Facebook, Inc. Common Stock (FB) is IFM Investors Pty Ltd’s 4th Largest Position

IFM Investors Pty Ltd raised its holdings in Facebook, Inc. Common Stock (NASDAQ:FB) by 46.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,539 shares of the social networking company’s stock after acquiring an additional 34,277 shares during the period. Facebook, Inc. Common Stock makes up 2.0% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 4th largest position. IFM Investors Pty Ltd’s holdings in Facebook, Inc. Common Stock were worth $21,091,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Taylor Hoffman Wealth Management purchased a new position in shares of Facebook, Inc. Common Stock during the 4th quarter valued at about $103,000. Santori & Peters Inc. purchased a new position in shares of Facebook, Inc. Common Stock during the 4th quarter valued at about $116,000. Risk Paradigm Group LLC raised its holdings in shares of Facebook, Inc. Common Stock by 81.4% during the 4th quarter. Risk Paradigm Group LLC now owns 655 shares of the social networking company’s stock valued at $116,000 after buying an additional 294 shares in the last quarter. Wagner Wealth Management LLC purchased a new position in shares of Facebook, Inc. Common Stock during the 4th quarter valued at about $183,000. Finally, BHK Investment Advisors LLC purchased a new position in shares of Facebook, Inc. Common Stock during the 1st quarter valued at about $202,000. 60.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FB stock opened at $161.36 on Friday. Facebook, Inc. Common Stock has a fifty-two week low of $149.02 and a fifty-two week high of $218.62. The company has a market capitalization of $482.06 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.06 and a beta of 0.49.

Facebook, Inc. Common Stock (NASDAQ:FB) last released its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The firm had revenue of $13.23 billion for the quarter, compared to the consensus estimate of $13.35 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. equities research analysts anticipate that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

In related news, VP Colin Stretch sold 750 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $199.00, for a total transaction of $149,250.00. Following the sale, the vice president now directly owns 91,615 shares in the company, valued at $18,231,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of $195.53, for a total value of $10,754,150.00. The disclosure for this sale can be found here. Insiders have sold 9,876,913 shares of company stock worth $1,906,192,582 over the last 90 days. 17.23% of the stock is currently owned by corporate insiders.

FB has been the topic of a number of research reports. Raymond James cut Facebook, Inc. Common Stock from a “strong-buy” rating to an “outperform” rating and set a $210.00 price objective on the stock. in a report on Thursday, July 26th. Royal Bank of Canada reissued a “buy” rating and set a $195.00 price objective on shares of Facebook, Inc. Common Stock in a report on Monday, September 3rd. Stifel Nicolaus reissued a “buy” rating and set a $202.00 price objective on shares of Facebook, Inc. Common Stock in a report on Thursday, August 23rd. MKM Partners decreased their price target on Facebook, Inc. Common Stock to $230.00 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $220.00 price target on shares of Facebook, Inc. Common Stock in a research note on Thursday, August 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $207.96.

Facebook, Inc. Common Stock Company Profile

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, Inc. Common Stock (NASDAQ:FB)

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