State of Tennessee Treasury Department raised its holdings in shares of Facebook, Inc. (NASDAQ:FB) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,533,262 shares of the social networking company’s stock after purchasing an additional 17,107 shares during the quarter. Facebook accounts for about 1.4% of State of Tennessee Treasury Department’s portfolio, making the stock its 9th largest position. State of Tennessee Treasury Department owned about 0.05% of Facebook worth $314,702,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in FB. State Street Corp lifted its stake in Facebook by 0.9% in the fourth quarter. State Street Corp now owns 94,316,951 shares of the social networking company’s stock worth $19,358,554,000 after purchasing an additional 881,118 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Facebook by 1.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,764,837 shares of the social networking company’s stock valued at $2,004,233,000 after buying an additional 142,716 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Facebook by 2.7% during the third quarter. Parametric Portfolio Associates LLC now owns 8,325,423 shares of the social networking company’s stock valued at $1,482,591,000 after buying an additional 218,150 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Facebook by 8.9% during the fourth quarter. California Public Employees Retirement System now owns 5,685,217 shares of the social networking company’s stock valued at $1,166,891,000 after buying an additional 466,805 shares during the last quarter. Finally, Veritas Asset Management LLP grew its stake in shares of Facebook by 3.7% during the third quarter. Veritas Asset Management LLP now owns 4,546,925 shares of the social networking company’s stock valued at $809,716,000 after buying an additional 164,000 shares during the last quarter. Institutional investors and hedge funds own 63.91% of the company’s stock.
FB stock traded up $1.04 during trading on Friday, hitting $214.18. 10,618,429 shares of the company’s stock traded hands, compared to its average volume of 16,106,536. The firm has a market capitalization of $609.12 billion, a P/E ratio of 33.26, a PEG ratio of 1.27 and a beta of 1.05. Facebook, Inc. has a 1 year low of $159.28 and a 1 year high of $224.20. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $213.29 and a two-hundred day simple moving average of $195.87.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The company had revenue of $21.08 billion during the quarter, compared to analyst estimates of $20.90 billion. Facebook had a return on equity of 19.97% and a net margin of 26.15%. Facebook’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.38 earnings per share. On average, equities research analysts predict that Facebook, Inc. will post 9.28 EPS for the current fiscal year.
A number of brokerages recently issued reports on FB. HSBC began coverage on Facebook in a research note on Thursday, December 5th. They set a “reduce” rating and a $178.00 price target for the company. Wells Fargo & Co set a $260.00 price objective on Facebook and gave the company a “buy” rating in a research report on Friday, November 1st. Tigress Financial reaffirmed a “buy” rating on shares of Facebook in a research report on Friday, December 27th. Aegis increased their target price on Facebook from $235.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Finally, Wedbush reiterated an “outperform” rating and set a target price on shares of Facebook in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $245.48.
In other Facebook news, VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $197.40, for a total value of $51,324.00. Following the completion of the sale, the vice president now directly owns 6,717 shares in the company, valued at $1,325,935.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,133 shares of Facebook stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total transaction of $224,991.14. Following the completion of the transaction, the chief accounting officer now directly owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Insiders sold a total of 80,531 shares of company stock worth $16,696,656 over the last quarter. Company insiders own 14.53% of the company’s stock.
Facebook Company Profile
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
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