Sarasin & Partners LLP cut its holdings in shares of Facebook Inc (NASDAQ:FB) by 5.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 451,469 shares of the social networking company’s stock after selling 25,443 shares during the period. Facebook accounts for about 1.6% of Sarasin & Partners LLP’s investment portfolio, making the stock its 25th biggest position. Sarasin & Partners LLP’s holdings in Facebook were worth $77,143,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Facebook by 283.6% in the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares in the last quarter. Vanguard Group Inc. grew its stake in Facebook by 3.3% in the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. grew its stake in Facebook by 3.0% in the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after purchasing an additional 4,032,727 shares in the last quarter. Harding Loevner LP grew its stake in Facebook by 229.7% in the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after purchasing an additional 2,966,978 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in Facebook by 28.4% in the second quarter. Magellan Asset Management Ltd now owns 10,686,955 shares of the social networking company’s stock worth $1,613,516,000 after purchasing an additional 2,361,166 shares in the last quarter. Institutional investors own 57.32% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price target for the company in a research note on Wednesday, January 10th. Aegis lifted their price target on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Citigroup reiterated a “buy” rating and issued a $220.00 price target on shares of Facebook in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price target on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $214.70.
Shares of Facebook Inc (NASDAQ FB) opened at $177.36 on Tuesday. Facebook Inc has a twelve month low of $132.90 and a twelve month high of $195.32. The company has a market capitalization of $515,230.81, a P/E ratio of 28.84, a P/E/G ratio of 0.92 and a beta of 0.59.
Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.24. Facebook had a return on equity of 26.49% and a net margin of 39.16%. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. sell-side analysts anticipate that Facebook Inc will post 7.28 earnings per share for the current fiscal year.
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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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