Dupont Capital Management Corp Buys 36,216 Shares of Facebook, Inc. (FB)

Dupont Capital Management Corp raised its position in Facebook, Inc. (NASDAQ:FB) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,743 shares of the social networking company’s stock after buying an additional 36,216 shares during the quarter. Facebook makes up approximately 1.0% of Dupont Capital Management Corp’s portfolio, making the stock its 9th biggest position. Dupont Capital Management Corp’s holdings in Facebook were worth $46,614,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its position in shares of Facebook by 15,047.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after acquiring an additional 2,523,918 shares in the last quarter. State Street Corp lifted its position in Facebook by 1.7% during the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the period. HPM Partners LLC purchased a new position in shares of Facebook in the 1st quarter worth about $195,602,000. Alecta Pensionsforsakring Omsesidigt grew its stake in Facebook by 131.8% during the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock valued at $279,838,000 after purchasing an additional 1,120,000 shares in the last quarter. Finally, Karp Capital Management Corp grew its stake in Facebook by 6,222.5% during the 1st quarter. Karp Capital Management Corp now owns 896,406 shares of the social networking company’s stock valued at $127,334,000 after purchasing an additional 882,228 shares in the last quarter. Institutional investors and hedge funds own 57.27% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research note on Tuesday, November 7th. Aegis lifted their target price on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Citigroup Inc. lifted their target price on Facebook from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS AG set a $208.00 target price on Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Barclays PLC lifted their price target on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $197.95.

Facebook, Inc. (NASDAQ:FB) opened at $178.46 on Friday. Facebook, Inc. has a 1 year low of $113.55 and a 1 year high of $182.90. The firm has a market cap of $518,570.53, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The business 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 business posted $1.09 earnings per share. The business’s revenue was up 47.3% compared to the same quarter last year. equities analysts expect that Facebook, Inc. will post 5.81 earnings per share for the current fiscal year.

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In related news, VP David B. Fischer sold 16,298 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $168.88, for a total value of $2,752,406.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $171.15, for a total transaction of $128,362.50. Following the completion of the sale, the vice president now directly owns 90,087 shares of the company’s stock, valued at $15,418,390.05. The disclosure for this sale can be found here. Insiders have sold 8,218,261 shares of company stock worth $1,426,368,008 in the last quarter. Company insiders own 19.08% of the company’s stock.

About Facebook

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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