Assenagon Asset Management S.A. Grows Position in Facebook Inc (NASDAQ:FB)

Assenagon Asset Management S.A. boosted its holdings in Facebook Inc (NASDAQ:FB) by 34,449.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,106,977 shares of the social networking company’s stock after acquiring an additional 1,103,773 shares during the quarter. Facebook comprises approximately 1.8% of Assenagon Asset Management S.A.’s portfolio, making the stock its 3rd biggest holding. Assenagon Asset Management S.A.’s holdings in Facebook were worth $189,149,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC raised its holdings in shares of Facebook by 10.8% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 10,140 shares of the social networking company’s stock worth $1,733,000 after purchasing an additional 991 shares during the period. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Facebook by 2.8% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 38,819 shares of the social networking company’s stock valued at $6,633,000 after buying an additional 1,070 shares during the period. Exane Derivatives raised its holdings in shares of Facebook by 496.1% during the 3rd quarter. Exane Derivatives now owns 13,800 shares of the social networking company’s stock valued at $2,358,000 after buying an additional 11,485 shares during the period. Lincoln Capital Corp raised its holdings in shares of Facebook by 33.3% during the 3rd quarter. Lincoln Capital Corp now owns 2,000 shares of the social networking company’s stock valued at $342,000 after buying an additional 500 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Facebook by 6.9% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 116,250 shares of the social networking company’s stock valued at $19,825,000 after buying an additional 7,463 shares during the period. 57.73% of the stock is currently owned by institutional investors.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total transaction of $3,050,119.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,144,182 shares of company stock worth $745,583,697. 17.23% of the stock is owned by company insiders.

Facebook Inc (NASDAQ FB) traded down $0.07 during midday trading on Thursday, hitting $187.77. 8,951,100 shares of the company’s stock were exchanged, compared to its average volume of 16,740,000. Facebook Inc has a 12-month low of $124.06 and a 12-month high of $188.90. The company has a market capitalization of $545,620.00, a PE ratio of 34.90, a PEG ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the 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 company 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 firm posted $1.09 earnings per share. Facebook’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts forecast that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

FB has been the subject of several research reports. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays boosted their price objective on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Needham & Company LLC lifted their price target on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush set a $225.00 target price on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, forty-two have assigned a buy rating and four have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $202.86.

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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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