Mn Services Vermogensbeheer B.V. Increases Position in Facebook Inc (FB)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Facebook Inc (NASDAQ:FB) by 1.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 390,711 shares of the social networking company’s stock after buying an additional 4,500 shares during the period. Facebook makes up about 1.8% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 3rd largest position. Mn Services Vermogensbeheer B.V.’s holdings in Facebook were worth $66,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in FB. D. Scott Neal Inc. boosted its position in Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after purchasing an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Facebook in the second quarter worth $138,000. Vigilant Capital Management LLC boosted its position in Facebook by 17.8% in the second quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after purchasing an additional 150 shares during the last quarter. Odey Holdings AG boosted its position in Facebook by 5.4% in the second quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after purchasing an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in Facebook in the second quarter worth $165,000. 57.73% of the stock is currently owned by institutional investors.

In related news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total transaction of $468,234,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Thiel sold 160,805 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the transaction, the director now owns 6,311 shares of the company’s stock, valued at $1,129,037.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,182,199 shares of company stock worth $752,724,430. 17.23% of the stock is currently owned by corporate insiders.

Shares of Facebook Inc (FB) opened at $179.37 on Friday. Facebook Inc has a one year low of $126.78 and a one year high of $188.90. The stock has a market capitalization of $521,210.00, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities analysts expect that Facebook Inc will post 5.86 EPS for the current year.

Several research analysts have weighed in on the company. Credit Suisse Group reissued an “outperform” rating and issued a $232.00 price objective (up previously from $230.00) on shares of Facebook in a research report on Monday, January 8th. Stifel Nicolaus cut Facebook from a “buy” rating to a “hold” rating in a research report on Friday. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective on the stock in a research report on Monday, September 25th. Morgan Stanley reissued an “overweight” rating and issued a $195.00 price objective (up previously from $190.00) on shares of Facebook in a research report on Monday, October 2nd. Finally, Wells Fargo & Co set a $215.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have given a buy rating and three have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $203.72.

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Facebook Company 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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