WS Management Lllp Has $92.54 Million Holdings in Facebook Inc (FB)

WS Management Lllp raised its stake in Facebook Inc (NASDAQ:FB) by 10.2% during the third quarter, Holdings Channel reports. The firm owned 541,600 shares of the social networking company’s stock after purchasing an additional 50,000 shares during the period. Facebook makes up about 2.3% of WS Management Lllp’s holdings, making the stock its 6th biggest holding. WS Management Lllp’s holdings in Facebook were worth $92,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FB. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Facebook by 3.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,115,741 shares of the social networking company’s stock valued at $1,215,867,000 after acquiring an additional 231,883 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Facebook by 4.9% during the 2nd 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Facebook by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock worth $26,514,000 after buying an additional 907 shares during the period. Xact Kapitalforvaltning AB increased its stake in Facebook by 2.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 424,191 shares of the social networking company’s stock worth $72,482,000 after buying an additional 11,940 shares during the period. Finally, Birinyi Associates Inc. increased its stake in Facebook by 11.7% during the 2nd quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock worth $4,605,000 after buying an additional 3,200 shares during the period. Institutional investors own 57.32% of the company’s stock.

Shares of Facebook Inc (FB) opened at $177.91 on Thursday. Facebook Inc has a 1 year low of $133.46 and a 1 year high of $195.32. The firm has a market cap of $511,309.03, a PE ratio of 33.01, a P/E/G ratio of 0.91 and a beta of 0.59.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The business had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. sell-side analysts predict that Facebook Inc will post 7.28 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $232.00 price target (up previously from $230.00) on shares of Facebook in a research note on Monday, January 8th. Stifel Nicolaus downgraded shares of Facebook from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Barclays lifted their price target on shares of Facebook from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird set a $225.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Atlantic Securities set a $215.00 price target on shares of Facebook and gave the stock a “buy” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $214.70.

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total transaction of $128,700.00. Following the completion of the transaction, the vice president now directly owns 84,246 shares of the company’s stock, valued at approximately $14,456,613.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan Koum sold 1,253,906 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $176.51, for a total transaction of $221,326,948.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,762,530 shares of company stock valued at $490,711,179. Insiders own 17.23% of the company’s stock.

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Facebook 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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