National Mutual Insurance Federation of Agricultural Cooperatives trimmed its position in shares of Facebook, Inc. (NASDAQ:FB) by 32.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,700 shares of the social networking company’s stock after selling 9,100 shares during the quarter. Facebook accounts for 0.0% of National Mutual Insurance Federation of Agricultural Cooperatives’ investment portfolio, making the stock its 24th largest holding. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in Facebook were worth $3,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FB. Beaumont Financial Partners LLC raised its holdings in Facebook by 4.7% in the 1st quarter. Beaumont Financial Partners LLC now owns 64,042 shares of the social networking company’s stock valued at $10,233,000 after acquiring an additional 2,891 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Facebook by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,867,136 shares of the social networking company’s stock worth $777,720,000 after purchasing an additional 326,254 shares in the last quarter. Heritage Investors Management Corp grew its position in shares of Facebook by 152.1% during the 1st quarter. Heritage Investors Management Corp now owns 18,147 shares of the social networking company’s stock worth $2,900,000 after purchasing an additional 10,950 shares in the last quarter. Investure LLC acquired a new position in shares of Facebook during the 1st quarter worth approximately $4,554,000. Finally, Banco BTG Pactual S.A. grew its position in shares of Facebook by 81.2% during the 1st quarter. Banco BTG Pactual S.A. now owns 3,009 shares of the social networking company’s stock worth $481,000 after purchasing an additional 1,348 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Shares of Facebook stock opened at $139.63 on Friday. Facebook, Inc. has a fifty-two week low of $126.85 and a fifty-two week high of $218.62. The company has a market capitalization of $400.69 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 0.87 and a beta of 0.57.

Facebook (NASDAQ:FB) last issued its earnings results on Tuesday, October 30th. The social networking company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $13.73 billion for the quarter, compared to analyst estimates of $13.82 billion. Facebook had a net margin of 37.57% and a return on equity of 27.89%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business posted $1.59 earnings per share. Equities research analysts expect that Facebook, Inc. will post 7.36 EPS for the current fiscal year.

A number of brokerages have issued reports on FB. Wells Fargo & Co set a $220.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 29th. Credit Suisse Group restated a “buy” rating and set a $210.00 target price on shares of Facebook in a research report on Wednesday, October 31st. Bank of America decreased their target price on shares of Facebook from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Nomura decreased their target price on shares of Facebook from $183.00 to $161.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Finally, Cleveland Research restated a “buy” rating on shares of Facebook in a research report on Thursday, September 13th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $191.80.

In related news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $135.12, for a total transaction of $7,431,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher K. Cox sold 5,300 shares of Facebook stock in a transaction on Monday, September 24th. The stock was sold at an average price of $164.35, for a total transaction of $871,055.00. Following the transaction, the insider now directly owns 129,437 shares of the company’s stock, valued at approximately $21,272,970.95. The disclosure for this sale can be found here. Insiders have sold 518,103 shares of company stock valued at $79,159,534 in the last ninety days. Insiders own 17.23% of the company’s stock.

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About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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