[embedded content]
Korea Investment CORP reduced its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,869,121 shares of the social networking company’s stock after selling 120,673 shares during the period. Facebook accounts for about 1.5% of Korea Investment CORP’s investment portfolio, making the stock its 5th largest holding. Korea Investment CORP’s holdings in Facebook were worth $510,569,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Facebook by 10.3% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 6,388 shares of the social networking company’s stock worth $1,745,000 after buying an additional 595 shares in the last quarter. Youngs Advisory Group Inc. raised its holdings in Facebook by 8.3% in the 4th quarter. Youngs Advisory Group Inc. now owns 1,123 shares of the social networking company’s stock worth $307,000 after acquiring an additional 86 shares during the last quarter. ProShare Advisors LLC lifted its position in Facebook by 2.1% in the 4th quarter. ProShare Advisors LLC now owns 1,735,287 shares of the social networking company’s stock valued at $474,011,000 after acquiring an additional 36,114 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in Facebook by 24.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 7,716 shares of the social networking company’s stock valued at $2,108,000 after purchasing an additional 1,500 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Facebook by 24.1% during the 4th quarter. TCW Group Inc. now owns 1,392,952 shares of the social networking company’s stock valued at $380,498,000 after purchasing an additional 270,175 shares during the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.
NASDAQ FB traded up $3.96 during trading hours on Monday, hitting $261.58. 752,703 shares of the company were exchanged, compared to its average volume of 19,760,207. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $304.67. The stock has a 50-day moving average price of $264.82 and a 200 day moving average price of $270.30. The stock has a market cap of $744.89 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 27th. The social networking company reported $3.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.64. Facebook had a return on equity of 23.27% and a net margin of 32.00%. The firm had revenue of $28.10 million for the quarter, compared to the consensus estimate of $26.43 billion. During the same quarter in the previous year, the company posted $2.56 EPS. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, analysts expect that Facebook, Inc. will post 9.39 EPS for the current year.
In other Facebook news, VP Jennifer Newstead sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $279.16, for a total transaction of $86,539.60. Following the completion of the transaction, the vice president now owns 3,122 shares in the company, valued at $871,537.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David M. Wehner sold 1,276 shares of the company’s stock in a transaction that occurred on Monday, February 15th. The shares were sold at an average price of $270.50, for a total value of $345,158.00. The disclosure for this sale can be found here. Insiders have sold 1,336,715 shares of company stock worth $360,066,132 in the last quarter. Company insiders own 14.14% of the company’s stock.
FB has been the topic of a number of research analyst reports. Moffett Nathanson upped their price target on Facebook from $285.00 to $325.00 in a report on Friday, January 15th. Bank of America restated a “buy” rating and set a $345.00 target price on shares of Facebook in a research note on Friday, January 15th. Wedbush lifted their price target on shares of Facebook from $320.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, January 28th. Barclays boosted their price objective on shares of Facebook from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Finally, Mizuho reissued a “buy” rating and set a $350.00 price target on shares of Facebook in a report on Thursday, January 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $323.98.
Facebook 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.
Recommended Story: How to calculate compound interest
Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook, Inc. (NASDAQ:FB).
Receive News & Ratings for Facebook Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Facebook and related companies with MarketBeat.com’s FREE daily email newsletter.
US removes Brazilian Supreme Court justice and his wife from sanctions list AP | Published…
Attention, Our system has indicated that your user behaviour is potentially automated. News Group Newspapers…
Attention, Our system has indicated that your user behaviour is potentially automated. News Group Newspapers…
A Chinese restaurant owner has gone viral for hitting the streets in a home-made mecha…
Curated By :Last Updated:December 13, 2025, 13:29 ISTRimowa luggage is taking over the world. But…
More than 100 supporters of jailed Myanmar leader Aung San Suu Kyi have rallied in…