Ninety One SA PTY Ltd Buys 5,875 Shares of Facebook, Inc. (NASDAQ:FB)

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Ninety One SA PTY Ltd grew its stake in shares of Facebook, Inc. (NASDAQ:FB) by 36.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,073 shares of the social networking company’s stock after purchasing an additional 5,875 shares during the period. Facebook makes up 2.0% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 11th largest holding. Ninety One SA PTY Ltd’s holdings in Facebook were worth $4,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Facebook by 1.1% during the second quarter. BlackRock Inc. now owns 161,273,433 shares of the social networking company’s stock valued at $36,620,359,000 after purchasing an additional 1,765,562 shares in the last quarter. State Street Corp lifted its position in Facebook by 1.2% during the first quarter. State Street Corp now owns 95,449,004 shares of the social networking company’s stock valued at $15,920,894,000 after buying an additional 1,132,053 shares during the period. Capital International Investors boosted its holdings in shares of Facebook by 14.1% during the 1st quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock valued at $8,604,068,000 after buying an additional 6,394,036 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Facebook by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 34,812,327 shares of the social networking company’s stock worth $5,794,733,000 after buying an additional 723,655 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Facebook by 11.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 24,179,742 shares of the social networking company’s stock worth $5,490,495,000 after acquiring an additional 2,431,190 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on FB shares. Citigroup raised their target price on shares of Facebook from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, August 24th. They noted that the move was a valuation call. UBS Group raised their price objective on Facebook from $242.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Royal Bank of Canada boosted their target price on Facebook from $271.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Robert W. Baird lifted their price target on Facebook from $240.00 to $300.00 in a research report on Thursday, June 25th. Finally, Susquehanna Bancshares upped their price target on shares of Facebook from $285.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and a consensus target price of $281.33.

NASDAQ:FB traded up $6.27 on Tuesday, reaching $272.42. 18,243,754 shares of the company’s stock traded hands, compared to its average volume of 23,845,961. The firm has a market cap of $758.21 billion, a PE ratio of 33.25, a P/E/G ratio of 1.75 and a beta of 1.25. The stock has a 50-day simple moving average of $266.83 and a 200-day simple moving average of $220.09. Facebook, Inc. has a 12 month low of $137.10 and a 12 month high of $304.67.

Facebook (NASDAQ:FB) last issued its earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.36. Facebook had a return on equity of 22.90% and a net margin of 31.29%. The company had revenue of $18.69 billion for the quarter, compared to the consensus estimate of $17.29 billion. As a group, sell-side analysts expect that Facebook, Inc. will post 8.06 EPS for the current year.

In other Facebook news, CRO David B. Fischer sold 13,110 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $293.95, for a total transaction of $3,853,684.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wehner sold 1,832 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $261.39, for a total value of $478,866.48. Following the transaction, the chief financial officer now owns 22,372 shares of the company’s stock, valued at approximately $5,847,817.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,669 shares of company stock worth $9,039,215. Company insiders own 14.14% of the company’s stock.

Facebook Company 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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