Legacy Bridge LLC lowered its position in shares of Facebook, Inc. (NASDAQ:FB) by 6.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,484 shares of the social networking company’s stock after selling 105 shares during the period. Legacy Bridge LLC’s holdings in Facebook were worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Facebook by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after buying an additional 3,465,756 shares in the last quarter. BlackRock Inc. grew its position in Facebook by 2.8% in the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after buying an additional 4,114,043 shares in the last quarter. Invesco Ltd. grew its position in Facebook by 36.5% in the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after buying an additional 9,368,684 shares in the last quarter. Northern Trust Corp grew its position in Facebook by 1.7% in the 2nd quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock valued at $5,518,644,000 after buying an additional 470,411 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Facebook by 5,336.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock valued at $4,341,794,000 after buying an additional 22,082,561 shares in the last quarter. Institutional investors and hedge funds own 63.22% of the company’s stock.

In related news, COO Sheryl Sandberg sold 55,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $200.81, for a total value of $11,044,550.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter Thiel sold 22,246 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $182.00, for a total value of $4,048,772.00. Following the completion of the transaction, the director now owns 9,948 shares in the company, valued at approximately $1,810,536. The disclosure for this sale can be found here. Insiders sold 3,784,238 shares of company stock worth $697,084,585 in the last 90 days. 14.53% of the stock is currently owned by corporate insiders.

Shares of NASDAQ FB traded down $0.06 during mid-day trading on Wednesday, reaching $188.83. The company had a trading volume of 3,381,542 shares, compared to its average volume of 13,222,428. The stock has a fifty day moving average of $183.82 and a two-hundred day moving average of $185.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.47 and a current ratio of 4.47. The company has a market capitalization of $538.89 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.07 and a beta of 1.02. Facebook, Inc. has a 12-month low of $123.02 and a 12-month high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $16.89 billion during the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. Sell-side analysts forecast that Facebook, Inc. will post 7.99 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on FB shares. Credit Suisse Group raised their price objective on shares of Facebook from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Guggenheim restated a “hold” rating on shares of Facebook in a research report on Tuesday, September 10th. Nomura raised their price objective on shares of Facebook from $226.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $220.00 price objective on shares of Facebook in a research report on Monday, July 22nd. Finally, Mizuho raised their price objective on shares of Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $222.32.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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