Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in Facebook Inc (FB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Facebook Inc (NASDAQ:FB) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,610 shares of the social networking company’s stock after purchasing an additional 907 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Facebook were worth $26,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FB. D. Scott Neal Inc. increased its position in shares of Facebook by 1,358.0% during the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock valued at $110,000 after purchasing an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Facebook by 4.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock valued at $122,000 after acquiring an additional 34 shares during the period. Pacific Center for Financial Services grew its stake in shares of Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock valued at $129,000 after acquiring an additional 88 shares during the period. Watermark Asset Management Inc. bought a new position in shares of Facebook during the 1st quarter valued at approximately $141,000. Finally, Vigilant Capital Management LLC grew its stake in shares of Facebook by 17.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock valued at $150,000 after acquiring an additional 150 shares during the period. 58.17% of the stock is owned by hedge funds and other institutional investors.

Facebook Inc (FB) opened at $175.10 on Monday. The company has a market capitalization of $508,807.03, a P/E ratio of 33.74, a PEG ratio of 1.11 and a beta of 0.69. Facebook Inc has a 52-week low of $114.30 and a 52-week high of $184.25.

Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. equities analysts expect that Facebook Inc will post 5.86 EPS for the current year.

In other Facebook news, CEO Mark Zuckerberg sold 232,138 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.08, for a total value of $42,499,825.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David B. Fischer sold 16,621 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold a total of 5,195,772 shares of company stock valued at $924,706,968 over the last quarter. Corporate insiders own 17.23% of the company’s stock.

FB has been the subject of a number of recent research reports. Credit Suisse Group reiterated a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Goldman Sachs Group set a $205.00 price objective on Facebook and gave the company a “buy” rating in a research note on Friday, October 20th. Barclays boosted their price objective on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and set a $185.00 price objective on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC boosted their price objective on Facebook from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $199.18.

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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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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