Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 77,877 Shares of Facebook Inc (NASDAQ:FB)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Facebook Inc (NASDAQ:FB) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,493 shares of the social networking company’s stock after acquiring an additional 77,877 shares during the quarter. Facebook makes up about 1.7% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 5th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Facebook were worth $82,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FB. State Street Corp grew its stake in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after acquiring an additional 1,536,158 shares during the period. Jennison Associates LLC grew its stake in Facebook by 6.4% in the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after acquiring an additional 1,219,412 shares during the period. Legal & General Group Plc boosted its position in shares of Facebook by 6.2% during the second quarter. Legal & General Group Plc now owns 10,382,771 shares of the social networking company’s stock worth $1,567,582,000 after buying an additional 602,162 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Facebook by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock worth $1,128,745,000 after buying an additional 349,182 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Facebook by 2.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,883,858 shares of the social networking company’s stock worth $1,039,325,000 after buying an additional 162,659 shares during the period. Institutional investors own 57.86% of the company’s stock.

Several research analysts have recently weighed in on FB shares. Zacks Investment Research cut Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen reissued an “outperform” rating and set a $195.00 price target on shares of Facebook in a research report on Thursday, August 10th. SunTrust Banks initiated coverage on Facebook in a research report on Tuesday, August 15th. They set a “buy” rating and a $210.00 price target for the company. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $174.15 price target for the company in a research report on Monday, August 21st. Finally, Robert W. Baird reissued a “buy” rating and set a $185.00 price target on shares of Facebook in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $200.70.

Shares of Facebook Inc (NASDAQ:FB) traded up $4.08 during mid-day trading on Thursday, hitting $180.14. The company’s stock had a trading volume of 20,361,248 shares, compared to its average volume of 16,960,707. The firm has a market cap of $502,210.81, a P/E ratio of 33.30, a PEG ratio of 1.10 and a beta of 0.69. Facebook Inc has a 52-week low of $114.77 and a 52-week high of $184.25.

Facebook (NASDAQ:FB) last issued its earnings results 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. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s revenue was up 47.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. equities analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In related news, CEO Mark Zuckerberg sold 247,147 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $171.96, for a total transaction of $42,499,398.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jan Koum sold 2,600,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,179,772 shares of company stock worth $921,968,896. Company insiders own 17.23% of the company’s stock.

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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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