613.60. The disclosure for this sale can be found here. Insiders have sold 2,762,530 shares of company stock worth $490,711,179 over the last 90 days. 17.23% of the stock is currently owned by corporate insiders.
A number of equities analysts have commented on FB shares. Monness Crespi & Hardt raised Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Friday, October 27th. Wedbush set a $225.00 price target on Facebook and gave the stock a “buy” rating in a research note on Monday, October 30th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $190.00 price target on shares of Facebook in a research note on Tuesday, October 31st. Aegis lifted their price target on Facebook from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada lifted their price target on Facebook from $195.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $214.70.
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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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