United Capital Financial Advisers LLC Boosts Stock Holdings in Facebook, Inc. (NASDAQ:FB)

United Capital Financial Advisers LLC raised its holdings in Facebook, Inc. (NASDAQ:FB) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,040 shares of the social networking company’s stock after purchasing an additional 14,286 shares during the period. United Capital Financial Advisers LLC’s holdings in Facebook were worth $38,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in Facebook by 13,908.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after acquiring an additional 70,263,213 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in Facebook by 19,805.8% during the second quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock valued at $226,408,000 after acquiring an additional 2,252,709 shares in the last quarter. Investec Asset Management LTD grew its stake in Facebook by 5,632.6% during the second quarter. Investec Asset Management LTD now owns 2,182,413 shares of the social networking company’s stock valued at $421,206,000 after acquiring an additional 2,144,343 shares in the last quarter. Jennison Associates LLC grew its stake in Facebook by 12.4% during the second quarter. Jennison Associates LLC now owns 15,973,272 shares of the social networking company’s stock valued at $3,082,841,000 after acquiring an additional 1,758,154 shares in the last quarter. Finally, Egerton Capital UK LLP purchased a new position in Facebook during the second quarter valued at approximately $332,853,000. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Raymond James boosted their price objective on shares of Facebook from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. Guggenheim reaffirmed a “hold” rating on shares of Facebook in a research note on Tuesday. Jefferies Financial Group boosted their price objective on shares of Facebook from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Facebook from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $220.92.

Facebook stock traded up $0.08 during mid-day trading on Friday, reaching $187.55. 566,480 shares of the company traded hands, compared to its average volume of 11,753,617. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The firm’s 50 day moving average price is $187.42 and its 200 day moving average price is $182.81. The firm has a market capitalization of $531.13 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.08 and a beta of 1.01. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $208.66.

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

In other Facebook news, CAO Susan J.S. Taylor sold 1,134 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total transaction of $210,300.30. Following the transaction, the chief accounting officer now directly owns 1,037 shares of the company’s stock, valued at approximately $192,311.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 125,600 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $187.94, for a total transaction of $23,605,264.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,244,072 shares of company stock worth $416,434,607. Insiders own 14.53% of the company’s stock.

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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