WCM Investment Management CA boosted its stake in Facebook Inc. (NASDAQ:FB) by 31.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 254,157 shares of the social networking company’s stock after buying an additional 61,348 shares during the period. WCM Investment Management CA’s holdings in Facebook were worth $32,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FB. Virginia Retirement Systems ET AL boosted its position in shares of Facebook by 5.5% in the third quarter. Virginia Retirement Systems ET AL now owns 757,000 shares of the social networking company’s stock valued at $97,100,000 after buying an additional 39,300 shares during the period. Peregrine Capital Management LLC bought a new position in shares of Facebook during the third quarter valued at approximately $36,153,000. Mathes Company Inc. boosted its position in shares of Facebook by 1.2% in the third quarter. Mathes Company Inc. now owns 12,820 shares of the social networking company’s stock valued at $1,644,000 after buying an additional 150 shares during the period. Kissinger Financial Services LLC bought a new position in shares of Facebook during the third quarter valued at approximately $276,000. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of Facebook by 12.9% in the third quarter. Nikko Asset Management Americas Inc. now owns 23,700 shares of the social networking company’s stock valued at $3,040,000 after buying an additional 2,700 shares during the period. 56.19% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Facebook Inc. (NASDAQ:FB) traded up 0.9550% during trading on Tuesday, reaching $121.5599. The company had a trading volume of 3,949,561 shares. The firm’s 50 day moving average price is $125.02 and its 200 day moving average price is $122.59. Facebook Inc. has a 12-month low of $89.37 and a 12-month high of $133.50. The firm has a market capitalization of $350.36 billion, a PE ratio of 46.8619 and a beta of 0.76.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share for the quarter, beating the Zacks’ 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 business earned $7 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 55.8% on a year-over-year basis. Equities research analysts forecast that Facebook Inc. will post $4.09 EPS for the current year.

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FB has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Facebook in a research report on Monday, August 22nd. Axiom Securities reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Facebook in a research report on Thursday, August 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Facebook in a research report on Wednesday, August 17th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Facebook in a research report on Sunday, August 14th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Facebook in a research report on Wednesday, August 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 given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $150.70.

In related news, Director Jan Koum sold 1,566,668 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $115.83, for a total transaction of $1,806,948.00. Following the sale, the insider now directly owns 379,068 shares of the company’s stock, valued at approximately $43,907,446.44. The disclosure for this sale can be found here. Company 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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