Two Sigma Advisers LP Has $297.20 Million Stock Holdings in Facebook, Inc. (NASDAQ:FB)

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Two Sigma Advisers LP grew its holdings in Facebook, Inc. (NASDAQ:FB) by 96.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,308,850 shares of the social networking company’s stock after buying an additional 642,600 shares during the quarter. Facebook accounts for approximately 0.9% of Two Sigma Advisers LP’s holdings, making the stock its 17th biggest holding. Two Sigma Advisers LP’s holdings in Facebook were worth $297,201,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Biltmore Capital Advisors LLC boosted its holdings in Facebook by 1.2% in the second quarter. Biltmore Capital Advisors LLC now owns 3,366 shares of the social networking company’s stock valued at $764,000 after acquiring an additional 40 shares during the last quarter. Strategic Wealth Management Group LLC boosted its holdings in shares of Facebook by 0.5% during the 2nd quarter. Strategic Wealth Management Group LLC now owns 9,152 shares of the social networking company’s stock worth $2,078,000 after buying an additional 43 shares in the last quarter. Genesee Capital Advisors LLC boosted its holdings in shares of Facebook by 1.6% during the 2nd quarter. Genesee Capital Advisors LLC now owns 2,787 shares of the social networking company’s stock worth $632,000 after buying an additional 44 shares in the last quarter. Parisi Gray Wealth Management boosted its holdings in shares of Facebook by 0.5% during the 2nd quarter. Parisi Gray Wealth Management now owns 9,175 shares of the social networking company’s stock worth $2,087,000 after buying an additional 44 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in shares of Facebook by 3.4% during the 1st quarter. Sun Life Financial INC now owns 1,465 shares of the social networking company’s stock worth $244,000 after buying an additional 48 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

A number of equities analysts have issued reports on FB shares. BidaskClub cut Facebook from a “buy” rating to a “hold” rating in a report on Saturday. Credit Suisse Group increased their price target on Facebook from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. HSBC increased their target price on Facebook from $190.00 to $195.00 and gave the stock a “reduce” rating in a report on Wednesday, August 5th. Wedbush increased their target price on Facebook from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Monness Crespi & Hardt increased their target price on Facebook from $230.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $281.33.

NASDAQ FB traded down $8.90 during trading hours on Wednesday, hitting $263.52. The company had a trading volume of 29,183,467 shares, compared to its average volume of 23,876,314. Facebook, Inc. has a 52 week low of $137.10 and a 52 week high of $304.67. The firm has a 50 day simple moving average of $268.38 and a 200 day simple moving average of $220.80. The firm has a market capitalization of $750.72 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.75 and a beta of 1.25.

Facebook (NASDAQ:FB) last issued its earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping 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 business had revenue of $18.69 billion during the quarter, compared to the consensus estimate of $17.29 billion. Sell-side analysts forecast that Facebook, Inc. will post 8.06 earnings per share for the current year.

In other news, CAO Susan J.S. Taylor sold 1,133 shares of Facebook stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $261.39, for a total transaction of $296,154.87. Following the completion of the sale, the chief accounting officer now owns 4,182 shares in the company, valued at approximately $1,093,132.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO David B. Fischer sold 13,110 shares of Facebook stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $293.95, for a total value of $3,853,684.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,669 shares of company stock valued at $9,039,215. Corporate insiders own 14.14% of the company’s stock.

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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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