Facebook Inc (FB) is Mount Vernon Associates Inc. MD’s 8th Largest Position

Mount Vernon Associates Inc. MD lifted its position in Facebook Inc (NASDAQ:FB) by 5.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,325 shares of the social networking company’s stock after purchasing an additional 650 shares during the quarter. Facebook accounts for about 3.5% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 8th largest holding. Mount Vernon Associates Inc. MD’s holdings in Facebook were worth $2,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the last quarter. BlackRock Inc. raised its position in Facebook by 3.0% during the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. State Street Corp raised its position in Facebook by 1.7% during the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after purchasing an additional 1,536,158 shares during the last quarter. Capital World Investors raised its position in Facebook by 1.5% during the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the last quarter. Finally, Northern Trust Corp raised its position in Facebook by 0.4% during the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Shares of Facebook Inc (NASDAQ:FB) opened at $175.99 on Wednesday. The firm has a market capitalization of $514,909.19, a P/E ratio of 34.11, a P/E/G ratio of 1.13 and a beta of 0.69. Facebook Inc has a 52 week low of $114.77 and a 52 week high of $184.25.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for 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 firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. analysts forecast that Facebook Inc will post 5.86 earnings per share for the current year.

In other Facebook news, Director Peter Thiel sold 160,805 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,129,037.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $170.10, for a total value of $127,575.00. Following the sale, the vice president now owns 92,191 shares in the company, valued at $15,681,689.10. The disclosure for this sale can be found here. Insiders sold a total of 4,818,239 shares of company stock worth $861,251,645 in the last 90 days. 17.23% of the stock is currently owned by company insiders.

A number of research analysts have commented on the company. Pivotal Research reaffirmed a “sell” rating and set a $140.00 price target on shares of Facebook in a research report on Wednesday, September 6th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $215.00 price target (up previously from $185.00) on shares of Facebook in a research report on Wednesday, September 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $195.00 price target on shares of Facebook in a research report on Friday, October 13th. Wedbush reaffirmed an “outperform” rating and set a $230.00 price target (up previously from $225.00) on shares of Facebook in a research report on Thursday, November 2nd. Finally, Macquarie set a $205.00 price target on Facebook and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $200.81.

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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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