Facebook, Inc. (NASDAQ:FB) Position Increased by Mengis Capital Management Inc.

Mengis Capital Management Inc. increased its position in shares of Facebook, Inc. (NASDAQ:FB) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,371 shares of the social networking company’s stock after acquiring an additional 465 shares during the period. Mengis Capital Management Inc.’s holdings in Facebook were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in FB. Vanguard Group Inc. increased its stake in shares of Facebook by 2.0% in the second quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock worth $34,871,738,000 after purchasing an additional 3,465,756 shares during the period. BlackRock Inc. increased its stake in shares of Facebook by 2.8% in the second quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock worth $29,270,846,000 after purchasing an additional 4,114,043 shares during the period. Invesco Ltd. increased its stake in shares of Facebook by 36.5% in the second quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock worth $6,764,908,000 after purchasing an additional 9,368,684 shares during the period. Northern Trust Corp increased its stake in shares of Facebook by 1.7% in the second quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock worth $5,518,644,000 after purchasing an additional 470,411 shares during the period. Finally, Nuveen Asset Management LLC increased its stake 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 purchasing an additional 22,082,561 shares during the period. Institutional investors and hedge funds own 63.17% of the company’s stock.

A number of equities analysts have recently commented on the company. Guggenheim reiterated a “hold” rating on shares of Facebook in a research note on Tuesday, September 10th. KeyCorp lifted their target price on Facebook from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Rosenblatt Securities set a $242.00 target price on Facebook and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Oppenheimer lifted their target price on Facebook from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Aegis reissued a “buy” rating on shares of Facebook in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have assigned a buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $228.33.

Shares of Facebook stock traded down $1.23 on Monday, hitting $189.61. 8,378,889 shares of the company’s stock traded hands, compared to its average volume of 16,738,174. The firm’s 50-day moving average price is $185.37 and its two-hundred day moving average price is $187.27. The stock has a market capitalization of $554.39 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.05. Facebook, Inc. has a one year low of $123.02 and a one year high of $208.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.66 and a quick ratio of 4.66.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.91 by $0.21. The company had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. On average, analysts forecast that Facebook, Inc. will post 8.57 earnings per share for the current fiscal year.

In other news, CRO David B. Fischer sold 12,267 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $184.12, for a total value of $2,258,600.04. Following the completion of the transaction, the executive now owns 48,970 shares of the company’s stock, valued at approximately $9,016,356.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $181.62, for a total transaction of $9,989,100.00. The disclosure for this sale can be found here. Insiders sold a total of 4,555,764 shares of company stock valued at $843,798,351 in the last three months. 14.53% of the stock is owned by company insiders.

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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