Harding Loevner LP boosted its holdings in shares of Facebook Inc (NASDAQ:FB) by 229.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,258,885 shares of the social networking company’s stock after acquiring an additional 2,966,978 shares during the period. Facebook accounts for 1.5% of Harding Loevner LP’s portfolio, making the stock its 29th largest position. Harding Loevner LP’s holdings in Facebook were worth $215,130,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $111,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Facebook in the 2nd quarter valued at $138,000. Stelac Advisory Services LLC acquired a new position in shares of Facebook in the 3rd quarter valued at $152,000. Odey Holdings AG grew its holdings in shares of Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock valued at $160,000 after buying an additional 54 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Facebook in the 2nd quarter valued at $165,000. 57.32% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research report on Wednesday, January 10th. Aegis boosted their price objective on shares of Facebook from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on shares of Facebook and gave the company a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $214.70.
Shares of Facebook Inc (NASDAQ:FB) opened at $177.36 on Monday. Facebook Inc has a 52-week low of $132.90 and a 52-week high of $195.32. The company has a market cap of $515,230.81, a PE ratio of 28.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59.
Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analyst estimates of $12.58 billion. Facebook had a net margin of 39.16% and a return on equity of 26.49%. equities analysts anticipate that Facebook Inc will post 7.28 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2018/02/19/harding-loevner-lp-has-215-13-million-holdings-in-facebook-inc-fb.html.
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.
Want to see what other hedge funds are holding FB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Facebook Inc (NASDAQ:FB).
Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.