Facebook Inc (FB) Stake Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in shares of Facebook Inc (NASDAQ:FB) by 1.3% in the third quarter, Holdings Channel reports. The fund owned 4,921,429 shares of the social networking company’s stock after purchasing an additional 62,479 shares during the quarter. Facebook makes up 1.7% of Canada Pension Plan Investment Board’s portfolio, making the stock its 10th largest position. Canada Pension Plan Investment Board’s holdings in Facebook were worth $840,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FB. Janus Henderson Group PLC lifted its position in Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after acquiring an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. lifted its position in Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after acquiring an additional 5,151,190 shares during the last quarter. BlackRock Inc. lifted its position in Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after acquiring an additional 4,032,727 shares during the last quarter. Harbour Capital Advisors LLC lifted its position in Facebook by 15,047.5% during the second quarter. Harbour Capital Advisors LLC now owns 2,540,691 shares of the social networking company’s stock valued at $16,828,000 after acquiring an additional 2,523,918 shares during the last quarter. Finally, Magellan Asset Management Ltd raised its holdings in shares of 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 buying an additional 2,361,166 shares during the last quarter. 57.72% of the stock is owned by institutional investors.

In other news, insider Michael Todd Schroepfer sold 38,058 shares of Facebook stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $171.51, for a total value of $6,527,327.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Thiel sold 160,805 shares of Facebook stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the completion of the sale, the director now owns 6,311 shares in the company, valued at approximately $1,129,037.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,568,712 shares of company stock worth $818,756,804. 17.23% of the stock is owned by company insiders.

A number of research firms have issued reports on FB. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $215.00 price target (up previously from $185.00) on shares of Facebook in a report on Wednesday, September 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $195.00 price target on shares of Facebook in a report on Friday, October 13th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target (up previously from $225.00) on shares of Facebook in a report on Thursday, November 2nd. Macquarie set a $205.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $220.00 price target (up previously from $200.00) on shares of Facebook in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $201.84.

Shares of Facebook Inc (NASDAQ FB) opened at $186.85 on Friday. The company has a market cap of $542,950.25, a price-to-earnings ratio of 36.21, a P/E/G ratio of 1.06 and a beta of 0.68. Facebook Inc has a 52-week low of $120.03 and a 52-week high of $186.90.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue was up 47.3% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. research analysts forecast that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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