Falcon Edge Capital LP Sells 41,500 Shares of Facebook Inc (FB)

Falcon Edge Capital LP trimmed its holdings in shares of Facebook Inc (NASDAQ:FB) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,700 shares of the social networking company’s stock after selling 41,500 shares during the period. Facebook makes up about 5.8% of Falcon Edge Capital LP’s portfolio, making the stock its 4th biggest position. Falcon Edge Capital LP’s holdings in Facebook were worth $32,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Fin Capital Inc. raised its position in Facebook by 1.7% during the first quarter. Blue Fin Capital Inc. now owns 25,044 shares of the social networking company’s stock worth $3,557,000 after acquiring an additional 411 shares during the period. Winch Advisory Services LLC raised its position in Facebook by 11.9% during the first quarter. Winch Advisory Services LLC now owns 21,079 shares of the social networking company’s stock worth $2,994,000 after acquiring an additional 2,239 shares during the period. C WorldWide Group Holding A S raised its position in Facebook by 8.0% during the first quarter. C WorldWide Group Holding A S now owns 2,888,006 shares of the social networking company’s stock worth $410,242,000 after acquiring an additional 213,758 shares during the period. Webster Bank N. A. raised its position in Facebook by 3.8% during the first quarter. Webster Bank N. A. now owns 28,076 shares of the social networking company’s stock worth $3,988,000 after acquiring an additional 1,038 shares during the period. Finally, Eads & Heald Investment Counsel raised its position in Facebook by 8.6% during the first quarter. Eads & Heald Investment Counsel now owns 16,452 shares of the social networking company’s stock worth $2,337,000 after acquiring an additional 1,309 shares during the period. Hedge funds and other institutional investors own 57.86% of the company’s stock.

A number of equities analysts have weighed in on FB shares. SunTrust Banks started coverage on shares of Facebook in a research report on Tuesday, August 15th. They set a “buy” rating and a $210.00 price objective for the company. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $174.15 price objective for the company in a research report on Monday, August 21st. Robert W. Baird restated a “buy” rating and set a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Pivotal Research restated a “sell” rating and set a $140.00 price objective on shares of Facebook in a research report on Wednesday, September 6th. Finally, Mizuho reaffirmed a “buy” rating and set a $230.00 target price on shares of Facebook in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $200.73.

In other news, CEO Mark Zuckerberg sold 247,452 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $171.75, for a total transaction of $42,499,881.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the sale, the vice president now directly owns 92,591 shares in the company, valued at approximately $15,204,368.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,027,649 shares of company stock valued at $896,849,901. 17.23% of the stock is currently owned by insiders.

Shares of Facebook Inc (NASDAQ FB) opened at $179.04 on Tuesday. The stock has a market cap of $520,500.00, a PE ratio of 34.49, a P/E/G ratio of 1.14 and a beta of 0.69. Facebook Inc has a 1-year low of $114.77 and a 1-year high of $184.25.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company 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 quarter last year, the firm posted $1.09 earnings per share. analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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Facebook Company 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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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