JW Asset Management LLC Acquires 5,000 Shares of Facebook, Inc. (FB)

JW Asset Management LLC increased its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 10.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,000 shares of the social networking company’s stock after purchasing an additional 5,000 shares during the quarter. Facebook accounts for 5.3% of JW Asset Management LLC’s holdings, making the stock its 5th biggest position. JW Asset Management LLC’s holdings in Facebook were worth $8,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbour Capital Advisors LLC grew its stake in shares of Facebook by 15,047.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock worth $16,828,000 after acquiring an additional 2,523,918 shares in the last quarter. State Street Corp grew its stake in shares of Facebook by 1.7% during the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after acquiring an additional 1,536,158 shares in the last quarter. HPM Partners LLC bought a new position in shares of Facebook during the 1st quarter worth approximately $195,602,000. Jennison Associates LLC boosted its holdings in shares of Facebook by 6.4% in the 2nd quarter. Jennison Associates LLC now owns 20,336,932 shares of the social networking company’s stock valued at $3,070,470,000 after buying an additional 1,219,412 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its holdings in shares of Facebook by 131.8% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,970,000 shares of the social networking company’s stock valued at $279,838,000 after buying an additional 1,120,000 shares during the last quarter. 57.35% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook, Inc. (NASDAQ:FB) opened at $178.46 on Monday. Facebook, Inc. has a 1-year low of $113.55 and a 1-year high of $182.90. The stock has a market capitalization of $518,570.00, a price-to-earnings ratio of 34.38, a P/E/G ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Facebook’s revenue was up 47.3% compared to the same quarter last year. equities analysts expect that Facebook, Inc. will post 5.81 earnings per share for the current fiscal year.

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In other news, CEO Mark Zuckerberg sold 248,984 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $170.69, for a total transaction of $42,499,078.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $167.02, for a total value of $2,672,320.00. Following the transaction, the insider now directly owns 219,332 shares in the company, valued at approximately $36,632,830.64. The disclosure for this sale can be found here. Insiders have sold 8,093,636 shares of company stock valued at $1,405,118,200 in the last quarter. 19.08% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on FB. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a report on Tuesday, November 7th. Aegis increased their price objective on Facebook from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. increased their price objective on Facebook from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS AG set a $208.00 price objective on Facebook and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Barclays PLC increased their price objective on Facebook from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average target price of $197.95.

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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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