State of Wisconsin Investment Board reduced its stake in shares of Facebook Inc. (NASDAQ:FB) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,327,500 shares of the social networking company’s stock after selling 13,030 shares during the period. Facebook accounts for 1.2% of State of Wisconsin Investment Board’s investment portfolio, making the stock its 7th largest position. State of Wisconsin Investment Board owned about 0.08% of Facebook worth $298,548,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Howland Capital Management LLC bought a new position in shares of Facebook during the second quarter worth approximately $241,000. Baystate Wealth Management LLC increased its position in shares of Facebook by 5.1% in the second quarter. Baystate Wealth Management LLC now owns 2,074 shares of the social networking company’s stock worth $237,000 after buying an additional 100 shares during the last quarter. Park National Corp OH increased its position in shares of Facebook by 15.0% in the second quarter. Park National Corp OH now owns 5,526 shares of the social networking company’s stock worth $632,000 after buying an additional 720 shares during the last quarter. Cullinan Associates Inc. increased its position in shares of Facebook by 4.0% in the second quarter. Cullinan Associates Inc. now owns 147,000 shares of the social networking company’s stock worth $16,799,000 after buying an additional 5,600 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in shares of Facebook by 217.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 8,158 shares of the social networking company’s stock worth $933,000 after buying an additional 5,589 shares during the last quarter. Institutional investors and hedge funds own 56.19% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) opened at 120.41 on Tuesday. The company has a market capitalization of $347.04 billion, a PE ratio of 46.42 and a beta of 0.76. The firm’s 50-day moving average is $125.02 and its 200 day moving average is $122.59. Facebook Inc. has a 52 week low of $89.37 and a 52 week high of $133.50.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The business earned $7 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The company’s revenue was up 55.8% on a year-over-year basis. On average, analysts anticipate that Facebook Inc. will post $4.09 earnings per share for the current fiscal year.

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FB has been the topic of a number of research analyst reports. Piper Jaffray Cos. restated an “overweight” rating and issued a $185.00 target price on shares of Facebook in a research report on Wednesday, October 5th. Nomura restated a “buy” rating and issued a $155.00 target price on shares of Facebook in a research report on Tuesday, October 18th. Mizuho reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Facebook in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Facebook in a research note on Thursday, November 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Facebook in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $150.70.

In other news, Director Jan Koum sold 1,566,668 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $129.70, for a total transaction of $203,196,839.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $127.26, for a total value of $95,445.00. Following the transaction, the vice president now directly owns 86,890 shares of the company’s stock, valued at $11,057,621.40. The disclosure for this sale can be found here. 19.08% of the stock is owned by insiders.

Facebook Company Profile

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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