First Pacific Advisors LLC lifted its position in Facebook, Inc. Common Stock (NASDAQ:FB) by 6,805.3% during the 1st quarter, Holdings Channel reports. The firm owned 2,023,239 shares of the social networking company’s stock after acquiring an additional 1,993,939 shares during the quarter. Facebook, Inc. Common Stock accounts for about 2.5% of First Pacific Advisors LLC’s investment portfolio, making the stock its 18th largest holding. First Pacific Advisors LLC’s holdings in Facebook, Inc. Common Stock were worth $323,293,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its stake in Facebook, Inc. Common Stock by 2.0% during the first quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock worth $23,830,637,000 after acquiring an additional 2,966,437 shares during the last quarter. Geode Capital Management LLC increased its stake in Facebook, Inc. Common Stock by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock worth $4,478,724,000 after acquiring an additional 1,010,306 shares during the last quarter. Alliancebernstein L.P. increased its stake in Facebook, Inc. Common Stock by 3.1% during the fourth quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock worth $2,669,014,000 after acquiring an additional 458,048 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Facebook, Inc. Common Stock by 0.5% during the first quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock worth $2,067,249,000 after acquiring an additional 58,561 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Facebook, Inc. Common Stock by 4.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 12,587,578 shares of the social networking company’s stock worth $2,221,204,000 after acquiring an additional 558,184 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ FB opened at $173.80 on Friday. The company has a market capitalization of $523.66 billion, a P/E ratio of 28.21, a PEG ratio of 1.15 and a beta of 0.40. Facebook, Inc. Common Stock has a 52-week low of $149.02 and a 52-week high of $218.62.

Facebook, Inc. Common Stock (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The firm had revenue of $13.23 billion during the quarter, compared to analysts’ expectations of $13.35 billion. Facebook, Inc. Common Stock had a net margin of 39.31% and a return on equity of 28.16%. The firm’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. research analysts expect that Facebook, Inc. Common Stock will post 7.08 EPS for the current fiscal year.

FB has been the topic of several analyst reports. ValuEngine raised Facebook, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Citigroup cut Facebook, Inc. Common Stock to a “buy” rating and reduced their price objective for the stock from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Credit Suisse Group set a $265.00 price objective on Facebook, Inc. Common Stock and gave the stock a “buy” rating in a research note on Monday, July 16th. Goldman Sachs Group reissued a “buy” rating and set a $225.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Monday, July 23rd. Finally, Pivotal Research reissued a “sell” rating and set a $138.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Friday, June 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $209.46.

In related news, insider Christopher K. Cox sold 10,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $184.83, for a total value of $1,959,198.00. Following the completion of the sale, the insider now owns 137,482 shares in the company, valued at $25,410,798.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $187.21, for a total value of $10,296,550.00. The disclosure for this sale can be found here. Insiders sold 13,271,334 shares of company stock valued at $2,576,976,314 in the last quarter. 16.25% of the stock is owned by company insiders.

Facebook, Inc. Common Stock Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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