Oregon Public Employees Retirement Fund Sells 5,118 Shares of Facebook, Inc. (NASDAQ:FB)

Oregon Public Employees Retirement Fund reduced its stake in Facebook, Inc. (NASDAQ:FB) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,652 shares of the social networking company’s stock after selling 5,118 shares during the period. Facebook accounts for 0.7% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 25th largest position. Oregon Public Employees Retirement Fund’s holdings in Facebook were worth $51,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in FB. BCS Wealth Management purchased a new stake in Facebook in the third quarter worth about $216,000. Fieldpoint Private Securities LLC grew its holdings in Facebook by 2.6% in the third quarter. Fieldpoint Private Securities LLC now owns 11,698 shares of the social networking company’s stock worth $3,064,000 after purchasing an additional 292 shares during the period. Bernardo Wealth Planning LLC grew its holdings in Facebook by 3.9% in the third quarter. Bernardo Wealth Planning LLC now owns 9,748 shares of the social networking company’s stock worth $2,553,000 after purchasing an additional 367 shares during the period. Optas LLC grew its holdings in Facebook by 8.6% in the third quarter. Optas LLC now owns 16,270 shares of the social networking company’s stock worth $4,262,000 after purchasing an additional 1,294 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Facebook by 13.6% in the third quarter. Ritholtz Wealth Management now owns 6,526 shares of the social networking company’s stock worth $1,709,000 after purchasing an additional 779 shares during the period. 64.95% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Facebook from $355.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “strong-buy” rating and set a $297.00 price target on the stock in a report on Monday, February 1st. Barclays increased their price target on shares of Facebook from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Loop Capital increased their price target on shares of Facebook from $330.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, February 16th. Finally, JMP Securities increased their price target on shares of Facebook from $325.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-eight 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 $323.98.

In other news, VP Jennifer Newstead sold 213 shares of the firm’s stock in a transaction on Tuesday, January 12th. The shares were sold at an average price of $256.28, for a total transaction of $54,587.64. Following the sale, the vice president now directly owns 1,379 shares in the company, valued at approximately $353,410.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 62,250 shares of the firm’s stock in a transaction on Friday, November 27th. The shares were sold at an average price of $277.06, for a total transaction of $17,246,985.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,384,833 shares of company stock worth $374,590,627 over the last 90 days. Insiders own 14.14% of the company’s stock.

FB traded up $4.03 during trading on Tuesday, hitting $264.36. The company’s stock had a trading volume of 596,982 shares, compared to its average volume of 20,207,424. Facebook, Inc. has a one year low of $137.10 and a one year high of $304.67. The firm has a market cap of $752.81 billion, a PE ratio of 29.65, a P/E/G ratio of 1.29 and a beta of 1.18. The business’s 50 day simple moving average is $265.35 and its 200-day simple moving average is $270.40.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 27th. The social networking company reported $3.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.64. The firm had revenue of $28.10 million for the quarter, compared to the consensus estimate of $26.43 billion. Facebook had a net margin of 32.00% and a return on equity of 23.27%. The company’s revenue was up 33.2% on a year-over-year basis. During the same period last year, the firm earned $2.56 EPS. Analysts expect that Facebook, Inc. will post 9.39 earnings per share for the current fiscal year.

Facebook Company Profile

Facebook, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices 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 private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used 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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