WINTON GROUP Ltd trimmed its position in Facebook Inc (NASDAQ:FB) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,152 shares of the social networking company’s stock after selling 11,122 shares during the quarter. Facebook makes up approximately 2.6% of WINTON GROUP Ltd’s portfolio, making the stock its largest position. WINTON GROUP Ltd’s holdings in Facebook were worth $82,385,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. raised its position in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after acquiring an additional 4,032,727 shares in the last quarter. Magellan Asset Management Ltd raised its position in Facebook by 28.4% during the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock valued at $1,613,516,000 after acquiring an additional 2,361,166 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Facebook by 19.0% during the third quarter. American Century Companies Inc. now owns 11,722,161 shares of the social networking company’s stock valued at $2,002,966,000 after acquiring an additional 1,873,961 shares in the last quarter. Institutional investors own 57.67% of the company’s stock.
In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $179.29, for a total transaction of $134,467.50. Following the completion of the sale, the vice president now owns 86,296 shares in the company, valued at approximately $15,472,009.84. The disclosure for this sale can be found here. Insiders have sold 1,209,309 shares of company stock worth $216,556,536 in the last quarter. Corporate insiders own 17.23% of the company’s stock.
Shares of Facebook Inc (NASDAQ:FB) opened at $177.36 on Friday. Facebook Inc has a 52 week low of $132.90 and a 52 week high of $195.32. The firm has a market cap of $507,790.00, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 0.93 and a beta of 0.58.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The firm had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. equities research analysts expect that Facebook Inc will post 7.28 earnings per share for the current fiscal year.
Several brokerages recently weighed in on FB. Pivotal Research reaffirmed a “sell” rating and set a $152.00 price objective on shares of Facebook in a research report on Monday, February 12th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.11 price objective on the stock in a research report on Monday, February 5th. Argus raised their price objective on shares of Facebook from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho raised their price objective on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Goldman Sachs Group set a $225.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus 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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