Utah Retirement Systems increased its stake in shares of Facebook, Inc. (NASDAQ:FB) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,000 shares of the social networking company’s stock after purchasing an additional 16,300 shares during the quarter. Facebook comprises about 1.5% of Utah Retirement Systems’ portfolio, making the stock its 5th biggest position. Utah Retirement Systems’ holdings in Facebook were worth $64,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Facebook by 0.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,030,162 shares of the social networking company’s stock valued at $910,434,000 after purchasing an additional 56,488 shares during the last quarter. Lbmc Investment Advisors LLC grew its stake in shares of Facebook by 31.0% during the second quarter. Lbmc Investment Advisors LLC now owns 1,904 shares of the social networking company’s stock valued at $287,000 after purchasing an additional 451 shares during the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Facebook during the second quarter valued at approximately $431,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Facebook by 16.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 545,493 shares of the social networking company’s stock valued at $82,359,000 after purchasing an additional 77,877 shares during the last quarter. Finally, Airain ltd bought a new stake in shares of Facebook during the second quarter valued at approximately $416,000. 57.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Facebook, Inc. (NASDAQ:FB) opened at $180.87 on Thursday. Facebook, Inc. has a 1-year low of $114.00 and a 1-year high of $182.90. The firm has a market cap of $528,450.25, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.67.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities analysts anticipate that Facebook, Inc. will post 5.86 EPS for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $166.85, for a total transaction of $125,137.50. Following the sale, the vice president now directly owns 96,268 shares of the company’s stock, valued at approximately $16,062,315.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $179.63, for a total transaction of $2,874,080.00. Following the sale, the insider now directly owns 56,622 shares in the company, valued at $10,171,009.86. The disclosure for this sale can be found here. Insiders have sold a total of 5,906,671 shares of company stock worth $1,042,295,487 over the last three months. Insiders own 17.23% of the company’s stock.

A number of brokerages have issued reports on FB. Zacks Investment Research raised shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a research note on Tuesday, November 7th. Aegis raised their price objective on shares of Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Citigroup Inc. raised their price objective on shares of Facebook from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. They noted that the move was a valuation call. UBS AG set a $208.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Barclays PLC raised their price objective on shares of Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $197.95.

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About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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