South State Corp grew its holdings in shares of Facebook Inc (NASDAQ:FB) by 23.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,638 shares of the social networking company’s stock after buying an additional 308 shares during the period. South State Corp’s holdings in Facebook were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Facebook by 283.6% in the 2nd quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Facebook by 28.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after purchasing an additional 2,361,166 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Facebook by 19.0% in the 3rd quarter. American Century Companies Inc. now owns 11,722,161 shares of the social networking company’s stock worth $2,002,966,000 after purchasing an additional 1,873,961 shares in the last quarter. Hedge funds and other institutional investors own 57.67% of the company’s stock.

In related news, Director Jan Koum sold 594,246 shares of Facebook stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $179.35, for a total value of $106,578,020.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of Facebook stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total value of $2,874,080.00. Following the completion of the sale, the insider now directly owns 56,622 shares of the company’s stock, valued at approximately $10,171,009.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,548,013 shares of company stock valued at $278,500,923. Insiders own 17.23% of the company’s stock.

A number of brokerages recently issued reports on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a report on Wednesday, January 10th. Aegis increased their target price on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Citigroup reiterated a “buy” rating and issued a $220.00 target price on shares of Facebook in a report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 target price on Facebook and gave the stock a “buy” rating in a report on Thursday, February 1st. One 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $214.59.

Shares of Facebook Inc (NASDAQ FB) opened at $176.11 on Monday. Facebook Inc has a 12-month low of $132.55 and a 12-month high of $195.32. The stock has a market capitalization of $511,599.56, a price-to-earnings ratio of 32.67, a PEG ratio of 0.92 and a beta of 0.59.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 31st. The social networking company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion during the quarter, compared to analyst estimates of $12.58 billion. analysts predict that Facebook Inc will post 7.22 EPS for the current year.

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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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