Facebook, Inc. (FB) Position Cut by First National Bank of Omaha

First National Bank of Omaha decreased its position in Facebook, Inc. (NASDAQ:FB) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,278 shares of the social networking company’s stock after selling 3,035 shares during the period. Facebook makes up 0.7% of First National Bank of Omaha’s holdings, making the stock its 27th biggest holding. First National Bank of Omaha’s holdings in Facebook were worth $10,655,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. New England Research & Management Inc. raised its holdings in shares of Facebook by 167.6% in the 3rd quarter. New England Research & Management Inc. now owns 6,555 shares of the social networking company’s stock worth $1,078,000 after purchasing an additional 4,105 shares during the period. Intl Fcstone Inc. raised its holdings in shares of Facebook by 8.7% in the 3rd quarter. Intl Fcstone Inc. now owns 4,054 shares of the social networking company’s stock worth $667,000 after purchasing an additional 324 shares during the period. Neumann Advisory Hong Kong Ltd raised its holdings in shares of Facebook by 2.7% in the 3rd quarter. Neumann Advisory Hong Kong Ltd now owns 380,000 shares of the social networking company’s stock worth $62,495,000 after purchasing an additional 10,000 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Facebook by 7.1% in the 3rd quarter. CENTRAL TRUST Co now owns 39,175 shares of the social networking company’s stock worth $6,443,000 after purchasing an additional 2,581 shares during the period. Finally, Benson Investment Management Company Inc. purchased a new position in shares of Facebook in the 3rd quarter worth about $2,424,000. Institutional investors and hedge funds own 60.22% of the company’s stock.

NASDAQ:FB opened at $178.87 on Wednesday. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $218.62. The company has a market cap of $521.88 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.31 and a beta of 0.88.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 30th. The social networking company reported $2.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.20. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The business had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.40 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Equities analysts forecast that Facebook, Inc. will post 7.54 earnings per share for the current fiscal year.

FB has been the topic of several analyst reports. Zacks Investment Research downgraded Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Morgan Stanley raised their price objective on Facebook from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Needham & Company LLC lowered their price objective on Facebook from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, December 21st. Deutsche Bank restated a “buy” rating and set a $200.00 price objective (up previously from $195.00) on shares of Facebook in a research note on Thursday, January 31st. Finally, Cowen restated an “outperform” rating and set a $195.00 price objective (up previously from $184.00) on shares of Facebook in a research note on Thursday, January 31st. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $192.11.

In related news, CEO Mark Zuckerberg sold 108,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $178.64, for a total transaction of $19,293,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Colin Stretch sold 9,000 shares of Facebook stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total value of $1,350,000.00. Following the sale, the vice president now directly owns 94,680 shares in the company, valued at approximately $14,202,000. The disclosure for this sale can be found here. Insiders have sold a total of 1,430,685 shares of company stock valued at $248,586,373 in the last 90 days. Insiders own 16.25% of the company’s stock.

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Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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