Swiss National Bank Purchases 113,800 Shares of Facebook Inc (FB)

Swiss National Bank lifted its position in shares of Facebook Inc (NASDAQ:FB) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,873,800 shares of the social networking company’s stock after buying an additional 113,800 shares during the period. Facebook makes up about 1.7% of Swiss National Bank’s holdings, making the stock its 3rd biggest holding. Swiss National Bank owned 305,550.58% of Facebook worth $1,516,266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FB. Palisade Capital Management LLC NJ increased its holdings in Facebook by 2.4% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Facebook by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after purchasing an additional 349,182 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Facebook by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after purchasing an additional 907 shares in the last quarter. Birinyi Associates Inc. increased its holdings in Facebook by 11.7% in the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in Facebook by 2.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock valued at $72,482,000 after purchasing an additional 11,940 shares in the last quarter. Institutional investors and hedge funds own 57.75% of the company’s stock.

FB has been the subject of several recent analyst reports. Credit Suisse Group restated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price for the company in a research note on Wednesday, January 10th. UBS Group set a $208.00 target price on Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Wedbush set a $225.00 target price on Facebook and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Deutsche Bank restated a “buy” rating on shares of Facebook in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company. Facebook has an average rating of “Buy” and a consensus price target of $203.72.

Facebook Inc (NASDAQ FB) opened at $177.60 on Thursday. Facebook Inc has a twelve month low of $126.78 and a twelve month high of $188.90. The stock has a market cap of $516,070.00, a PE ratio of 33.01, a price-to-earnings-growth ratio of 1.01 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $9.84 billion. During the same quarter last year, the company posted $1.09 earnings per share. Facebook’s revenue was up 47.3% on a year-over-year basis. sell-side analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other news, insider Michael Todd Schroepfer sold 38,017 shares of Facebook stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the sale, the insider now owns 381,521 shares of the company’s stock, valued at $71,661,089.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David B. Fischer sold 4,699 shares of Facebook stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $171.53, for a total value of $806,019.47. The disclosure for this sale can be found here. Insiders sold 4,181,449 shares of company stock worth $752,592,962 in the last three months. 17.23% of the stock is currently owned by corporate insiders.

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Facebook Company Profile

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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