Kessler Investment Group LLC lowered its stake in shares of Facebook Inc (NASDAQ:FB) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,772 shares of the social networking company’s stock after selling 6,563 shares during the period. Facebook accounts for 3.3% of Kessler Investment Group LLC’s investment portfolio, making the stock its 7th biggest holding. Kessler Investment Group LLC’s holdings in Facebook were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of FB. Moisand Fitzgerald Tamayo LLC bought a new position in Facebook in the 3rd quarter worth approximately $111,000. Mountain Capital Investment Advisors Inc bought a new position in Facebook in the 2nd quarter valued at $138,000. Stelac Advisory Services LLC bought a new position in Facebook in the 3rd quarter valued at $152,000. Odey Holdings AG boosted its holdings in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after purchasing an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in Facebook in the 2nd quarter valued at $165,000. Institutional investors own 58.48% of the company’s stock.
In other Facebook news, VP David B. Fischer sold 5,587 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $187.66, for a total value of $1,048,456.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Todd Schroepfer sold 38,050 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $174.39, for a total transaction of $6,635,539.50. Following the completion of the transaction, the insider now owns 381,521 shares in the company, valued at approximately $66,533,447.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,467,131 shares of company stock worth $798,223,122. 17.23% of the stock is owned by corporate insiders.
Facebook Inc (NASDAQ:FB) opened at $181.88 on Wednesday. The company has a market cap of $527,020.00, a price-to-earnings ratio of 29.53, a P/E/G ratio of 0.96 and a beta of 0.64. Facebook Inc has a 52-week low of $137.60 and a 52-week high of $195.32.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. analysts expect that Facebook Inc will post 7.28 earnings per share for the current year.
Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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