Tyvor Capital LLC Lowers Position in Facebook, Inc. (FB)

Tyvor Capital LLC trimmed its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 48.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,000 shares of the social networking company’s stock after selling 72,562 shares during the quarter. Facebook accounts for 2.9% of Tyvor Capital LLC’s holdings, making the stock its 12th biggest position. Tyvor Capital LLC’s holdings in Facebook were worth $15,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Facebook by 2.0% during the 1st quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock worth $23,830,637,000 after acquiring an additional 2,966,437 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Facebook by 0.5% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock worth $2,067,249,000 after acquiring an additional 58,561 shares in the last quarter. Summit Trail Advisors LLC grew its stake in shares of Facebook by 4,170.3% during the 1st quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock worth $9,071,000 after acquiring an additional 8,858,520 shares in the last quarter. Edgewood Management LLC grew its stake in shares of Facebook by 14.7% during the 1st quarter. Edgewood Management LLC now owns 8,443,014 shares of the social networking company’s stock worth $1,349,109,000 after acquiring an additional 1,083,036 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Facebook by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 8,436,515 shares of the social networking company’s stock worth $1,348,071,000 after acquiring an additional 310,835 shares in the last quarter. 60.43% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on FB. Zacks Investment Research cut shares of Facebook from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Barclays reissued a “buy” rating and issued a $190.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Finally, Macquarie reissued a “buy” rating and issued a $200.00 target price on shares of Facebook in a research note on Wednesday, June 27th. Five analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $205.00.

In related news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $154.87, for a total value of $8,517,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 720,000 shares of the business’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $208.56, for a total value of $150,163,200.00. The disclosure for this sale can be found here. Insiders have sold 6,052,146 shares of company stock valued at $1,136,174,749 in the last three months. Insiders own 16.25% of the company’s stock.

FB opened at $153.74 on Friday. Facebook, Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $218.62. The firm has a market cap of $477.76 billion, a PE ratio of 24.96, a PEG ratio of 1.05 and a beta of 0.42.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.01). Facebook had a return on equity of 28.16% and a net margin of 39.31%. The firm had revenue of $13.23 billion for the quarter, compared to analyst estimates of $13.35 billion. During the same period in the prior year, the business posted $1.32 EPS. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. Research analysts forecast that Facebook, Inc. will post 7.08 EPS for the current fiscal year.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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