Saban Capital Group LLC Has $5.30 Million Stock Position in Facebook, Inc. (NASDAQ:FB)

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Saban Capital Group LLC raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,455 shares of the social networking company’s stock after purchasing an additional 1,840 shares during the period. Facebook accounts for about 9.0% of Saban Capital Group LLC’s holdings, making the stock its 5th largest holding. Saban Capital Group LLC’s holdings in Facebook were worth $5,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in shares of Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock worth $540,000 after acquiring an additional 70,263,213 shares in the last quarter. Jennison Associates LLC raised its position in shares of Facebook by 12.4% in the 2nd quarter. Jennison Associates LLC now owns 15,973,272 shares of the social networking company’s stock worth $3,082,841,000 after acquiring an additional 1,758,154 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Facebook by 1.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,604,448 shares of the social networking company’s stock worth $1,853,658,000 after acquiring an additional 101,003 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Facebook by 16.8% in the 1st quarter. Clearbridge Investments LLC now owns 8,783,577 shares of the social networking company’s stock worth $1,464,134,000 after acquiring an additional 1,266,152 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Facebook by 8.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,257,177 shares of the social networking company’s stock worth $1,593,606,000 after acquiring an additional 628,233 shares in the last quarter. 62.44% of the stock is owned by institutional investors and hedge funds.

In other Facebook news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $200.81, for a total transaction of $11,044,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Susan J.S. Taylor sold 1,134 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total value of $210,300.30. Following the sale, the chief accounting officer now directly owns 1,037 shares in the company, valued at $192,311.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,378,377 shares of company stock worth $255,599,943. Insiders own 14.53% of the company’s stock.

Facebook stock traded up $1.22 during trading on Tuesday, reaching $181.58. The company had a trading volume of 9,878,967 shares, compared to its average volume of 14,234,846. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66. The firm’s 50-day simple moving average is $192.30 and its 200 day simple moving average is $181.05. The firm has a market capitalization of $507.11 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Facebook had a return on equity of 20.09% and a net margin of 27.26%. Facebook’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. On average, analysts predict that Facebook, Inc. will post 8.03 earnings per share for the current year.

A number of research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Facebook from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. SunTrust Banks reaffirmed a “buy” rating and set a $215.00 price objective on shares of Facebook in a research report on Tuesday, July 23rd. Robert W. Baird raised their price objective on Facebook from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada reaffirmed a “buy” rating and set a $260.00 price objective on shares of Facebook in a research report on Thursday, July 25th. Finally, Susquehanna Bancshares raised their price objective on Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus price target of $220.92.

Facebook Profile

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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