Parkwood LLC lowered its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 49.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,005 shares of the social networking company’s stock after selling 28,799 shares during the quarter. Parkwood LLC’s holdings in Facebook were worth $4,379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Financial Corp IN raised its position in Facebook by 0.5% during the 1st 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 in the last quarter. Enterprise Financial Services Corp raised its position in Facebook by 1.0% during the 1st 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 in the last quarter. Wagner Bowman Management Corp raised its position in Facebook by 0.5% during the 2nd quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock valued at $754,000 after purchasing an additional 25 shares in the last quarter. Keel Point LLC raised its position in Facebook by 1.5% during the 1st 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 in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.

In related news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $152.89, for a total transaction of $114,667.50. Following the completion of the sale, the vice president now directly owns 86,906 shares in the company, valued at $13,287,058.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $149.93, for a total transaction of $2,398,880.00. Following the sale, the insider now owns 184,965 shares of the company’s stock, valued at $27,731,802.45. The disclosure for this sale can be found here. Insiders sold 12,948,842 shares of company stock valued at $2,121,156,283 over the last quarter. Insiders own 19.08% of the company’s stock.

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A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 target price on shares of Facebook in a research report on Saturday, June 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $168.00 target price (up from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $159.91 target price for the company in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $192.00 target price (up from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Atlantic Securities set a $200.00 price target on Facebook and gave the stock a “buy” rating in a research report 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 given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $185.53.

Shares of Facebook, Inc. (NASDAQ:FB) traded down 0.33% during midday trading on Friday, reaching $170.54. The company’s stock had a trading volume of 12,097,138 shares. The company has a market capitalization of $495.28 billion, a P/E ratio of 38.17 and a beta of 0.76. The stock has a 50 day moving average of $170.12 and a 200-day moving average of $154.54. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $175.49.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter last year, the business earned $0.97 earnings per share. Facebook’s revenue was up 44.8% compared to the same quarter last year. On average, equities research analysts anticipate that Facebook, Inc. will post $5.33 earnings per share for the current year.

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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