Facebook Inc (FB) Shares Sold by Ashburton Jersey Ltd

Author: Stefani Robinson / Source: TrueBlueTribune

Ashburton Jersey Ltd reduced its stake in Facebook Inc (NASDAQ:FB) by 86.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,930 shares of the social networking company’s stock after selling 19,046 shares during the quarter. Ashburton Jersey Ltd’s holdings in Facebook were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares during the period. BlackRock Inc. increased its holdings in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares during the period. State Street Corp increased its holdings in shares of Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after purchasing an additional 1,536,158 shares during the period. Capital World Investors increased its holdings in shares of Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares during the period. 57.86% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on FB shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays raised…

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