Macquarie Group Ltd. decreased its holdings in Facebook, Inc. (NASDAQ:FB) by 13.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,965,727 shares of the social networking company’s stock after selling 298,296 shares during the period. Macquarie Group Ltd. owned approximately 0.07% of Facebook worth $279,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Financial Corp IN raised its stake in shares of Facebook by 0.5% during the first quarter. First Financial Corp IN now owns 2,436 shares of the social networking company’s stock valued at $346,000 after purchasing an additional 11 shares during the period. Enterprise Financial Services Corp raised its stake in shares of Facebook by 1.0% during the first quarter. Enterprise Financial Services Corp now owns 2,124 shares of the social networking company’s stock valued at $302,000 after purchasing an additional 21 shares during the period. Keel Point LLC raised its stake in shares of Facebook by 1.5% during the first quarter. Keel Point LLC now owns 2,289 shares of the social networking company’s stock valued at $325,000 after purchasing an additional 34 shares during the period. Donald L. Hagan LLC raised its stake in shares of Facebook by 0.8% during the first quarter. Donald L. Hagan LLC now owns 4,240 shares of the social networking company’s stock valued at $602,000 after purchasing an additional 35 shares during the period. Finally, Somerset Group LLC raised its stake in shares of Facebook by 0.9% during the first quarter. Somerset Group LLC now owns 3,900 shares of the social networking company’s stock valued at $554,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 57.30% of the company’s stock.

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In related news, COO Sheryl Sandberg sold 131,500 shares of Facebook stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $152.65, for a total transaction of $20,073,475.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $149.00, for a total value of $111,750.00. Following the sale, the vice president now directly owns 86,156 shares of the company’s stock, valued at $12,837,244. The disclosure for this sale can be found here. Insiders have sold a total of 13,071,103 shares of company stock valued at $2,134,223,843 over the last quarter. 19.08% of the stock is currently owned by corporate insiders.

Shares of Facebook, Inc. (NASDAQ FB) traded down 0.46% on Tuesday, hitting $172.71. The stock had a trading volume of 5,522,181 shares. The stock’s 50-day moving average price is $169.37 and its 200 day moving average price is $152.86. The company has a market cap of $501.58 billion, a PE ratio of 38.65 and a beta of 0.76. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. On average, analysts predict that Facebook, Inc. will post $5.33 EPS for the current year.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of Facebook in a research note on Saturday, June 3rd. Barclays PLC reiterated an “overweight” rating and set a $168.00 price objective (up previously from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective on the stock in a research note on Tuesday, June 6th. Jefferies Group LLC reiterated a “buy” rating and set a $192.00 price objective (up previously from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Atlantic Securities set a $200.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Facebook currently has an average rating of “Buy” and an average target price of $183.74.

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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