National Asset Management Inc. raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 37.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 62,586 shares of the social networking company’s stock after buying an additional 17,054 shares during the period. Facebook makes up approximately 1.3% of National Asset Management Inc.’s portfolio, making the stock its 10th largest position. National Asset Management Inc.’s holdings in Facebook were worth $12,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FB. Oregon Public Employees Retirement Fund boosted its holdings in shares of Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Facebook by 19,805.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock valued at $226,408,000 after buying an additional 2,252,709 shares during the last quarter. Investec Asset Management LTD boosted its holdings in shares of Facebook by 5,632.6% in the 2nd quarter. Investec Asset Management LTD now owns 2,182,413 shares of the social networking company’s stock valued at $421,206,000 after buying an additional 2,144,343 shares during the last quarter. Sanders Capital LLC boosted its holdings in shares of Facebook by 132.5% in the 4th quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock valued at $522,620,000 after buying an additional 2,031,500 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in shares of Facebook by 49.5% in the 4th quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock valued at $542,663,000 after buying an additional 1,370,767 shares during the last quarter. 62.44% of the stock is owned by institutional investors.

Shares of FB traded up $1.23 during midday trading on Wednesday, reaching $185.04. 3,946,944 shares of the stock were exchanged, compared to its average volume of 17,668,508. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. The company has a market cap of $524.09 billion, a P/E ratio of 24.44, a PEG ratio of 1.08 and a beta of 0.99. The stock’s 50 day simple moving average is $194.28 and its 200 day simple moving average is $180.70.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The company had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue was up 27.6% on a year-over-year basis. As a group, analysts predict that Facebook, Inc. will post 7.96 earnings per share for the current year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $182.63, for a total value of $10,044,650.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 237,823 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $182.75, for a total value of $43,462,153.25. The disclosure for this sale can be found here. Insiders have sold 1,088,886 shares of company stock valued at $202,031,242 in the last three months. Insiders own 14.53% of the company’s stock.

Several equities research analysts have recently commented on FB shares. MKM Partners reissued a “buy” rating and issued a $245.00 price objective (up previously from $190.00) on shares of Facebook in a report on Friday, August 2nd. Oppenheimer increased their price objective on Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Credit Suisse Group increased their price objective on Facebook from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Cowen reaffirmed an “outperform” rating and set a $225.00 price target (up previously from $195.00) on shares of Facebook in a report on Thursday, April 25th. Finally, Mizuho raised their price target on Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have given a buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average price target of $220.92.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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