Public Employees Retirement Association of Colorado Sells 1,891 Shares of Facebook, Inc. (NASDAQ:FB)

Public Employees Retirement Association of Colorado reduced its stake in Facebook, Inc. (NASDAQ:FB) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,575,364 shares of the social networking company’s stock after selling 1,891 shares during the period. Facebook comprises approximately 1.7% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 6th largest position. Public Employees Retirement Association of Colorado owned 0.06% of Facebook worth $280,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Manitou Investment Management Ltd. boosted its stake in shares of Facebook by 14.1% in the 3rd quarter. Manitou Investment Management Ltd. now owns 3,730 shares of the social networking company’s stock valued at $664,000 after purchasing an additional 460 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Facebook by 7.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 18,783 shares of the social networking company’s stock worth $3,345,000 after buying an additional 1,293 shares during the period. Taylor Hoffman Wealth Management boosted its position in Facebook by 19.1% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 2,620 shares of the social networking company’s stock worth $467,000 after buying an additional 421 shares during the period. Lenox Wealth Management Inc. boosted its position in Facebook by 24.1% during the 3rd quarter. Lenox Wealth Management Inc. now owns 1,598 shares of the social networking company’s stock worth $284,000 after buying an additional 310 shares during the period. Finally, Principle Wealth Partners LLC boosted its position in Facebook by 3.0% during the 3rd quarter. Principle Wealth Partners LLC now owns 10,397 shares of the social networking company’s stock worth $1,851,000 after buying an additional 300 shares during the period. Institutional investors own 63.17% of the company’s stock.

Facebook stock traded up $0.42 during mid-day trading on Friday, hitting $190.84. 10,760,700 shares of the stock were exchanged, compared to its average volume of 16,776,678. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $554.39 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.10 and a beta of 1.05. The firm’s fifty day simple moving average is $185.37 and its two-hundred day simple moving average is $187.27. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.21. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS. As a group, analysts forecast that Facebook, Inc. will post 8.57 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. Canaccord Genuity lifted their target price on shares of Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird lifted their target price on shares of Facebook from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. MKM Partners reiterated a “buy” rating and set a $245.00 target price (up from $190.00) on shares of Facebook in a research report on Friday, August 2nd. SunTrust Banks lifted their target price on shares of Facebook from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Finally, DZ Bank reiterated a “buy” rating on shares of Facebook in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $228.33.

In related news, CEO Mark Zuckerberg sold 122,855 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $192.22, for a total value of $23,615,188.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Thiel sold 22,246 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the completion of the transaction, the director now directly owns 9,948 shares in the company, valued at $1,810,536. The disclosure for this sale can be found here. Insiders have sold a total of 4,681,364 shares of company stock worth $867,172,511 over the last ninety days. Insiders own 14.53% of the company’s stock.

About Facebook

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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