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OLD National Bancorp IN decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,864 shares of the social networking companys stock after selling 21,105 shares during the period. OLD National Bancorp INs holdings in Facebook were worth $11,261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FB. Price Wealth LLC raised its position in shares of Facebook by 7.0% during the fourth quarter. Price Wealth LLC now owns 2,231 shares of the social networking companys stock valued at $458,000 after buying an additional 146 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Facebook by 8.5% during the fourth quarter. Tributary Capital Management LLC now owns 5,750 shares of the social networking companys stock valued at $1,180,000 after buying an additional 450 shares during the last quarter. Allworth Financial LP raised its position in shares of Facebook by 1.9% during the fourth quarter. Allworth Financial LP now owns 5,394 shares of the social networking companys stock valued at $1,107,000 after buying an additional 100 shares during the last quarter. Affiance Financial LLC raised its position in shares of Facebook by 1.3% during the fourth quarter. Affiance Financial LLC now owns 6,261 shares of the social networking companys stock valued at $1,285,000 after buying an additional 81 shares during the last quarter. Finally, Merit Financial Group LLC raised its position in shares of Facebook by 126.3% during the fourth quarter. Merit Financial Group LLC now owns 6,185 shares of the social networking companys stock valued at $1,269,000 after buying an additional 3,452 shares during the last quarter. 63.77% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Jennifer Newstead sold 260 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $197.40, for a total transaction of $51,324.00. Following the sale, the vice president now directly owns 6,717 shares of the companys stock, valued at $1,325,935.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Susan J.S. Taylor sold 1,133 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $198.58, for a total transaction of $224,991.14. Following the sale, the chief accounting officer now directly owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Insiders have sold 1,220,900 shares of company stock worth $231,834,951 over the last ninety days. Insiders own 14.53% of the companys stock.

Shares of Facebook stock opened at $221.77 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $632.43 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 1.17 and a beta of 1.05. Facebook, Inc. has a 1-year low of $142.52 and a 1-year high of $222.38. The firms 50-day moving average price is $206.14 and its two-hundred day moving average price is $193.86.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, topping the Thomson Reuters consensus estimate of $1.91 by $0.21. The firm had revenue of $17.65 billion for the quarter, compared to analysts expectations of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The companys quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, equities research analysts predict that Facebook, Inc. will post 8.48 EPS for the current year.

A number of research analysts have recently commented on FB shares. Credit Suisse Group reaffirmed an outperform rating and set a $270.00 price objective (up previously from $260.00) on shares of Facebook in a research report on Thursday, October 31st. Mizuho cut their price objective on shares of Facebook from $247.00 to $240.00 and set a buy rating for the company in a research report on Thursday, October 31st. Deutsche Bank upped their price objective on shares of Facebook from $270.00 to $280.00 and gave the company a buy rating in a research report on Tuesday. Nomura upped their price objective on shares of Facebook from $235.00 to $253.00 and gave the company a buy rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities set a $242.00 price objective on shares of Facebook and gave the company a buy rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $238.04.

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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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OLD National Bancorp IN Has $11.26 Million Stake in Facebook, Inc. (NASDAQ:FB) - Riverton Roll