Picton Mahoney Asset Management grew its stake in shares of Facebook Inc (NASDAQ:FB) by 73.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,675 shares of the social networking company’s stock after buying an additional 64,675 shares during the period. Facebook accounts for approximately 2.0% of Picton Mahoney Asset Management’s portfolio, making the stock its 6th largest holding. Picton Mahoney Asset Management’s holdings in Facebook were worth $26,088,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares in the last quarter. Capital World Investors grew its holdings in shares of Facebook by 1.5% during the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after purchasing an additional 833,810 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Facebook by 0.4% during the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after purchasing an additional 114,694 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Facebook by 6.4% during the second quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock worth $3,070,470,000 after purchasing an additional 1,219,412 shares in the last quarter. Hedge funds and other institutional investors own 57.67% of the company’s stock.

Shares of Facebook Inc (FB) opened at $179.52 on Thursday. Facebook Inc has a 12-month low of $132.55 and a 12-month high of $195.32. The firm has a market capitalization of $521,510.00, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion during the quarter, compared to the consensus estimate of $12.58 billion. equities analysts expect that Facebook Inc will post 7.22 earnings per share for the current fiscal year.

Several research analysts have recently commented on FB shares. Robert W. Baird set a $200.00 price objective on Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Atlantic Securities set a $215.00 price objective on Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. JPMorgan Chase & Co. reissued a “buy” rating and set a $225.00 price objective on shares of Facebook in a report on Thursday, November 2nd. Stifel Nicolaus cut their price objective on Facebook from $200.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Finally, Needham & Company LLC upped their target price on Facebook from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $214.70.

In related news, CEO Mark Zuckerberg sold 232,138 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $183.08, for a total transaction of $42,499,825.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $179.29, for a total value of $134,467.50. Following the transaction, the vice president now owns 86,296 shares of the company’s stock, valued at approximately $15,472,009.84. The disclosure for this sale can be found here. Insiders sold 1,116,259 shares of company stock valued at $200,172,247 in the last quarter. Corporate insiders own 17.23% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2018/02/15/facebook-inc-fb-stake-raised-by-picton-mahoney-asset-management.html.

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.

Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.