Facebook, Inc. (NASDAQ:FB) Shares Bought by Capital International Investors
Capital International Investors lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,189,119 shares of the social networking company’s stock after buying an additional 781,073 shares during the quarter. Facebook comprises about 3.2% of Capital International Investors’ holdings, making the stock its 3rd largest position. Capital International Investors’ holdings in Facebook were worth $9,275,066,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Executive Wealth Management LLC grew its stake in shares of Facebook by 10.1% during the third quarter. Executive Wealth Management LLC now owns 46,687 shares of the social networking company’s stock worth $8,313,000 after acquiring an additional 4,266 shares during the last quarter. UMA Financial Services Inc. purchased a new stake in shares of Facebook during the third quarter worth about $623,000. Voya Financial Advisors Inc. grew its stake in shares of Facebook by 3.1% during the third quarter. Voya Financial Advisors Inc. now owns 58,988 shares of the social networking company’s stock worth $10,447,000 after acquiring an additional 1,781 shares during the last quarter. State Street Corp grew its stake in shares of Facebook by 0.7% during the third quarter. State Street Corp now owns 93,435,833 shares of the social networking company’s stock worth $16,639,053,000 after acquiring an additional 627,442 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in shares of Facebook by 8.2% during the third quarter. Merit Financial Group LLC now owns 2,733 shares of the social networking company’s stock worth $487,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.
Shares of FB stock traded up $4.40 during trading hours on Thursday, hitting $160.61. 12,245,259 shares of the company’s stock were exchanged, compared to its average volume of 29,374,246. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09. The firm has a market cap of $457.28 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.04 and a beta of 1.03. The firm has a 50 day moving average of $189.00 and a two-hundred day moving average of $195.35. Facebook, Inc. has a fifty-two week low of $137.10 and a fifty-two week high of $224.20.
In related news, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $221.86, for a total transaction of $57,683.60. Following the completion of the sale, the vice president now directly owns 1,046 shares in the company, valued at $232,065.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO David B. Fischer sold 11,142 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $192.00, for a total value of $2,139,264.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,067 shares of company stock valued at $17,392,181. Corporate insiders own 14.53% of the company’s stock.
A number of equities research analysts have recently weighed in on FB shares. Deutsche Bank boosted their price target on Facebook from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. KeyCorp dropped their price target on Facebook from $263.00 to $248.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Needham & Company LLC reiterated a “hold” rating on shares of Facebook in a research report on Friday, March 6th. Guggenheim upped their target price on Facebook from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $230.00 target price on shares of Facebook in a research report on Wednesday, March 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $241.88.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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