Andra AP fonden Has $16.69 Million Stake in Facebook Inc (FB)

Andra AP fonden boosted its holdings in Facebook Inc (NASDAQ:FB) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,700 shares of the social networking company’s stock after acquiring an additional 2,300 shares during the quarter. Andra AP fonden’s holdings in Facebook were worth $16,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hartford Financial Management Inc. increased its stake in Facebook by 1.1% in the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock valued at $224,000 after acquiring an additional 16 shares during the period. Regal Investment Advisors LLC grew its stake in Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares during the last quarter. Halbert Hargrove Russell LLC grew its stake in Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares during the last quarter. Finally, Aspen Investment Management Inc grew its stake in Facebook by 0.4% during the second quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock worth $1,044,000 after buying an additional 30 shares during the last quarter. 57.75% of the stock is currently owned by institutional investors and hedge funds.

Facebook Inc (NASDAQ:FB) opened at $178.39 on Wednesday. Facebook Inc has a twelve month low of $126.78 and a twelve month high of $188.90. The firm has a market cap of $518,370.00, a P/E ratio of 33.16, a P/E/G ratio of 1.02 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. equities research analysts forecast that Facebook Inc will post 5.86 EPS for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 238,715 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $178.03, for a total transaction of $42,498,431.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the sale, the insider now directly owns 381,521 shares of the company’s stock, valued at approximately $71,661,089.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,181,449 shares of company stock worth $752,592,962. Company insiders own 17.23% of the company’s stock.

Several brokerages have weighed in on FB. Credit Suisse Group reaffirmed an “outperform” rating and set a $232.00 price objective (up from $230.00) on shares of Facebook in a research note on Monday, January 8th. Stifel Nicolaus cut shares of Facebook from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective on the stock in a research note on Monday, September 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $195.00 price objective (up from $190.00) on shares of Facebook in a research note on Monday, October 2nd. Finally, Wells Fargo & Co set a $215.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $203.72.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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