Whale Rock Capital Management LLC Position in Facebook INC (FB) Has Increased by $29.59 Million as Market Value Declined

August 9, 2018 - By Pearl Odom

Facebook, Inc. (NASDAQ:FB) LogoInvestors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It is negative, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Norris Perne & French Ltd Liability Partnership Mi, a Michigan-based fund reported 1,413 shares. Pettyjohn Wood White reported 0.18% stake. Assoc has invested 0.69% in Facebook, Inc. (NASDAQ:FB). Rnc Cap Llc invested in 0.06% or 5,400 shares. Pinnacle Advisory Grp stated it has 2,444 shares. Sumitomo Mitsui Asset Management Ltd has invested 2.53% in Facebook, Inc. (NASDAQ:FB). Moreover, Tradition Cap Mgmt Limited Liability Com has 0.46% invested in Facebook, Inc. (NASDAQ:FB) for 10,120 shares. 55,421 were reported by Jones Collombin Investment Counsel. Sigma Planning Corporation invested in 40,537 shares or 0.47% of the stock. Nadler Financial Gru stated it has 5,648 shares. Cornerstone Advsrs invested in 0.63% or 5,779 shares. Calamos Wealth Ltd Llc owns 82,556 shares or 1.65% of their US portfolio. New York-based Taconic Limited Partnership has invested 21.37% in Facebook, Inc. (NASDAQ:FB). Twin holds 1.51% or 183,320 shares. Halsey Assocs Ct reported 95,888 shares.

Since February 12, 2018, it had 0 insider buys, and 100 selling transactions for $4.63 billion activity. $2.00M worth of Facebook, Inc. (NASDAQ:FB) was sold by Wehner David M.. The insider Zuckerberg Mark sold $23.09 million. Shares for $149,250 were sold by Stretch Colin. 37,982 shares valued at $7.74 million were sold by Schroepfer Michael Todd on Tuesday, July 10. Sandberg Sheryl sold 55,000 shares worth $9.75 million. The insider FISCHER DAVID B. sold $822,440.

Whale Rock Capital Management Llc increased its stake in Facebook Inc (FB) by 21.16% based on its latest 2018Q1 regulatory filing with the SEC. Whale Rock Capital Management Llc bought 186,092 shares as the company’s stock declined 0.01% with the market. The hedge fund held 1.07 million shares of the technology company at the end of 2018Q1, valued at $170.25 million, up from 879,392 at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $535.32B market cap company. The stock increased 0.12% or $0.23 during the last trading session, reaching $185.41. About 4.44 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since August 9, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $2.94 billion US Long portfolio, decreased its stake in Lumentum Hldgs Inc by 283,706 shares to 1.44M shares, valued at $92.05 million in 2018Q1, according to the filing. It also reduced its holding in Shopify Inc by 167,595 shares in the quarter, leaving it with 1.47 million shares, and cut its stake in Ellie Mae Inc (NYSE:ELLI).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “How Facebook Became The Strongest Buy Of The Year” on August 06, 2018, also Seekingalpha.com with their article: “Buy The Pullback In Facebook?” published on August 08, 2018, Seekingalpha.com published: “Reports Of Facebook’s Death Are Greatly Exaggerated” on August 03, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Facebook (FB) 2nd Quarter Earnings: What to Expect” published on July 25, 2018 as well as Seekingalpha.com‘s news article titled: “Facebook: Short-Term Pain Equals Long-Term Gain” with publication date: August 07, 2018.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 29 analysts covering Facebook Inc (NASDAQ:FB), 25 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Facebook Inc has $275 highest and $168 lowest target. $222.04’s average target is 19.76% above currents $185.41 stock price. Facebook Inc had 55 analyst reports since March 19, 2018 according to SRatingsIntel. The stock has “Buy” rating by Monness on Thursday, April 26. On Tuesday, April 10 the stock rating was maintained by Wells Fargo with “Buy”. The firm earned “Neutral” rating on Thursday, July 26 by Nomura. Jefferies maintained the shares of FB in report on Sunday, April 8 with “Buy” rating. On Thursday, July 26 the stock rating was maintained by Morgan Stanley with “Overweight”. Barclays Capital maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 26. Barclays Capital has “Overweight” rating and $190 target. Monness maintained the stock with “Buy” rating in Wednesday, May 2 report. The firm has “Buy” rating by Cowen & Co given on Thursday, March 22. Barclays Capital maintained Facebook, Inc. (NASDAQ:FB) on Friday, July 13 with “Overweight” rating. The firm has “Outperform” rating given on Thursday, July 26 by Credit Suisse.

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

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