Dorsey Wright & Associates increased its position in Facebook Inc. (NASDAQ:FB) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 48,041 shares of the social networking company’s stock after buying an additional 2,275 shares during the period. Facebook makes up about 2.9% of Dorsey Wright & Associates’ portfolio, making the stock its 4th largest position. Dorsey Wright & Associates’ holdings in Facebook were worth $6,162,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FB. Vanguard Group Inc. raised its position in shares of 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 period. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 during the period. Capital World Investors raised its position 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 during the period. BlackRock Group LTD raised its position in shares of 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 during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of 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 during the period. Institutional investors and hedge funds own 56.19% of the company’s stock.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Shares of Facebook Inc. (NASDAQ:FB) traded up 0.29% during midday trading on Tuesday, reaching $120.76. 16,350,445 shares of the company’s stock traded hands. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $133.50. The stock has a market cap of $348.05 billion, a P/E ratio of 46.55 and a beta of 0.76. The stock has a 50 day moving average of $125.02 and a 200-day moving average of $122.59.

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

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FB has been the subject of a number of research reports. Jefferies Group reaffirmed a “buy” rating and set a $170.00 price target on shares of Facebook in a research note on Thursday, November 3rd. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $136.45 price target for the company in a research note on Monday, September 12th. Axiom Securities increased their price target on Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 3rd. Citigroup Inc. increased their price target on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, September 19th. Finally, Macquarie reaffirmed an “outperform” rating and set a $155.00 price target on shares of Facebook in a research note on Monday, October 10th. One 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 assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $150.70.

In other news, Director Jan Koum sold 1,566,668 shares of Facebook stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $129.70, for a total transaction of $203,196,839.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $127.26, for a total transaction of $95,445.00. Following the transaction, the vice president now owns 86,890 shares of the company’s stock, valued at $11,057,621.40. 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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