British Airways Pensions Investment Management Ltd maintained its position in Facebook, Inc. (NASDAQ:FB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 351,282 shares of the social networking company’s stock at the end of the second quarter. Facebook accounts for approximately 1.5% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 14th biggest holding. British Airways Pensions Investment Management Ltd’s holdings in Facebook were worth $53,006,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp grew its position in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after acquiring an additional 1,536,158 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Facebook by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,126,937 shares of the social networking company’s stock valued at $1,012,382,000 after acquiring an additional 349,947 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock valued at $954,746,000 after acquiring an additional 71,206 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock valued at $582,441,000 after acquiring an additional 620,686 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Facebook by 1.5% in the first quarter. Rhumbline Advisers now owns 3,741,605 shares of the social networking company’s stock valued at $531,495,000 after acquiring an additional 54,953 shares during the last quarter. 57.24% of the stock is owned by institutional investors and hedge funds.

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In other news, CEO Mark Zuckerberg sold 123,485 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $172.08, for a total value of $21,249,298.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $175.29, for a total value of $131,467.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,746,300 shares of company stock valued at $979,833,429. 19.08% of the stock is currently owned by company insiders.

Facebook, Inc. (NASDAQ:FB) opened at 174.98 on Monday. The firm has a market capitalization of $508.18 billion, a price-to-earnings ratio of 39.16 and a beta of 0.70. The stock’s 50 day moving average price is $171.50 and its 200-day moving average price is $159.49. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $176.74.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities analysts anticipate that Facebook, Inc. will post $5.34 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. Cowen and Company reiterated an “outperform” rating and issued a $195.00 target price on shares of Facebook in a research report on Thursday, August 10th. Citigroup Inc. reiterated a “buy” rating and issued a $200.00 target price on shares of Facebook in a research report on Wednesday, September 27th. FBN Securities reiterated an “outperform” rating and issued a $120.00 target price on shares of Facebook in a research report on Wednesday, September 27th. Pivotal Research cut Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $185.00 target price (up previously from $163.00) on shares of Facebook in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-three have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $185.38.

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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