Livforsakringsbolaget Skandia Omsesidigt Grows Stake in Facebook, Inc. Common Stock (FB)

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Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Facebook, Inc. Common Stock (NASDAQ:FB) by 30.8% during the second quarter, HoldingsChannel reports. The firm owned 106,446 shares of the social networking company’s stock after acquiring an additional 25,050 shares during the period. Facebook, Inc. Common Stock accounts for about 1.9% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 4th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Facebook, Inc. Common Stock were worth $20,684,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FB. BlackRock Inc. lifted its position in Facebook, Inc. Common Stock by 2.0% in the 1st quarter. BlackRock Inc. now owns 149,137,226 shares of the social networking company’s stock valued at $23,830,637,000 after acquiring an additional 2,966,437 shares in the last quarter. Geode Capital Management LLC lifted its position in Facebook, Inc. Common Stock by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 25,433,759 shares of the social networking company’s stock valued at $4,478,724,000 after acquiring an additional 1,010,306 shares in the last quarter. Alliancebernstein L.P. lifted its position in Facebook, Inc. Common Stock by 3.1% in the 4th quarter. Alliancebernstein L.P. now owns 15,125,319 shares of the social networking company’s stock valued at $2,669,014,000 after acquiring an additional 458,048 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Facebook, Inc. Common Stock by 0.5% in the 1st quarter. Loomis Sayles & Co. L P now owns 12,937,287 shares of the social networking company’s stock valued at $2,067,249,000 after acquiring an additional 58,561 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its position in Facebook, Inc. Common Stock by 4,170.3% in the 1st quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock valued at $9,071,000 after acquiring an additional 8,858,520 shares in the last quarter. 60.42% of the stock is currently owned by institutional investors.

In related news, VP Colin Stretch sold 750 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $199.00, for a total value of $149,250.00. Following the completion of the transaction, the vice president now directly owns 91,615 shares in the company, valued at approximately $18,231,385. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher K. Cox sold 10,600 shares of Facebook, Inc. Common Stock stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $194.13, for a total transaction of $2,057,778.00. Following the completion of the transaction, the insider now owns 123,482 shares of the company’s stock, valued at $23,971,560.66. The disclosure for this sale can be found here. Insiders sold a total of 9,876,913 shares of company stock valued at $1,906,192,582 over the last quarter. 17.23% of the stock is owned by company insiders.

Several research firms have commented on FB. Wells Fargo & Co reiterated a “buy” rating and issued a $220.00 price objective (down previously from $250.00) on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Wedbush reiterated a “buy” rating and issued a $250.00 price objective on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Monness Crespi & Hardt decreased their price objective on shares of Facebook, Inc. Common Stock from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Citigroup lowered shares of Facebook, Inc. Common Stock to a “buy” rating and decreased their price objective for the company from $220.00 to $210.00 in a research note on Thursday, July 26th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “buy” rating and issued a $215.00 price objective (down previously from $245.00) on shares of Facebook, Inc. Common Stock in a research note on Thursday, July 26th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Facebook, Inc. Common Stock currently has an average rating of “Buy” and an average target price of $206.89.

Shares of FB stock opened at $162.32 on Friday. Facebook, Inc. Common Stock has a 12-month low of $149.02 and a 12-month high of $218.62. The company has a market cap of $470.61 billion, a PE ratio of 22.44, a P/E/G ratio of 1.04 and a beta of 0.49.

Facebook, Inc. Common Stock (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The company had revenue of $13.23 billion for the quarter, compared to analysts’ expectations of $13.35 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. research analysts expect that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current year.

Facebook, Inc. Common Stock Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Institutional Ownership by Quarter for Facebook, Inc. Common Stock (NASDAQ:FB)

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