Facebook, Inc. (FB) Holdings Increased by MARSHALL WACE ASIA Ltd

MARSHALL WACE ASIA Ltd raised its stake in shares of Facebook, Inc. (NASDAQ:FB) by 61.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 701,376 shares of the social networking company’s stock after acquiring an additional 266,383 shares during the period. Facebook makes up 5.4% of MARSHALL WACE ASIA Ltd’s investment portfolio, making the stock its 2nd biggest holding. MARSHALL WACE ASIA Ltd’s holdings in Facebook were worth $105,908,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Seatown Holdings Pte. Ltd. increased its position in Facebook by 147.0% during the 1st quarter. Seatown Holdings Pte. Ltd. now owns 296,351 shares of the social networking company’s stock worth $42,097,000 after purchasing an additional 176,351 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Facebook by 12.4% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,110,070 shares of the social networking company’s stock worth $157,685,000 after purchasing an additional 122,363 shares during the period. Parsons Capital Management Inc. RI increased its position in Facebook by 3.0% during the 1st quarter. Parsons Capital Management Inc. RI now owns 4,492 shares of the social networking company’s stock worth $638,000 after purchasing an additional 130 shares during the period. Oregon Public Employees Retirement Fund increased its position in Facebook by 0.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 521,864 shares of the social networking company’s stock worth $74,131,000 after purchasing an additional 3,000 shares during the period. Finally, Beaumont Financial Partners LLC increased its position in Facebook by 14.7% during the 1st quarter. Beaumont Financial Partners LLC now owns 5,808 shares of the social networking company’s stock worth $825,000 after purchasing an additional 745 shares during the period. 57.35% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $192.00 target price (up previously from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $180.74 target price on the stock in a research report on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and set a $195.00 target price (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Atlantic Securities set a $200.00 target price on Facebook and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, Pivotal Research restated a “sell” rating and issued a $140.00 price target on shares of Facebook in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and a consensus target price of $197.95.

In other Facebook news, CFO David M. Wehner sold 15,470 shares of Facebook stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $167.16, for a total transaction of $2,585,965.20. Following the transaction, the chief financial officer now directly owns 62,375 shares in the company, valued at approximately $10,426,605. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $180.27, for a total transaction of $2,884,320.00. Following the transaction, the insider now owns 49,816 shares in the company, valued at $8,980,330.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,890,410 shares of company stock worth $859,895,025. 19.08% of the stock is currently owned by company insiders.

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Shares of Facebook, Inc. (FB) opened at $178.07 on Wednesday. Facebook, Inc. has a twelve month low of $114.00 and a twelve month high of $182.90. The company has a market capitalization of $519,471.31, a P/E ratio of 34.44, a P/E/G ratio of 1.15 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. sell-side analysts anticipate that Facebook, Inc. will post 5.81 earnings per share for the current fiscal year.

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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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