Nikko Asset Management Americas Inc. boosted its position in shares of Facebook Inc. (NASDAQ:FB) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,700 shares of the social networking company’s stock after buying an additional 2,700 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Facebook were worth $3,040,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of 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. Third Point LLC acquired a new stake in Facebook during the second quarter worth approximately $428,550,000. Vanguard Group Inc. increased 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 during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Facebook during the second quarter worth approximately $369,509,000. Finally, Polen Capital Management LLC increased its stake in Facebook by 73.4% in the second quarter. Polen Capital Management LLC now owns 4,451,740 shares of the social networking company’s stock worth $508,745,000 after buying an additional 1,884,938 shares during the last quarter. 56.19% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.02% during mid-day trading on Monday, reaching $120.41. The company had a trading volume of 18,101,314 shares. The stock has a 50 day moving average price of $125.16 and a 200 day moving average price of $122.60. The firm has a market capitalization of $347.04 billion, a PE ratio of 46.42 and a beta of 0.76. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $133.50.

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

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A number of equities research analysts have recently issued reports on FB shares. Goldman Sachs Group Inc. restated a “buy” rating and set a $162.00 price target on shares of Facebook in a report on Saturday, October 22nd. Jefferies Group restated a “buy” rating and set a $170.00 price target on shares of Facebook in a report on Sunday, October 23rd. Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Facebook in a report on Friday, October 28th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price target on shares of Facebook in a report on Monday, October 31st. Finally, MKM Partners restated a “buy” rating and set a $165.00 price target on shares of Facebook in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $150.70.

In related news, COO Sheryl Sandberg sold 327,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $129.52, for a total transaction of $42,353,040.00. Following the transaction, the chief operating officer now directly owns 4,590,248 shares of the company’s stock, valued at approximately $594,528,920.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $125.98, for a total value of $1,965,288.00. Following the transaction, the insider now directly owns 389,325 shares in the company, valued at $49,047,163.50. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

Facebook Company Profile

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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