William Blair Investment Management LLC Has $78.12 Million Stock Holdings in Facebook, Inc. (NASDAQ:FB)


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William Blair Investment Management LLC decreased its stake in Facebook, Inc. (NASDAQ:FB) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,982 shares of the social networking company’s stock after selling 76,144 shares during the period. William Blair Investment Management LLC’s holdings in Facebook were worth $78,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FB. Apexium Financial LP grew its holdings in Facebook by 3.3% in the third quarter. Apexium Financial LP now owns 1,113 shares of the social networking company’s stock worth $291,000 after purchasing an additional 36 shares during the last quarter. Trellis Advisors LLC grew its holdings in Facebook by 1.6% in the third quarter. Trellis Advisors LLC now owns 2,338 shares of the social networking company’s stock worth $612,000 after purchasing an additional 37 shares during the last quarter. Column Capital Advisors LLC grew its holdings in Facebook by 1.4% in the third quarter. Column Capital Advisors LLC now owns 2,747 shares of the social networking company’s stock worth $719,000 after purchasing an additional 37 shares during the last quarter. Black Diamond Financial LLC grew its holdings in Facebook by 1.1% in the fourth quarter. Black Diamond Financial LLC now owns 3,532 shares of the social networking company’s stock worth $965,000 after purchasing an additional 37 shares during the last quarter. Finally, Barber Financial Group Inc. grew its holdings in Facebook by 4.1% in the third quarter. Barber Financial Group Inc. now owns 976 shares of the social networking company’s stock worth $256,000 after purchasing an additional 38 shares during the last quarter. 64.95% of the stock is owned by institutional investors.

In related news, VP Jennifer Newstead sold 213 shares of the company’s stock in a transaction dated Tuesday, January 12th. The shares were sold at an average price of $256.28, for a total transaction of $54,587.64. Following the completion of the sale, the vice president now owns 1,379 shares of the company’s stock, valued at approximately $353,410.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 62,250 shares of the company’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $277.06, for a total transaction of $17,246,985.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,384,833 shares of company stock valued at $374,590,627. 14.14% of the stock is owned by corporate insiders.

FB opened at $260.33 on Tuesday. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $304.67. The company has a 50-day moving average price of $265.35 and a 200 day moving average price of $270.40. The company has a market cap of $741.33 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 27th. The social networking company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.64. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The firm had revenue of $28.10 million during the quarter, compared to the consensus estimate of $26.43 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. As a group, sell-side analysts expect that Facebook, Inc. will post 9.39 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt boosted their price objective on shares of Facebook from $290.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 30th. Cowen boosted their price objective on shares of Facebook from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, January 12th. Wedbush boosted their price objective on shares of Facebook from $320.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. Canaccord Genuity boosted their price objective on shares of Facebook from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, JMP Securities boosted their price objective on shares of Facebook from $325.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $323.98.

About Facebook

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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