Sustainable Insight Capital Management LLC Reduces Holdings in Facebook, Inc. (NASDAQ:FB)

Sustainable Insight Capital Management LLC decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 36.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the social networking company’s stock after selling 700 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Facebook were worth $232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tandem Investment Advisors Inc. acquired a new position in Facebook in the 4th quarter worth $229,000. Legacy Bridge LLC acquired a new position in shares of Facebook during the 4th quarter worth about $208,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Facebook by 122.4% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 900,556 shares of the social networking company’s stock worth $118,053,000 after buying an additional 495,609 shares during the last quarter. Stonebridge Capital Management Inc. boosted its stake in shares of Facebook by 55.6% during the 4th quarter. Stonebridge Capital Management Inc. now owns 2,085 shares of the social networking company’s stock worth $274,000 after buying an additional 745 shares during the last quarter. Finally, Concorde Asset Management LLC boosted its stake in shares of Facebook by 155.1% during the 4th quarter. Concorde Asset Management LLC now owns 6,432 shares of the social networking company’s stock worth $848,000 after buying an additional 3,911 shares during the last quarter. Institutional investors own 62.44% of the company’s stock.

In other news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $175.82, for a total transaction of $9,670,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO David B. Fischer sold 5,501 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $196.84, for a total transaction of $1,082,816.84. The disclosure for this sale can be found here. Insiders have sold 1,336,861 shares of company stock valued at $248,044,391 in the last three months. 14.53% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on FB shares. DZ Bank raised shares of Facebook from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. BMO Capital Markets dropped their target price on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a report on Tuesday, July 23rd. Jefferies Financial Group upped their target price on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Susquehanna Bancshares upped their target price on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a report on Thursday, July 25th. Finally, Morgan Stanley upped their target price on shares of Facebook from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $220.92.

Shares of NASDAQ FB traded down $2.25 during trading hours on Thursday, hitting $181.30. 5,808,393 shares of the stock were exchanged, compared to its average volume of 17,474,040. Facebook, Inc. has a 1-year low of $123.02 and a 1-year high of $208.66. 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 cap of $531.13 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company’s fifty day simple moving average is $194.09 and its two-hundred day simple moving average is $180.80.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $16.89 billion for 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 company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business posted $1.74 earnings per share. As a group, sell-side analysts expect that Facebook, Inc. will post 7.96 EPS for the current fiscal year.

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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