Ithaka Group LLC Decreased Facebook INC Cl A (FB) Position by $6.24 Million; Share Value Declined

Facebook, Inc. (NASDAQ:FB) LogoInvestors sentiment increased to 1.09 in Q2 2018. Its up 0.22, from 0.87 in 2018Q1. It increased, as 78 investors sold FB shares while 660 reduced holdings. 187 funds opened positions while 614 raised stakes. 1.66 billion shares or 0.70% more from 1.65 billion shares in 2018Q1 were reported. Piedmont Investment Advsr Ltd Com stated it has 228,811 shares or 2.14% of all its holdings. Deltec Asset Mngmt Lc owns 104,455 shares or 4.1% of their US portfolio. Efg Asset (Americas) holds 16,518 shares or 0.97% of its portfolio. Schroder Invest Mngmt Gp stated it has 2.97M shares or 1.03% of all its holdings. Artemis Investment Mgmt Llp has 0.73% invested in Facebook, Inc. (NASDAQ:FB). California Public Employees Retirement System holds 4.88 million shares. Pinnacle Assoc Ltd reported 81,205 shares stake. Autus Asset Management Ltd Liability Corp reported 1,305 shares. Panagora Asset Mngmt reported 2.30 million shares stake. Platinum Mngmt Ltd invested in 1.78 million shares or 8.19% of the stock. Rowland Invest Counsel Adv holds 0% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 1,541 shares. Ashfield Cap Ptnrs Limited Liability Corp has 54,745 shares for 1.33% of their portfolio. Prio Wealth Ltd Partnership reported 236,386 shares or 2.27% of all its holdings. Pennsylvania-based Blb&B Ltd Com has invested 0.18% in Facebook, Inc. (NASDAQ:FB). Buckingham Capital Mngmt Inc holds 1.2% or 30,462 shares in its portfolio.

Since May 31, 2018, it had 0 insider purchases, and 85 sales for $2.30 billion activity. Schroepfer Michael Todd sold $6.87M worth of stock. Cox Christopher K also sold $813,248 worth of Facebook, Inc. (NASDAQ:FB) shares. 750 shares valued at $115,710 were sold by Stretch Colin on Wednesday, October 24. FISCHER DAVID B. sold $392,937 worth of Facebook, Inc. (NASDAQ:FB) on Monday, October 29. Sandberg Sheryl also sold $8.52 million worth of Facebook, Inc. (NASDAQ:FB) shares. Taylor Susan J.S. sold $290,400 worth of Facebook, Inc. (NASDAQ:FB) on Thursday, November 15.

Ithaka Group Llc decreased its stake in Facebook Inc. Cl A (FB) by 18.09% based on its latest 2018Q2 regulatory filing with the SEC. Ithaka Group Llc sold 32,177 shares as the company’s stock declined 15.80% while stock markets rallied. The institutional investor held 145,703 shares of the technology company at the end of 2018Q2, valued at $28.31 million, down from 177,880 at the end of the previous reported quarter. Ithaka Group Llc who had been investing in Facebook Inc. Cl A for a number of months, seems to be less bullish one the $404.08B market cap company. The stock increased 1.39% or $1.93 during the last trading session, reaching $140.61. About 25.73 million shares traded. Facebook, Inc. (NASDAQ:FB) has declined 6.34% since December 2, 2017 and is downtrending. It has underperformed by 21.96% the S&P500.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “Facebook Will Fall Further – Seeking Alpha” on November 14, 2018, also Livetradingnews.com with their article: “Facebook, Inc. (NASDAQ:FB) Having Faith in the Stock – Live Trading News” published on November 21, 2018, Livetradingnews.com published: “Facebook, Inc. (NASDAQ:FB) Stock Price still Falling? – Live Trading News” on November 26, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Rights groups press for secret docs in Facebook Messenger case – Seeking Alpha” published on November 28, 2018 as well as Nasdaq.com‘s news article titled: “Why Snap Is Down 55% in 2018 Year to Date – Nasdaq” with publication date: November 19, 2018.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 20 analysts covering Facebook (NASDAQ:FB), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Facebook has $265 highest and $15000 lowest target. $189.42’s average target is 34.71% above currents $140.61 stock price. Facebook had 36 analyst reports since June 6, 2018 according to SRatingsIntel. The company was maintained on Thursday, July 26 by Morgan Stanley. The firm earned “Market Perform” rating on Wednesday, July 25 by BMO Capital Markets. The company was maintained on Wednesday, October 31 by KeyBanc Capital Markets. On Thursday, July 26 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Hold” rating on Friday, July 27 by Edward Jones. Raymond James downgraded Facebook, Inc. (NASDAQ:FB) on Thursday, July 26 to “Outperform” rating. The stock has “Overweight” rating by Morgan Stanley on Friday, October 12. The firm has “Hold” rating by UBS given on Tuesday, June 26. Nomura downgraded the shares of FB in report on Thursday, July 26 to “Neutral” rating. The rating was maintained by Credit Suisse with “Outperform” on Monday, October 8.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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