First Trust Advisors LP Has $684.92 Million Stock Holdings in Facebook, Inc. (NASDAQ:FB)

First Trust Advisors LP reduced its position in shares of Facebook, Inc. (NASDAQ:FB) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,846,128 shares of the social networking company’s stock after selling 630,229 shares during the period. Facebook accounts for approximately 1.3% of First Trust Advisors LP’s holdings, making the stock its 3rd biggest position. First Trust Advisors LP owned about 0.13% of Facebook worth $684,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuveen Asset Management LLC lifted its holdings in shares of Facebook by 5,336.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after acquiring an additional 22,082,561 shares during the period. Invesco Ltd. lifted its holdings in shares of Facebook by 36.5% during the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after acquiring an additional 9,368,684 shares during the period. Viking Global Investors LP lifted its holdings in shares of Facebook by 231.7% during the 2nd quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock worth $1,363,295,000 after acquiring an additional 4,934,406 shares during the period. BlackRock Inc. lifted its holdings in shares of Facebook by 2.8% during the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock worth $29,270,846,000 after acquiring an additional 4,114,043 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Facebook by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock worth $34,871,738,000 after acquiring an additional 3,465,756 shares during the period. 63.17% of the stock is owned by institutional investors and hedge funds.

Facebook stock traded up $0.42 during midday trading on Friday, hitting $190.84. 10,757,362 shares of the stock were exchanged, compared to its average volume of 16,776,662. The company has a fifty day simple moving average of $185.35 and a two-hundred day simple moving average of $187.21. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The stock has a market capitalization of $554.39 billion, a PE ratio of 25.21, a P/E/G ratio of 1.10 and a beta of 1.05. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business had revenue of $17.65 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the firm earned $1.76 EPS. Facebook’s quarterly revenue was up 28.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Facebook, Inc. will post 8.57 EPS for the current fiscal year.

In other news, CEO Mark Zuckerberg sold 125,600 shares of Facebook stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $186.10, for a total value of $23,374,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Thiel sold 22,246 shares of Facebook stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $182.00, for a total transaction of $4,048,772.00. Following the completion of the sale, the director now owns 9,948 shares in the company, valued at $1,810,536. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,681,364 shares of company stock worth $867,172,511. Insiders own 14.53% of the company’s stock.

FB has been the subject of a number of recent analyst reports. Mizuho dropped their target price on shares of Facebook from $247.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Robert W. Baird increased their target price on shares of Facebook from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. KeyCorp increased their target price on shares of Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. BMO Capital Markets dropped their target price on shares of Facebook from $197.00 to $185.00 and set a “market perform” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $205.00 target price (up previously from $180.00) on shares of Facebook in a research report on Monday, October 28th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $228.33.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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