Myriad Asset Management Ltd. Continues to Hold Holdings in Facebook Inc (FB)

Myriad Asset Management Ltd. held its stake in shares of Facebook Inc (NASDAQ:FB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,400 shares of the social networking company’s stock at the close of the second quarter. Myriad Asset Management Ltd.’s holdings in Facebook were worth $10,931,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Mutual of America Capital Management LLC lifted its stake in Facebook by 2.4% during the first quarter. Mutual of America Capital Management LLC now owns 284,167 shares of the social networking company’s stock worth $40,366,000 after purchasing an additional 6,740 shares in the last quarter. Palisade Capital Management LLC NJ lifted its stake in Facebook by 2.4% during the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock worth $3,904,000 after purchasing an additional 602 shares in the last quarter. ING Groep NV lifted its stake in Facebook by 6.9% during the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock worth $89,041,000 after purchasing an additional 37,822 shares in the last quarter. Grand Jean Capital Management Inc. lifted its stake in Facebook by 14.3% during the first quarter. Grand Jean Capital Management Inc. now owns 127,250 shares of the social networking company’s stock worth $18,076,000 after purchasing an additional 15,910 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its stake in Facebook by 157.5% during the first quarter. Segment Wealth Management LLC now owns 7,333 shares of the social networking company’s stock worth $1,042,000 after purchasing an additional 4,485 shares in the last quarter. Institutional investors own 57.86% of the company’s stock.

Facebook Inc (FB) opened at $176.06 on Thursday. The stock has a market capitalization of $509,100.00, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.09 and a beta of 0.69. Facebook Inc has a twelve month low of $114.77 and a twelve month high of $184.25.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) 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 analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 247,147 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $171.96, for a total transaction of $42,499,398.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $170.71, for a total value of $2,731,360.00. Following the transaction, the insider now directly owns 178,802 shares in the company, valued at approximately $30,523,289.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,179,022 shares of company stock worth $921,840,196. Corporate insiders own 17.23% of the company’s stock.

A number of research analysts have commented on FB shares. Credit Suisse Group restated 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 increased 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 issued a $185.00 price objective on shares of Facebook in a research note on Friday, September 1st. Finally, Needham & Company LLC increased 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 equities research 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $200.70.

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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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