Facebook, Inc. (FB) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P increased its holdings in Facebook, Inc. (NASDAQ:FB) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284,095 shares of the social networking company’s stock after acquiring an additional 13,595 shares during the quarter. Facebook comprises approximately 0.7% of Martingale Asset Management L P’s portfolio, making the stock its 21st biggest position. Martingale Asset Management L P’s holdings in Facebook were worth $50,133,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FB. Dowling & Yahnke LLC raised its holdings in Facebook by 0.6% in the fourth quarter. Dowling & Yahnke LLC now owns 43,370 shares of the social networking company’s stock worth $7,653,000 after purchasing an additional 270 shares in the last quarter. Winslow Evans & Crocker Inc. raised its holdings in Facebook by 2.2% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 13,094 shares of the social networking company’s stock worth $2,310,000 after purchasing an additional 276 shares in the last quarter. First Hawaiian Bank raised its holdings in Facebook by 11.6% in the fourth quarter. First Hawaiian Bank now owns 2,698 shares of the social networking company’s stock worth $476,000 after purchasing an additional 281 shares in the last quarter. Parsec Financial Management Inc. raised its holdings in Facebook by 0.9% in the fourth quarter. Parsec Financial Management Inc. now owns 31,597 shares of the social networking company’s stock worth $5,576,000 after purchasing an additional 285 shares in the last quarter. Finally, Dimension Capital Management LLC raised its holdings in Facebook by 6.9% in the fourth quarter. Dimension Capital Management LLC now owns 4,440 shares of the social networking company’s stock worth $783,000 after purchasing an additional 287 shares in the last quarter. 59.34% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on the company. BidaskClub upgraded Facebook from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. ValuEngine downgraded Facebook from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Raymond James raised their price target on Facebook from $230.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday, April 26th. Barclays raised their price target on Facebook from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. set a $242.00 price target on Facebook and gave the company a “buy” rating in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, forty have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $217.37.

Facebook opened at $186.90 on Thursday, Marketbeat reports. Facebook, Inc. has a one year low of $144.56 and a one year high of $195.32. The firm has a market cap of $533.94 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.78.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.25 by $0.44. Facebook had a return on equity of 27.74% and a net margin of 40.03%. The company had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $11.41 billion. During the same period last year, the firm posted $1.04 earnings per share. Facebook’s revenue was up 49.0% compared to the same quarter last year. research analysts predict that Facebook, Inc. will post 7.64 EPS for the current fiscal year.

In other Facebook news, CEO Mark Zuckerberg sold 245,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $181.46, for a total value of $44,530,284.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jan Koum sold 1,263,806 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $183.45, for a total value of $231,845,210.70. The disclosure for this sale can be found here. Insiders have sold 12,119,208 shares of company stock worth $2,142,892,497 over the last ninety days. 17.23% of the stock is currently owned by insiders.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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