Public Employees Retirement Association of Colorado cut its position in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,158,112 shares of the social networking company’s stock after selling 9,636 shares during the period. Facebook accounts for about 1.2% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 10th largest position. Public Employees Retirement Association of Colorado’s holdings in Facebook were worth $164,510,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FB. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock worth $954,746,000 after buying an additional 71,206 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock worth $582,441,000 after buying an additional 620,686 shares during the period. Rhumbline Advisers raised its position in shares of Facebook by 1.5% in the first quarter. Rhumbline Advisers now owns 3,741,605 shares of the social networking company’s stock worth $531,495,000 after buying an additional 54,953 shares during the period. Russell Investments Group Ltd. raised its position in shares of Facebook by 29.0% in the first quarter. Russell Investments Group Ltd. now owns 3,643,713 shares of the social networking company’s stock worth $517,583,000 after buying an additional 818,374 shares during the period. Finally, C WorldWide Group Holding A S raised its position in shares of Facebook by 8.0% in 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 buying an additional 213,758 shares during the period. Institutional investors own 57.30% of the company’s stock.

Shares of Facebook, Inc. (FB) traded down 0.36% during trading on Tuesday, hitting $166.64. The stock had a trading volume of 2,592,134 shares. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The stock has a 50-day moving average price of $166.02 and a 200 day moving average price of $150.10. The company has a market cap of $483.96 billion, a P/E ratio of 37.30 and a beta of 0.70.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the firm earned $0.97 earnings per share. Facebook’s quarterly revenue was up 44.8% on a year-over-year basis. Equities analysts expect that Facebook, Inc. will post $5.33 EPS for the current fiscal year.

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A number of research analysts recently issued reports on FB shares. Morgan Stanley reiterated a “buy” rating and issued a $175.00 price objective on shares of Facebook in a report on Thursday, May 4th. Instinet reiterated a “buy” rating and issued a $165.00 price objective on shares of Facebook in a report on Wednesday, May 3rd. Nomura set a $165.00 price objective on shares of Facebook and gave the company a “buy” rating in a report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $170.00 price objective on shares of Facebook in a report on Wednesday, May 3rd. Finally, Deutsche Bank AG raised their price objective on shares of Facebook from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the company. Facebook has a consensus rating of “Buy” and a consensus price target of $183.74.

In other news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $153.74, for a total transaction of $115,305.00. Following the sale, the vice president now owns 89,156 shares in the company, valued at $13,706,843.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 163,500 shares of Facebook stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $153.74, for a total value of $25,136,490.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,150,319 shares of company stock worth $1,972,169,672. 19.08% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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