Artemis Investment Management LLP raised its position in Facebook Inc. (NASDAQ:FB) by 154.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 638,081 shares of the social networking company’s stock after buying an additional 386,906 shares during the period. Facebook makes up 1.2% of Artemis Investment Management LLP’s holdings, making the stock its 21st largest position. Artemis Investment Management LLP’s holdings in Facebook were worth $72,923,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock valued at $9,792,722,000 after buying an additional 1,950,433 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Facebook during the second quarter worth $206,083,000. Prudential Financial Inc. increased its position in shares of Facebook by 44.3% in the first quarter. Prudential Financial Inc. now owns 5,346,954 shares of the social networking company’s stock worth $610,087,000 after buying an additional 1,642,535 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Facebook by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 58,452,390 shares of the social networking company’s stock worth $6,669,418,000 after buying an additional 1,308,609 shares during the period. Finally, Credit Agricole S A increased its position in shares of Facebook by 89.8% in the first quarter. Credit Agricole S A now owns 2,413,768 shares of the social networking company’s stock worth $275,411,000 after buying an additional 1,141,775 shares during the period. Institutional investors and hedge funds own 56.61% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.19% during mid-day trading on Friday, hitting $128.99. 12,804,420 shares of the stock traded hands. The company has a market cap of $370.42 billion, a P/E ratio of 61.66 and a beta of 0.77. Facebook Inc. has a one year low of $89.37 and a one year high of $131.98. The stock has a 50 day moving average price of $127.57 and a 200-day moving average price of $119.71.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The firm’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, analysts forecast that Facebook Inc. will post $3.94 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on FB. JPMorgan Chase & Co. restated an “overweight” rating and set a $170.00 price objective on shares of Facebook in a research report on Friday, September 9th. Loop Capital began coverage on shares of Facebook in a research report on Thursday, September 22nd. They set a “buy” rating and a $165.00 price objective on the stock. They noted that the move was a valuation call. Credit Agricole SA restated a “buy” rating on shares of Facebook in a research report on Friday, September 23rd. Robert W. Baird restated an “outperform” rating and set a $155.00 price objective on shares of Facebook in a research report on Tuesday, September 6th. Finally, Vetr downgraded shares of Facebook from a “buy” rating to a “hold” rating and set a $134.63 price objective on the stock. in a research report on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, forty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $149.99.

In other news, Director Jan Koum sold 1,721,436 shares of the business’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $118.13, for a total transaction of $203,353,234.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David B. Fischer sold 35,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $130.32, for a total value of $4,561,200.00. Following the sale, the vice president now owns 204,686 shares of the company’s stock, valued at approximately $26,674,679.52. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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