Manitou Investment Management Ltd. raised its position in shares of Facebook, Inc. (NASDAQ:FB) by 14.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,730 shares of the social networking company’s stock after purchasing an additional 460 shares during the period. Facebook accounts for 0.2% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 26th largest holding. Manitou Investment Management Ltd.’s holdings in Facebook were worth $664,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of FB. Nuveen Asset Management LLC lifted its holdings in shares of Facebook by 5,336.8% in the second quarter. Nuveen Asset Management LLC now owns 22,496,340 shares of the social networking company’s stock worth $4,341,794,000 after buying an additional 22,082,561 shares in the last quarter. Invesco Ltd. raised its stake in Facebook by 36.5% during the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after purchasing an additional 9,368,684 shares in the last quarter. Viking Global Investors LP raised its stake in Facebook by 231.7% during the second quarter. Viking Global Investors LP now owns 7,063,705 shares of the social networking company’s stock valued at $1,363,295,000 after purchasing an additional 4,934,406 shares in the last quarter. BlackRock Inc. raised its stake in Facebook by 2.8% during the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after purchasing an additional 4,114,043 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Facebook by 2.0% during the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after purchasing an additional 3,465,756 shares in the last quarter. 63.17% of the stock is currently owned by institutional investors and hedge funds.
In related news, CAO Susan J.S. Taylor sold 1,134 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $185.45, for a total value of $210,300.30. Following the transaction, the chief accounting officer now owns 1,037 shares in the company, valued at approximately $192,311.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $181.95, for a total transaction of $1,364,625.00. The disclosure for this sale can be found here. Insiders sold a total of 4,681,364 shares of company stock valued at $867,172,511 over the last ninety days. 14.53% of the stock is currently owned by insiders.
Shares of NASDAQ FB traded up $0.42 during mid-day trading on Friday, reaching $190.84. The company had a trading volume of 10,760,700 shares, compared to its average volume of 16,776,678. The stock has a market cap of $554.39 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.05. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $185.37 and its 200-day moving average is $187.27. Facebook, Inc. has a 52 week low of $123.02 and a 52 week high of $208.66.
Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. The firm had revenue of $17.65 billion during the quarter, compared to analyst estimates of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. Facebook’s revenue was up 28.6% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. As a group, equities research analysts forecast that Facebook, Inc. will post 8.57 earnings per share for the current year.
A number of equities research analysts recently issued reports on FB shares. BMO Capital Markets decreased their price target on shares of Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a research note on Thursday, October 31st. Susquehanna Bancshares upped their price target on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. KeyCorp upped their price target on shares of Facebook from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Rosenblatt Securities set a $242.00 price target on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity upped their price target on shares of Facebook from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have given a buy rating to the company. Facebook currently has an average rating of “Buy” and an average target price of $228.33.
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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