Facebook, Inc. (FB) Stake Decreased by Gotham Asset Management LLC

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12 September, 2017

Peak Asset Management Ltd Co invested 0.23% of its portfolio in Facebook Inc (NASDAQ:FB). The institutional investor owned 12,158 shares of the social networking company's stock after selling 50 shares during the period. Facebook makes up approximately 10.1% of Sylebra HK Co Ltd's portfolio, making the stock its 5th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Renaissance Investment Group LLC boosted its stake in shares of Facebook by 11.3% during the first quarter. Blue Fin Capital Inc acquired 3,659 shares as Facebook Inc Cl A (FB)'s stock rose 10.88%.

Blue Fin Capital Inc increased Facebook Inc Cl A (FB) stake by 17.45% reported in 2016Q4 SEC filing. Viking Fund Management LLC bought a new stake in Facebook during the 1st quarter valued at $142,000. Winslow Evans & Crocker Inc. increased its stake in Facebook by 0.4% in the second quarter. Finally, Trust Department MB Financial Bank N A raised its holdings in Facebook by 61.2% during the 1st quarter. Grand Jean Capital Management has an ownership of 127,250 stocks of the social networking firms shares valued $18,076,000 following acquiring an extra 15,910 shares through out the quarter. The stock of Facebook Inc (NASDAQ:FB) has "Market Outperform" rating given on Thursday, November 3 by JMP Securities. Polar Asset Prns holds 0.96% of its portfolio in Facebook Inc (NASDAQ:FB) for 304,000 shares.

In associated news, Chief Executive Officer Mark Zuckerberg unloaded 277,018 stocks of Facebook shares in a trade dated Thurs, Jun 22nd. The company has a 50 day moving average price of $169.23 and a 200 day moving average price of $152.48. The firm has a market capitalization of $496.47 billion, a P/E ratio of 38.26 and a beta of 0.76.

Facebook (NASDAQ:FB) previously released its periodic earnings reports on early Wed, Jul 26th. The social networking company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.12. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a net profit margin of 38.84% and a ROE of 21.73%. the company reported sales of $9.32 B for the period, compared to the average forecast of $9.19 B. for the same period in the prior fiscal year, the business reported $0.97 EPS. The business's revenue for the quarter was up 44.8% compared to the same quarter a year ago. While in the same Quarter Previous year, the Actual EPS was $1.09. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.19 average brokerage recommendation. Pivotal Research reissued a "sell" rating and set a $140.00 target price on shares of Facebook in a report on Wednesday, September 6th.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Vetr raised shares of Facebook from a "hold" rating to a "buy" rating and set a $174.15 target price on the stock in a report on Monday, August 28th. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Facebook by 3.7% during the first quarter. Pivotal Research maintained it with "Buy" rating and $134 target in Thursday, November 5 report. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company's stock. Deutsche Bank maintained the stock with "Buy" rating in Thursday, November 5 report. 750 Facebook Inc (NASDAQ:FB) shares with value of $112,689 were sold by Stretch Colin. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $160.38, for a total value of $5,078,111.94. Carl Domino Inc owns 12,000 shares or 0.09% of their U.S. portfolio. The disclosure for this sale can be found here. Old Mutual Global Investors UK Ltd. now owns 121,715 shares of the social networking company's stock valued at $13,909,000 after buying an additional 64,423 shares during the last quarter. Corporate insiders own 19.08% of the company's stock.

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Stocks of Facebook, (NASDAQ FB) transacted up 1.2288% on early Monday, topping $173.0507. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus. The Company enables people to share their opinions, ideas, photos and videos, and other activities.


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