Centre Asset Management LLC maintained its stake in Facebook Inc. (NASDAQ:FB) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,400 shares of the social networking company’s stock at the end of the second quarter. Facebook comprises 2.8% of Centre Asset Management LLC’s portfolio, making the stock its 6th largest position. Centre Asset Management LLC’s holdings in Facebook were worth $16,134,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock worth $15,940,195,000 after buying an additional 3,400,653 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Facebook by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 59,448,041 shares of the social networking company’s stock worth $6,793,722,000 after buying an additional 995,651 shares in the last quarter. Capital World Investors boosted its stake in Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock worth $3,786,244,000 after buying an additional 9,686,624 shares in the last quarter. BlackRock Group LTD boosted its stake in Facebook by 2.9% in the second quarter. BlackRock Group LTD now owns 17,245,220 shares of the social networking company’s stock worth $1,970,785,000 after buying an additional 488,471 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Facebook by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 15,937,443 shares of the social networking company’s stock worth $1,821,331,000 after buying an additional 226,773 shares in the last quarter. 56.67% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) opened at 119.02 on Friday. The company has a market capitalization of $341.79 billion, a PE ratio of 56.89 and a beta of 0.76. Facebook Inc. has a one year low of $89.37 and a one year high of $133.50. The firm’s 50 day moving average price is $127.78 and its 200-day moving average price is $122.35.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 2nd. The social networking company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the prior year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 55.8% on a year-over-year basis. Equities analysts forecast that Facebook Inc. will post $4.09 earnings per share for the current fiscal year.

FB has been the subject of several research reports. Cowen and Company reaffirmed a “buy” rating and set a $145.00 price objective on shares of Facebook in a research note on Sunday, July 17th. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $135.00 price objective on shares of Facebook in a research note on Monday, July 18th. Robert W. Baird raised shares of Facebook to a “buy” rating in a research note on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating on shares of Facebook in a research note on Monday, July 18th. Finally, Macquarie reaffirmed an “outperform” rating on shares of Facebook in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-four have issued a buy rating and two have issued a strong buy rating to the company. Facebook currently has a consensus rating of “Buy” and an average target price of $150.97.

In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $121.70, for a total transaction of $91,275.00. Following the completion of the sale, the vice president now directly owns 80,690 shares in the company, valued at approximately $9,819,973. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jan Koum sold 1,566,668 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $129.70, for a total value of $203,196,839.60. The disclosure for this sale can be found here. 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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