Facebook, Inc. (NASDAQ:FB) Stake Increased by Majedie Asset Management Ltd

Majedie Asset Management Ltd raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 95.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,857 shares of the social networking company’s stock after buying an additional 59,971 shares during the period. Facebook makes up 1.9% of Majedie Asset Management Ltd’s portfolio, making the stock its 9th largest position. Majedie Asset Management Ltd’s holdings in Facebook were worth $17,452,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Viking Global Investors LP increased its stake in Facebook by 1.2% in the fourth quarter. Viking Global Investors LP now owns 18,978,163 shares of the social networking company’s stock valued at $2,183,438,000 after buying an additional 228,753 shares during the period. Norges Bank acquired a new stake in Facebook during the fourth quarter valued at approximately $2,046,500,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock valued at $954,746,000 after buying an additional 71,206 shares during the period. Canada Pension Plan Investment Board increased its stake in Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock valued at $582,441,000 after buying an additional 620,686 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Facebook by 1.5% in the first quarter. Rhumbline Advisers now owns 3,741,605 shares of the social networking company’s stock valued at $531,495,000 after buying an additional 54,953 shares in the last quarter. Hedge funds and other institutional investors own 57.40% of the company’s stock.

Facebook, Inc. (FB) opened at 167.41 on Friday. The company has a market capitalization of $486.19 billion, a P/E ratio of 37.47 and a beta of 0.70. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The firm has a 50-day moving average price of $163.85 and a 200 day moving average price of $148.79.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. Analysts expect that Facebook, Inc. will post $5.33 EPS for the current year.

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Several equities analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of Facebook in a research note on Saturday, June 3rd. Barclays PLC reissued an “overweight” rating and issued a $168.00 price objective (up from $160.00) on shares of Facebook in a research note on Wednesday, July 12th. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $159.91 price objective on the stock in a research note on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $192.00 price target (up from $175.00) on shares of Facebook in a research note on Thursday, July 27th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $155.00 price target on shares of Facebook in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $183.47.

In other Facebook news, COO Sheryl Sandberg sold 163,500 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $149.55, for a total transaction of $24,451,425.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 279,533 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $152.04, for a total value of $42,500,197.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,702,398 shares of company stock valued at $2,054,828,660. 19.08% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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