Facebook Inc (FB) Stake Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in Facebook Inc (NASDAQ:FB) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288,917 shares of the social networking company’s stock after acquiring an additional 636 shares during the quarter. Facebook comprises approximately 0.8% of Mutual of America Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Mutual of America Capital Management LLC’s holdings in Facebook were worth $49,367,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC raised its holdings in shares of Facebook by 4.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,698 shares of the social networking company’s stock valued at $1,315,000 after buying an additional 342 shares during the period. Private Capital Advisors Inc. grew its stake in Facebook by 0.7% during the 3rd quarter. Private Capital Advisors Inc. now owns 47,098 shares of the social networking company’s stock valued at $8,048,000 after purchasing an additional 328 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Facebook during the 3rd quarter valued at approximately $292,000. Shell Asset Management Co. grew its position in shares of Facebook by 32.8% in the 3rd quarter. Shell Asset Management Co. now owns 295,363 shares of the social networking company’s stock worth $23,345,000 after acquiring an additional 72,955 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. grew its position in shares of Facebook by 100.3% in the 3rd quarter. Verde Servicos Internacionais S.A. now owns 64,539 shares of the social networking company’s stock worth $11,027,000 after acquiring an additional 32,310 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on FB. 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. Morgan Stanley set a $200.00 price target on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC boosted their target price on Facebook from $185.00 to $215.00 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, Canaccord Genuity boosted their price target on Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, forty-two have given a buy rating and four have given a strong buy rating to the stock. Facebook presently has an average rating of “Buy” and an average target price of $202.86.

In other news, Director Jan Koum sold 2,600,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total transaction of $468,234,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $176.23, for a total transaction of $132,172.50. Following the transaction, the vice president now directly owns 82,096 shares of the company’s stock, valued at $14,467,778.08. The disclosure for this sale can be found here. Insiders sold a total of 4,144,182 shares of company stock worth $745,583,697 in the last 90 days. 17.23% of the stock is currently owned by company insiders.

Shares of Facebook Inc (FB) traded down $0.07 during midday trading on Thursday, hitting $187.77. 8,951,100 shares of the stock traded hands, compared to its average volume of 16,740,000. Facebook Inc has a 52-week low of $124.06 and a 52-week high of $188.90. The firm has a market capitalization of $545,620.00, a price-to-earnings ratio of 34.90, a P/E/G ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. equities research analysts anticipate that Facebook Inc will post 5.86 earnings per share for the current year.

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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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