Todays Report: Today, 143,901 Shares of Facebook Inc. (FB) are sold by APG Asset Management N.V.

Today, 143,901 Shares of Facebook Inc. (FB) are sold by APG Asset Management N.V.

APG Asset Management N.V. cut its stake in shares of Facebook Inc. (NASDAQ:FB) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 3,151,796 shares of the social networking company’s stock after selling 143,901 shares during the period. Facebook makes up approximately 0.7% of APG Asset Management N.V.’s investment portfolio, making the stock its 25th largest position. APG Asset Management N.V.’s holdings in Facebook were worth $404,281,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. raised its position in shares of Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock valued at $116,000 after buying an additional 96 shares in the last quarter. Orinda Asset Management LLC bought a new position in shares of Facebook during the third quarter valued at approximately $126,000. Bartlett & Co. LLC raised its position in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares in the last quarter. Balentine LLC raised its position in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock valued at $139,000 after buying an additional 1,015 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Facebook by 1.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,230 shares of the social networking company’s stock valued at $140,000 after buying an additional 18 shares in the last quarter. 56.19% of the stock is owned by institutional investors and hedge funds.

Facebook Inc. (NASDAQ:FB) opened at 120.41 on Tuesday. The firm has a market cap of $347.04 billion, a P/E ratio of 46.42 and a beta of 0.76. The stock has a 50 day moving average price of $125.02 and a 200-day moving average price of $122.59. Facebook Inc. has a one year low of $89.37 and a one year high of $133.50.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The company earned $7 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period last year, the company posted $0.57 earnings per share. The firm’s quarterly revenue was up 55.8% compared to the same quarter last year. Analysts predict that Facebook Inc. will post $4.09 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating and set a $170.00 target price on shares of Facebook in a report on Monday, August 22nd. Axiom Securities reiterated a “buy” rating and set a $160.00 target price on shares of Facebook in a report on Thursday, August 18th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $170.00 target price on shares of Facebook in a report on Wednesday, August 17th. Cantor Fitzgerald reiterated a “buy” rating on shares of Facebook in a report on Sunday, August 14th. Finally, SunTrust Banks Inc. reiterated a “buy” rating and set a $142.00 target price on shares of Facebook in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $150.70.

In other Facebook news, CEO Mark Zuckerberg sold 755,239 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $125.79, for a total transaction of $95,001,513.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jan Koum sold 1,566,668 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $129.70, for a total value of $203,196,839.60. The disclosure for this sale can be found here. 19.08% of the stock is owned by insiders.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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