Cognios Capital LLC Has $3.14 Million Stock Holdings in Facebook, Inc. (NASDAQ:FB)

Cognios Capital LLC lessened its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,994 shares of the social networking company’s stock after selling 3,740 shares during the period. Facebook accounts for approximately 1.3% of Cognios Capital LLC’s holdings, making the stock its 13th biggest position. Cognios Capital LLC’s holdings in Facebook were worth $3,144,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FB. Contravisory Investment Management Inc. raised its position in Facebook by 153.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock worth $26,000 after buying an additional 121 shares during the last quarter. Whitnell & Co. purchased a new position in Facebook in the 4th quarter worth about $26,000. Jackson Grant Investment Advisers Inc. purchased a new position in Facebook in the 4th quarter worth about $31,000. Signet Investment Advisory Group Inc. purchased a new position in Facebook in the 4th quarter worth about $39,000. Finally, Ruggie Capital Group raised its position in Facebook by 53.8% in the 4th quarter. Ruggie Capital Group now owns 446 shares of the social networking company’s stock worth $58,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 61.73% of the company’s stock.

Shares of FB traded down $1.18 during midday trading on Wednesday, reaching $187.66. 11,111,335 shares of the stock were exchanged, compared to its average volume of 18,736,422. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $218.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.38 and a quick ratio of 5.38. The firm has a 50 day moving average price of $182.14. The company has a market capitalization of $549.77 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.19 and a beta of 0.96.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.80). Facebook had a return on equity of 23.67% and a net margin of 33.17%. The firm had revenue of $15.08 billion for the quarter, compared to the consensus estimate of $14.97 billion. During the same period in the previous year, the company posted $1.69 EPS. Facebook’s quarterly revenue was up 26.0% compared to the same quarter last year. Analysts forecast that Facebook, Inc. will post 8 earnings per share for the current fiscal year.

FB has been the subject of several research reports. Robert W. Baird upped their price target on shares of Facebook from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Nomura boosted their price objective on Facebook from $215.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. BidaskClub upgraded Facebook from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. DZ Bank upgraded Facebook from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Finally, Bank of America reiterated a “buy” rating and set a $187.00 price objective (down from $205.00) on shares of Facebook in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $210.44.

In related news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $178.25, for a total value of $133,687.50. Following the completion of the sale, the vice president now directly owns 101,622 shares of the company’s stock, valued at $18,114,121.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David B. Fischer sold 10,000 shares of Facebook stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the completion of the transaction, the vice president now owns 48,970 shares of the company’s stock, valued at $8,569,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,494,604 shares of company stock worth $266,170,586. 14.53% of the stock is owned by corporate insiders.

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.

Further Reading: How are institutional investors different from individual investors?

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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