Facebook Inc (FB) Shares Bought by Investec Asset Management LTD

Investec Asset Management LTD lifted its stake in Facebook Inc (NASDAQ:FB) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650,581 shares of the social networking company’s stock after purchasing an additional 40,750 shares during the quarter. Facebook accounts for 1.2% of Investec Asset Management LTD’s portfolio, making the stock its 22nd largest position. Investec Asset Management LTD owned about 0.06% of Facebook worth $282,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FB. Moisand Fitzgerald Tamayo LLC acquired a new position in Facebook in the third quarter worth approximately $111,000. Mountain Capital Investment Advisors Inc acquired a new position in Facebook in the second quarter worth approximately $138,000. Stelac Advisory Services LLC acquired a new position in Facebook in the third quarter worth approximately $152,000. Odey Holdings AG increased its holdings in Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after buying an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in Facebook in the second quarter worth approximately $165,000. 57.67% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on FB shares. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the stock a “buy” rating in a report on Friday, October 20th. BidaskClub downgraded Facebook from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. Monness Crespi & Hardt upgraded Facebook from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Friday, October 27th. Wedbush set a $225.00 price objective on Facebook and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $190.00 price objective on shares of Facebook in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Facebook has an average rating of “Buy” and an average price target of $214.70.

In other Facebook news, CEO Mark Zuckerberg sold 232,138 shares of Facebook stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.08, for a total transaction of $42,499,825.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.25, for a total value of $9,748,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,209,309 shares of company stock valued at $216,556,536. Company insiders own 17.23% of the company’s stock.

Facebook Inc (NASDAQ FB) opened at $177.36 on Friday. The company has a market capitalization of $522,783.81, a price-to-earnings ratio of 32.91, a P/E/G ratio of 0.93 and a beta of 0.59. Facebook Inc has a 12-month low of $132.90 and a 12-month high of $195.32.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The firm had revenue of $12.97 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. equities analysts predict that Facebook Inc will post 7.28 EPS for the current fiscal year.

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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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