Facebook, Inc. (FB) Position Reduced by Fjarde AP Fonden Fourth Swedish National Pension Fund

Facebook, Inc. (FB) Position Reduced by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of Facebook, Inc. (NASDAQ:FB) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 573,551 shares of the social networking company’s stock after selling 59,600 shares during the quarter. Facebook makes up about 1.3% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 9th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Facebook were worth $75,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FB. Contravisory Investment Management Inc. grew its holdings in Facebook by 153.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after acquiring an additional 121 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new stake in Facebook during the fourth quarter worth about $31,000. Accurate Investment Solutions Inc. grew its holdings in Facebook by 35.6% during the fourth quarter. Accurate Investment Solutions Inc. now owns 453 shares of the social networking company’s stock worth $59,000 after acquiring an additional 119 shares during the period. Norway Savings Bank grew its holdings in Facebook by 28.5% during the fourth quarter. Norway Savings Bank now owns 451 shares of the social networking company’s stock worth $59,000 after acquiring an additional 100 shares during the period. Finally, New Capital Management LP grew its holdings in Facebook by 666.7% during the fourth quarter. New Capital Management LP now owns 575 shares of the social networking company’s stock worth $75,000 after acquiring an additional 500 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $194.78, for a total value of $146,085.00. Following the sale, the vice president now owns 99,372 shares in the company, valued at $19,355,678.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO David B. Fischer sold 5,438 shares of Facebook stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $194.29, for a total value of $1,056,549.02. The disclosure for this sale can be found here. Insiders sold 1,551,562 shares of company stock worth $273,016,133 in the last 90 days. Company insiders own 14.53% of the company’s stock.

Shares of Facebook stock opened at $188.65 on Friday. Facebook, Inc. has a one year low of $123.02 and a one year high of $218.62. The company has a market cap of $549.16 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.20 and a beta of 0.93. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.80). Facebook had a return on equity of 23.67% and a net margin of 33.17%. The company had revenue of $15.08 billion for the quarter, compared to analysts’ expectations of $14.97 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, research analysts predict that Facebook, Inc. will post 8.05 earnings per share for the current year.

FB has been the topic of several research analyst reports. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price objective on shares of Facebook in a report on Wednesday, January 16th. BidaskClub lowered Facebook from a “buy” rating to a “hold” rating in a report on Friday, January 25th. JPMorgan Chase & Co. set a $195.00 price objective on Facebook and gave the company a “buy” rating in a report on Friday, January 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $190.00 price objective on shares of Facebook in a report on Friday, January 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $206.58.

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.

See Also: Retained Earnings

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