Facebook, Inc. (FB) is Employees Retirement System of Texas’ 7th Largest Position

Employees Retirement System of Texas decreased its holdings in Facebook, Inc. (NASDAQ:FB) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 536,942 shares of the social networking company’s stock after selling 5,500 shares during the quarter. Facebook accounts for about 1.2% of Employees Retirement System of Texas’ investment portfolio, making the stock its 7th largest position. Employees Retirement System of Texas’ holdings in Facebook were worth $94,749,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Facebook by 3.6% during the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock worth $25,793,297,000 after purchasing an additional 5,107,163 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Facebook by 4.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock worth $2,221,204,000 after purchasing an additional 558,184 shares in the last quarter. American Century Companies Inc. grew its position in Facebook by 2.1% during the 4th quarter. American Century Companies Inc. now owns 11,968,526 shares of the social networking company’s stock worth $2,111,966,000 after purchasing an additional 246,365 shares in the last quarter. Legal & General Group Plc grew its position in Facebook by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 10,673,834 shares of the social networking company’s stock worth $1,823,809,000 after purchasing an additional 291,063 shares in the last quarter. Finally, Swiss National Bank grew its position in Facebook by 0.7% during the 4th quarter. Swiss National Bank now owns 8,935,800 shares of the social networking company’s stock worth $1,576,811,000 after purchasing an additional 62,000 shares in the last quarter. Hedge funds and other institutional investors own 58.67% of the company’s stock.

FB stock opened at $183.76 on Friday. Facebook, Inc. has a 1 year low of $182.76 and a 1 year high of $184.60. The firm has a market capitalization of $532.20 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.44. Facebook had a net margin of 40.03% and a return on equity of 27.74%. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $11.41 billion. During the same quarter in the previous year, the business earned $1.04 EPS. Facebook’s quarterly revenue was up 49.0% compared to the same quarter last year. research analysts forecast that Facebook, Inc. will post 7.64 earnings per share for the current year.

In related news, VP Colin Stretch sold 16,500 shares of Facebook stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $174.30, for a total value of $2,875,950.00. Following the completion of the sale, the vice president now owns 94,344 shares of the company’s stock, valued at approximately $16,444,159.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jan Koum sold 1,263,806 shares of Facebook stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $183.45, for a total transaction of $231,845,210.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,678,454 shares of company stock valued at $2,232,384,900. 17.23% of the stock is owned by company insiders.

FB has been the topic of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of Facebook in a research report on Thursday, February 1st. Evercore ISI lowered their price objective on shares of Facebook from $205.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 10th. BidaskClub upgraded shares of Facebook from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Macquarie reiterated a “buy” rating and set a $200.00 price objective on shares of Facebook in a research report on Tuesday, March 20th. Finally, JPMorgan Chase set a $242.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Facebook currently has a consensus rating of “Buy” and an average target price of $217.37.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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