Axiom International Investors LLC DE decreased its stake in Facebook Inc (NASDAQ:FB) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,606,655 shares of the social networking company’s stock after selling 215,712 shares during the period. Facebook comprises approximately 5.3% of Axiom International Investors LLC DE’s portfolio, making the stock its 2nd largest position. Axiom International Investors LLC DE’s holdings in Facebook were worth $184,846,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in Facebook by 997.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,018,514 shares of the social networking company’s stock valued at $462,727,000 after buying an additional 3,652,302 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Facebook during the fourth quarter valued at $328,688,000. State Street Corp increased its position in shares of Facebook by 2.8% in the fourth quarter. State Street Corp now owns 91,829,555 shares of the social networking company’s stock valued at $10,564,984,000 after buying an additional 2,523,083 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock valued at $9,456,572,000 after buying an additional 2,402,049 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Facebook by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 22,348,726 shares of the social networking company’s stock valued at $2,866,582,000 after buying an additional 1,783,974 shares during the period. Institutional investors own 57.00% of the company’s stock.
Facebook Inc (NASDAQ:FB) opened at 139.94 on Tuesday. Facebook Inc has a 12 month low of $106.31 and a 12 month high of $140.34. The company has a market cap of $404.42 billion, a price-to-earnings ratio of 40.06 and a beta of 0.68. The company’s 50-day moving average is $135.30 and its 200 day moving average is $127.29.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The company earned $8.81 billion during the quarter, compared to analyst estimates of $8.47 billion. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The company’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. Equities analysts forecast that Facebook Inc will post $5.42 earnings per share for the current fiscal year.
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FB has been the subject of several analyst reports. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $129.91 target price for the company in a research note on Monday, January 2nd. Goldman Sachs Group Inc restated a “buy” rating and issued a $162.00 target price on shares of Facebook in a research note on Thursday, December 29th. Deutsche Bank AG restated a “buy” rating and issued a $150.00 target price on shares of Facebook in a research note on Wednesday, February 22nd. Stifel Nicolaus restated a “buy” rating and issued a $155.00 target price on shares of Facebook in a research note on Monday, January 30th. Finally, Pivotal Research downgraded shares of Facebook from a “buy” rating to a “hold” rating and decreased their target price for the company from $147.00 to $135.00 in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and four have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.31.
In related news, insider Christopher K. Cox sold 15,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $117.11, for a total value of $1,826,916.00. Following the completion of the transaction, the insider now directly owns 376,738 shares in the company, valued at approximately $44,119,787.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan Koum sold 2,123,302 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $140.02, for a total value of $297,304,746.04. The disclosure for this sale can be found here. Insiders have sold a total of 4,643,863 shares of company stock valued at $620,557,756 over the last 90 days. Corporate insiders own 19.08% of the company’s stock.
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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