Franklin Street Advisors Inc. NC boosted its position in shares of Facebook Inc (NASDAQ:FB) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 75,117 shares of the social networking company’s stock after acquiring an additional 3,677 shares during the quarter. Facebook comprises about 2.0% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 12th largest position. Franklin Street Advisors Inc. NC’s holdings in Facebook were worth $13,255,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after buying an additional 5,151,190 shares during the period. BlackRock Inc. lifted its holdings in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after buying an additional 4,032,727 shares during the period. Capital World Investors lifted its holdings in shares of Facebook by 1.5% in the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after buying an additional 833,810 shares during the period. Northern Trust Corp lifted its holdings in shares of Facebook by 0.4% in the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after buying an additional 114,694 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Facebook by 1.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 16,088,607 shares of the social networking company’s stock valued at $2,429,058,000 after buying an additional 198,882 shares during the period. 58.48% of the stock is owned by institutional investors.
In related news, insider Michael Todd Schroepfer sold 38,017 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total value of $7,140,733.11. Following the transaction, the insider now directly owns 381,521 shares in the company, valued at $71,661,089.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The disclosure for this sale can be found here. Insiders sold 4,467,131 shares of company stock valued at $798,223,122 over the last 90 days. Company insiders own 17.23% of the company’s stock.
Shares of Facebook Inc (FB) opened at $184.76 on Tuesday. The stock has a market capitalization of $536,730.00, a P/E ratio of 29.99, a PEG ratio of 0.96 and a beta of 0.64. Facebook Inc has a 52-week low of $137.60 and a 52-week high of $195.32.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. The business had revenue of $12.97 billion during 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%. analysts forecast that Facebook Inc will post 7.28 EPS 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.
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