Exxonmobil Investment Management Inc. TX cut its stake in Facebook Inc (NASDAQ:FB) by 12.4% in the fourth quarter, Holdings Channel reports. The fund owned 379,194 shares of the social networking company’s stock after selling 53,663 shares during the quarter. Facebook comprises about 1.8% of Exxonmobil Investment Management Inc. TX’s portfolio, making the stock its 4th largest holding. Exxonmobil Investment Management Inc. TX’s holdings in Facebook were worth $66,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the last quarter. Capital World Investors raised its holdings in shares of Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after buying an additional 833,810 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after buying an additional 114,694 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Facebook by 1.3% in the second quarter. TIAA CREF Investment Management LLC now owns 16,088,607 shares of the social networking company’s stock valued at $2,429,058,000 after buying an additional 198,882 shares during the last quarter. 57.71% of the stock is owned by hedge funds and other institutional investors.

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Shares of Facebook Inc (NASDAQ:FB) opened at $185.23 on Friday. The company has a market cap of $538,093.13, a P/E ratio of 30.12, a PEG ratio of 0.96 and a beta of 0.64. Facebook Inc has a 1 year low of $137.60 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.96 by $0.24. The business had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. research analysts expect that Facebook Inc will post 7.28 EPS for the current fiscal year.

A number of brokerages have recently commented on FB. Royal Bank of Canada upped their target price on shares of Facebook to $250.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. UBS Group set a $214.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Robert W. Baird set a $225.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. Oppenheimer reaffirmed a “buy” rating and issued a $225.00 target price (up from $220.00) on shares of Facebook in a report on Thursday, February 1st. Finally, JMP Securities set a $235.00 target price on shares of Facebook and gave the company a “buy” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $214.70.

In related news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total transaction of $9,748,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $178.83, for a total transaction of $134,122.50. Following the transaction, the vice president now directly owns 83,296 shares in the company, valued at approximately $14,895,823.68. The disclosure for this sale can be found here. Insiders sold 4,049,123 shares of company stock worth $721,268,619 over the last quarter. Company insiders own 17.23% of the company’s stock.

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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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