Commerzbank Aktiengesellschaft FI Has $160.17 Million Position in Facebook, Inc. (NASDAQ:FB)

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Facebook, Inc. (NASDAQ:FB) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 899,422 shares of the social networking company’s stock after selling 59,518 shares during the quarter. Facebook comprises approximately 1.3% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 12th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Facebook were worth $160,169,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FB. Cordasco Financial Network lifted its stake in Facebook by 70.0% in the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 70 shares during the last quarter. Shamrock Asset Management LLC acquired a new stake in Facebook in the second quarter valued at approximately $38,000. Clean Yield Group acquired a new stake in Facebook in the second quarter valued at approximately $39,000. Litman Gregory Asset Management LLC acquired a new stake in Facebook in the second quarter valued at approximately $41,000. Finally, Spectrum Management Group Inc. lifted its stake in Facebook by 135.3% in the second quarter. Spectrum Management Group Inc. now owns 240 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 63.22% of the company’s stock.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $180.47, for a total transaction of $9,925,850.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 76,484 shares of Facebook stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.34, for a total transaction of $13,410,704.56. The disclosure for this sale can be found here. Insiders have sold 4,028,338 shares of company stock worth $742,544,275 in the last ninety days. 14.53% of the stock is currently owned by insiders.

Shares of FB stock opened at $189.67 on Friday. Facebook, Inc. has a 1 year low of $123.02 and a 1 year high of $208.66. The firm’s fifty day simple moving average is $184.16 and its 200 day simple moving average is $185.80. The firm has a market capitalization of $538.89 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The business had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Facebook’s revenue was up 27.6% compared to the same quarter last year. Equities research analysts anticipate that Facebook, Inc. will post 7.99 EPS for the current fiscal year.

A number of research firms have recently commented on FB. Rosenblatt Securities set a $242.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Tuesday. UBS Group reissued a “buy” rating and issued a $240.00 price target on shares of Facebook in a research report on Thursday, July 25th. Goldman Sachs Group set a $228.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Tuesday, July 23rd. BMO Capital Markets dropped their price target on shares of Facebook to $195.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 23rd. Finally, Pivotal Research reissued a “buy” rating and issued a $225.00 price target (up previously from $220.00) on shares of Facebook in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $223.04.

Facebook Profile

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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