FB Stock: Bp Plc Acquires 16,000 Shares of Facebook Inc

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BP PLC boosted its stake in shares of Facebook Inc (NASDAQ:FB) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 252,000 shares of the social networking company’s stock after buying an additional 16,000 shares during the period. Facebook accounts for 1.5% of BP PLC’s investment portfolio, making the stock its 5th largest position. BP PLC’s holdings in Facebook were worth $43,044,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Facebook by 3.3% in 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 purchasing an additional 5,151,190 shares during the period. BlackRock Inc. raised its position in Facebook by 3.0% in 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 purchasing an additional 4,032,727 shares during the period. State Street Corp raised its position in Facebook by 1.7% in the first quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock valued at $13,262,607,000 after purchasing an additional 1,536,158 shares during the period. Capital World Investors raised its position in Facebook by 1.5% in the second quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock valued at $8,578,347,000 after purchasing an additional 833,810 shares during the period. Finally, Northern Trust Corp raised its position in Facebook by 0.4% in the second quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock valued at $3,994,161,000 after purchasing an additional 114,694 shares during the period. 57.73% of the stock is currently owned by institutional investors.

A number of research firms have commented on FB. BidaskClub upgraded Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 target price on the stock in a research report on Wednesday. UBS Group set a $215.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley set a $215.00 target price on Facebook and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus downgraded Facebook from a “buy” rating to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty-two have given a buy rating and three have given a strong buy rating to the company. Facebook has an average rating of “Buy” and a consensus target price of $203.72.

Facebook Inc (NASDAQ FB) traded down $8.40 during trading hours on Friday, hitting $179.37. The stock had a trading volume of 77,414,971 shares, compared to its average volume of 16,580,000. The firm has a market cap of $521,210.00, a PE ratio of 33.34, a P/E/G ratio of 1.07 and a beta of 0.68. Facebook Inc has a twelve month low of $126.78 and a twelve month high of $188.90.

Facebook (NASDAQ:FB) last released its quarterly earnings data 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. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $1.09 EPS. research analysts expect that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In related news, insider Christopher K. Cox sold 16,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $175.20, for a total value of $2,803,200.00. Following the completion of the sale, the insider now directly owns 172,871 shares of the company’s stock, valued at approximately $30,286,999.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now directly owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,182,199 shares of company stock valued at $752,724,430. Insiders own 17.23% of the company’s stock.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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