Point View Wealth Management Inc. decreased its stake in Facebook, Inc. (NASDAQ:FB) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,138 shares of the social networking company’s stock after selling 55 shares during the quarter. Point View Wealth Management Inc.’s holdings in Facebook were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Patten & Patten Inc. TN boosted its stake in Facebook by 5.2% during the third quarter. Patten & Patten Inc. TN now owns 1,424 shares of the social networking company’s stock worth $254,000 after acquiring an additional 70 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of Facebook by 0.3% during the third quarter. Peregrine Capital Management LLC now owns 201,638 shares of the social networking company’s stock valued at $35,908,000 after purchasing an additional 664 shares in the last quarter. Massey Quick Simon & CO. LLC lifted its holdings in shares of Facebook by 20.0% during the third quarter. Massey Quick Simon & CO. LLC now owns 2,109 shares of the social networking company’s stock valued at $376,000 after purchasing an additional 352 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Facebook by 2.1% during the third quarter. CIBC Private Wealth Group LLC now owns 351,723 shares of the social networking company’s stock valued at $62,636,000 after purchasing an additional 7,089 shares during the last quarter. Finally, YCG LLC boosted its position in shares of Facebook by 2.8% in the 3rd quarter. YCG LLC now owns 150,352 shares of the social networking company’s stock worth $26,775,000 after purchasing an additional 4,078 shares in the last quarter. Institutional investors own 63.91% of the company’s stock.

Several equities analysts have recently issued reports on the company. HSBC started coverage on Facebook in a research report on Thursday, December 5th. They issued a “reduce” rating and a $178.00 price target for the company. Susquehanna Bancshares increased their price objective on shares of Facebook from $245.00 to $285.00 and gave the company a “positive” rating in a research report on Thursday, January 30th. Guggenheim increased their price objective on shares of Facebook from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Deutsche Bank raised their price objective on shares of Facebook from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and issued a $250.00 target price on shares of Facebook in a report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $245.48.

Shares of FB stock traded up $1.04 on Friday, reaching $214.18. The stock had a trading volume of 10,607,268 shares, compared to its average volume of 16,106,536. The stock has a market cap of $609.12 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05. Facebook, Inc. has a 1 year low of $159.28 and a 1 year high of $224.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.40 and a current ratio of 4.40. The company has a 50 day simple moving average of $213.29 and a 200 day simple moving average of $195.87.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The firm had revenue of $21.08 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities research analysts anticipate that Facebook, Inc. will post 9.28 earnings per share for the current fiscal year.

In other Facebook news, Director Peter Thiel sold 53,602 shares of Facebook stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $210.56, for a total transaction of $11,286,437.12. Following the transaction, the director now owns 9,948 shares of the company’s stock, valued at $2,094,650.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $197.37, for a total transaction of $51,316.20. Following the completion of the transaction, the vice president now owns 2,606 shares of the company’s stock, valued at $514,346.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,531 shares of company stock worth $16,696,656. 14.53% of the stock is owned by insiders.

Facebook Company 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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