Majedie Asset Management Ltd Raises Stake in Facebook, Inc. (FB)

Majedie Asset Management Ltd boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 95.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,857 shares of the social networking company’s stock after buying an additional 59,971 shares during the period. Facebook comprises approximately 1.9% of Majedie Asset Management Ltd’s holdings, making the stock its 9th largest position. Majedie Asset Management Ltd’s holdings in Facebook were worth $17,452,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Viking Global Investors LP boosted its position in Facebook by 1.2% in the fourth quarter. Viking Global Investors LP now owns 18,978,163 shares of the social networking company’s stock worth $2,183,438,000 after buying an additional 228,753 shares during the period. Norges Bank bought a new position in Facebook during the fourth quarter worth $2,046,500,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Facebook by 1.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,721,199 shares of the social networking company’s stock worth $954,746,000 after buying an additional 71,206 shares during the period. Canada Pension Plan Investment Board boosted its position in Facebook by 17.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,100,250 shares of the social networking company’s stock worth $582,441,000 after buying an additional 620,686 shares during the period. Finally, Rhumbline Advisers boosted its position in Facebook by 1.5% in the first quarter. Rhumbline Advisers now owns 3,741,605 shares of the social networking company’s stock worth $531,495,000 after buying an additional 54,953 shares during the period. 57.40% of the stock is currently owned by institutional investors.

Facebook, Inc. (NASDAQ:FB) opened at 167.41 on Friday. The firm has a 50-day moving average price of $163.85 and a 200 day moving average price of $148.79. The company has a market capitalization of $486.19 billion, a P/E ratio of 37.47 and a beta of 0.70. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter last year, the company earned $0.97 EPS. The company’s revenue was up 44.8% on a year-over-year basis. Analysts expect that Facebook, Inc. will post $5.33 EPS for the current year.

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A number of equities analysts have recently weighed in on FB shares. Canaccord Genuity reaffirmed a “buy” rating and set a $175.00 price target on shares of Facebook in a research note on Friday, June 16th. Vetr cut shares of Facebook from a “buy” rating to a “hold” rating and set a $156.06 price objective on the stock. in a research note on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, June 20th. Wedbush set a $185.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Thursday, May 4th. Finally, Instinet reissued a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $183.47.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $148.54, for a total transaction of $111,405.00. Following the transaction, the vice president now owns 90,656 shares in the company, valued at approximately $13,466,042.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction on Friday, July 28th. The shares were sold at an average price of $172.25, for a total value of $10,389,431.00. Following the completion of the transaction, the director now owns 6,311 shares in the company, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,702,398 shares of company stock worth $2,054,828,660. Corporate insiders own 19.08% of the company’s stock.

About Facebook

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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