Banque Pictet & Cie Sa decreased its stake in Facebook Inc (FB) by 2.49% based on its latest 2019Q1 regulatory filing with the SEC. Banque Pictet & Cie Sa sold 18,184 shares as the company’s stock rose 0.62% . The institutional investor held 713,193 shares of the technology company at the end of 2019Q1, valued at $118.88M, down from 731,377 at the end of the previous reported quarter. Banque Pictet & Cie Sa who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $550.43B market cap company. The stock decreased 1.21% or $2.31 during the last trading session, reaching $187.85. About 11.06M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 13.54% since August 10, 2018 and is uptrending. It has outperformed by 13.54% the S&P500. Some Historical FB News: 10/05/2018 – Facebook, for its part, has admitted it failed to adequately curtail abuse of its systems and has made changes to its policies and advertising systems; 26/04/2018 – New York Post:

https://nbonews.com/mgic-investment-corp-mtg-shareholder-oarsman-capital-has-decreased-its-holding-by-1-28-million-as-stock-declined-banque-pictet-cie-sa-has-cut-facebook-fb-position-by-3-02-million/