Johnston Asset Management LLC reduced its stake in shares of Facebook Inc. (NASDAQ:FB) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 125,180 shares of the social networking company’s stock after selling 7,100 shares during the period. Johnston Asset Management LLC’s holdings in Facebook were worth $14,306,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FB. State Street Corp boosted its stake in Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock valued at $9,792,722,000 after buying an additional 1,950,433 shares in the last quarter. Bank of Montreal Can acquired a new stake in Facebook during the second quarter valued at approximately $206,083,000. Prudential Financial Inc. boosted its stake in Facebook by 44.3% in the first quarter. Prudential Financial Inc. now owns 5,346,954 shares of the social networking company’s stock valued at $610,087,000 after buying an additional 1,642,535 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Facebook by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 58,452,390 shares of the social networking company’s stock valued at $6,669,418,000 after buying an additional 1,308,609 shares in the last quarter. Finally, Credit Agricole S A boosted its stake in Facebook by 89.8% in the first quarter. Credit Agricole S A now owns 2,413,768 shares of the social networking company’s stock valued at $275,411,000 after buying an additional 1,141,775 shares in the last quarter. 56.61% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.05% during trading on Friday, reaching $127.88. 13,345,292 shares of the company traded hands. Facebook Inc. has a 52 week low of $89.37 and a 52 week high of $131.98. The company has a market capitalization of $367.23 billion, a price-to-earnings ratio of 61.13 and a beta of 0.77. The firm’s 50 day moving average price is $128.26 and its 200-day moving average price is $120.22.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.15. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The company earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Facebook’s revenue was up 59.2% compared to the same quarter last year. Equities analysts anticipate that Facebook Inc. will post $3.94 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Facebook in a research note on Sunday, July 10th. Cowen and Company reaffirmed a “buy” rating and set a $145.00 target price on shares of Facebook in a research note on Sunday, July 17th. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $140.00 target price on shares of Facebook in a research note on Friday, July 22nd. MKM Partners reaffirmed a “buy” rating on shares of Facebook in a research note on Sunday, July 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $170.00 target price (up previously from $160.00) on shares of Facebook in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average price target of $149.99.

In other news, VP Colin Stretch sold 400 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $125.00, for a total value of $50,000.00. Following the transaction, the vice president now directly owns 88,940 shares in the company, valued at approximately $11,117,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Sheryl Sandberg sold 148,104 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $118.02, for a total transaction of $17,479,234.08. Following the completion of the transaction, the chief operating officer now owns 4,719,188 shares in the company, valued at $556,958,567.76. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. 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.

5 Day Chart for NASDAQ:FB

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