Investec Asset Management LTD Has $282.04 Million Stake in Facebook Inc (FB)

Investec Asset Management LTD raised its stake in shares of Facebook Inc (NASDAQ:FB) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,650,581 shares of the social networking company’s stock after purchasing an additional 40,750 shares during the quarter. Facebook comprises about 1.2% of Investec Asset Management LTD’s investment portfolio, making the stock its 22nd largest position. Investec Asset Management LTD’s holdings in Facebook were worth $282,035,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Regal Investment Advisors LLC lifted its holdings in shares of Facebook by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock valued at $876,000 after purchasing an additional 18 shares in the last quarter. Halbert Hargrove Russell LLC lifted its stake in Facebook by 0.5% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock valued at $526,000 after acquiring an additional 19 shares in the last quarter. Aspen Investment Management Inc lifted its stake in Facebook by 0.4% in the 2nd quarter. Aspen Investment Management Inc now owns 6,915 shares of the social networking company’s stock valued at $1,044,000 after acquiring an additional 30 shares in the last quarter. Fort Pitt Capital Group LLC lifted its stake in Facebook by 2.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 1,609 shares of the social networking company’s stock valued at $243,000 after acquiring an additional 38 shares in the last quarter. Finally, New Amsterdam Partners LLC NY lifted its stake in Facebook by 0.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,808 shares of the social networking company’s stock valued at $877,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 57.67% of the company’s stock.

Several equities research analysts have commented on the company. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a research note on Wednesday, January 10th. Aegis boosted their target price on Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Citigroup restated a “buy” rating and issued a $220.00 target price on shares of Facebook in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 target price on Facebook and gave the company a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $214.70.

Facebook Inc (NASDAQ:FB) opened at $177.36 on Friday. Facebook Inc has a 1-year low of $132.90 and a 1-year high of $195.32. The company has a market capitalization of $522,783.81, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 0.93 and a beta of 0.59.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities research analysts predict that Facebook Inc will post 7.28 EPS for the current year.

In other news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $177.25, for a total transaction of $9,748,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 232,138 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $183.08, for a total value of $42,499,825.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,209,309 shares of company stock valued at $216,556,536. Corporate insiders own 17.23% of the company’s stock.

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About Facebook

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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