Public Employees Retirement System of Ohio Raises Holdings in Facebook Inc (FB)

Public Employees Retirement System of Ohio grew its holdings in shares of Facebook Inc (NASDAQ:FB) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,672,362 shares of the social networking company’s stock after purchasing an additional 66,829 shares during the period. Facebook comprises about 1.4% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 6th biggest position. Public Employees Retirement System of Ohio owned about 0.06% of Facebook worth $252,493,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FB. Hartford Financial Management Inc. increased its stake in shares of Facebook by 1.1% during the second quarter. Hartford Financial Management Inc. now owns 1,488 shares of the social networking company’s stock worth $224,000 after buying an additional 16 shares during the period. Regal Investment Advisors LLC increased its stake in shares of Facebook by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 5,800 shares of the social networking company’s stock worth $876,000 after buying an additional 18 shares during the period. Halbert Hargrove Russell LLC increased its stake in shares of Facebook by 0.5% during the second quarter. Halbert Hargrove Russell LLC now owns 3,485 shares of the social networking company’s stock worth $526,000 after buying an additional 19 shares during the period. Wagner Bowman Management Corp increased its stake in shares of Facebook by 0.5% during the second quarter. Wagner Bowman Management Corp now owns 4,997 shares of the social networking company’s stock worth $754,000 after buying an additional 25 shares during the period. Finally, Dumont & Blake Investment Advisors LLC increased its stake in shares of Facebook by 2.1% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 1,470 shares of the social networking company’s stock worth $222,000 after buying an additional 30 shares during the period. Institutional investors own 57.86% of the company’s stock.

A number of research firms recently weighed in on FB. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $198.52 target price on the stock in a research note on Wednesday. Wells Fargo & Company reiterated a “buy” rating and issued a $215.00 price target on shares of Facebook in a research note on Tuesday, December 5th. Evercore ISI assumed coverage on shares of Facebook in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $225.00 price target on the stock. MKM Partners increased their price target on shares of Facebook to $240.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the company. Facebook has a consensus rating of “Buy” and an average target price of $200.73.

Shares of Facebook Inc (NASDAQ FB) opened at $176.96 on Wednesday. Facebook Inc has a fifty-two week low of $114.77 and a fifty-two week high of $184.25. The firm has a market capitalization of $514,070.00, a price-to-earnings ratio of 34.49, a P/E/G ratio of 1.14 and a beta of 0.69.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same period last year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts predict that Facebook Inc will post 5.86 EPS for the current fiscal year.

In related news, insider Christopher K. Cox sold 16,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $170.71, for a total transaction of $2,731,360.00. Following the completion of the sale, the insider now directly owns 178,802 shares of the company’s stock, valued at $30,523,289.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $171.40, for a total value of $128,550.00. Following the sale, the vice president now directly owns 93,341 shares of the company’s stock, valued at $15,998,647.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,027,649 shares of company stock valued at $896,849,901. Corporate insiders own 17.23% of the company’s stock.

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Facebook Profile

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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