Nisa Investment Advisors LLC increased its stake in Facebook, Inc. (NASDAQ:FB) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600,025 shares of the social networking company’s stock after buying an additional 8,394 shares during the period. Facebook comprises approximately 1.1% of Nisa Investment Advisors LLC’s portfolio, making the stock its 9th largest position. Nisa Investment Advisors LLC’s holdings in Facebook were worth $90,640,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Facebook during the fourth quarter worth $2,046,500,000. State Street Corp raised its position in shares of Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the period. HPM Partners LLC acquired a new position in shares of Facebook during the first quarter worth $195,602,000. Alecta Pensionsforsakring Omsesidigt raised its position in shares of Facebook by 131.8% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock worth $279,838,000 after buying an additional 1,120,000 shares during the period. Finally, Karp Capital Management Corp raised its position in shares of Facebook by 6,222.5% in the first quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock worth $127,334,000 after buying an additional 882,228 shares during the period. 57.60% of the stock is owned by hedge funds and other institutional investors.
Facebook, Inc. (FB) traded down 0.03% on Wednesday, hitting $171.18. The stock had a trading volume of 10,814,984 shares. The stock has a market cap of $497.14 billion, a P/E ratio of 38.31 and a beta of 0.70. Facebook, Inc. has a one year low of $113.55 and a one year high of $175.49. The company’s 50-day moving average is $159.02 and its 200-day moving average is $145.93.
Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, analysts anticipate that Facebook, Inc. will post $5.33 earnings per share for the current fiscal year.
A number of brokerages have weighed in on FB. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday. Pivotal Research lowered shares of Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday. MKM Partners reaffirmed a “buy” rating on shares of Facebook in a research report on Monday. Mizuho reaffirmed a “buy” rating on shares of Facebook in a research report on Monday. Finally, Oppenheimer Holdings, Inc. set a $195.00 price target on shares of Facebook and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus price target of $180.91.
In other Facebook news, Director Jan Koum sold 594,246 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $149.73, for a total transaction of $88,976,453.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Desmond-Hellmann sold 209 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $144.67, for a total transaction of $30,236.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,183,113 shares of company stock worth $1,607,154,643. 19.08% of the stock is owned by corporate insiders.
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.
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