Economy

Sylebra HK Co Ltd Has $113.53 Million Position in Facebook, Inc. (FB)

Fiduciary Group LLC's holdings in Facebook were worth $1,560,000 at the end of the most recent reporting period.

A number of large investors have recently added to or reduced their stakes in FB. Hermes Investment Management Ltd. increased its stake in Facebook by 80.5% in the second quarter. Bridges Investment Management Inc. now owns 40,136 shares of the social networking company's stock valued at $5,702,000 after purchasing an additional 5,437 shares in the last quarter.

Fiduciary Group LLC cut its stake in shares of Facebook, Inc. Kingdon Capital Management L.L.C. increased its position in Facebook by 116.0% during the 1st quarter. Kingdon Capital Management L.L.C. now owns 446,350 shares of the social networking company's stock worth $63,404,000 after purchasing an additional 239,682 shares in the last quarter. West Oak invested in 0% or 1,200 shares. Palladium Prtnrs Ltd Limited Liability Company has invested 0.86% of its portfolio in Facebook Inc (NASDAQ:FB). The stock rose 1.15% or $1.97 reaching $172.92 per share. The company has a 50 day moving average price of $169.23 and a 200 day moving average price of $152.48. The stock of Facebook Inc (NASDAQ:FB) has "Outperform" rating given on Thursday, January 28 by RBC Capital Markets.

Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49.

Facebook (NASDAQ:FB) previously released its periodic earnings reports on early Wed, Jul 26th. The stock was unloaded at a price range of of $152.65, amounting to $20,073,475.00. during the last around three months, executive have unloaded 12,807,956 stocks of company shares worth at $2,088,986,365. corporate executives has an ownership of 19.08% of the firms stock. Facebook had a net margin of 38.84% and a return on equity of 21.73%. During the same quarter in the previous year, the business earned $0.97 EPS. Gilder Gagnon Howe Co Ltd Liability Company stated it has 5% of its portfolio in Facebook Inc (NASDAQ:FB).

A number of equities research analysts have issued reports on the stock. Robert W. Baird maintained Facebook Inc (NASDAQ:FB) on Friday, September 1 with "Buy" rating. MKM Partners reaffirmed a "buy" rating and set a $150.00 price target on shares of Facebook in a report on Thursday, December 1st. Morgan Stanley reaffirmed an "overweight" rating and set a $160.00 price target on shares of Facebook in a report on Wednesday, November 2nd.

Merchants Bancshares, Inc.is a bank holding company. Suntrust Robinson maintained it with "Buy" rating and $135 target in Thursday, April 28 report. Pivotal analysis lowered the stock of Facebook from a "hold" recommendation to a "sell" recommendation in a analysis note on Tue, Aug 8th. This company shares are 12.68% off its target price of $192.62 and the current market capitalization stands at $490.55B.

$60.98 million worth of Facebook Inc (NASDAQ:FB) shares were sold by Koum Jan. 163,500 shares valued at $25.14 million were sold by Sandberg Sheryl on Tuesday, June 6. The stock grabbed 154 new institutional investments totaling 10,048,859 shares while 61 institutional investors sold out their entire positions totaling 4,804,002 shares. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the company's stock in a transaction that occurred on Wednesday, July 5th.

In the transaction dated August 28, 2017, the great number of shares disposed came courtesy the COB and CEO, 10% Owner; Zuckerberg Mark disposed a total of 254,525 shares at an average price of $166.97, amounting to approximately $42,498,039. Following the completion of the transaction, the vice president now owns 86,156 shares in the company, valued at approximately $12,837,244. The disclosure for this sale can be found here. Dragoneer Investment Group LLC now owns 281,300 shares of the social networking company's stock worth $39,959,000 after purchasing an additional 174,000 shares in the last quarter.

Institutional investors now hold around $294.42 billion or 72.5% in FB stock.

COPYRIGHT VIOLATION NOTICE: "Facebook, Inc. (FB)" was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another publication, it was stolen and republished in violation of United States & worldwide trademark & copyright laws. The New York-based Roosevelt Invest Gru has invested 1.79% in Facebook Inc (NASDAQ:FB). 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. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. The Company enables people to share their opinions, ideas, photos and videos, and other activities.

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