Facebook, Inc. (NASDAQ:FB) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in shares of Facebook, Inc. (NASDAQ:FB) by 37.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,429 shares of the social networking company’s stock after purchasing an additional 106,795 shares during the quarter. Facebook accounts for approximately 1.4% of Worldquant Millennium Advisors LLC’s holdings, making the stock its 8th biggest position. Worldquant Millennium Advisors LLC’s holdings in Facebook were worth $75,739,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FB. Vanguard Group Inc. raised its stake in shares of Facebook by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 180,682,575 shares of the social networking company’s stock valued at $34,871,738,000 after buying an additional 3,465,756 shares in the last quarter. BlackRock Inc. raised its stake in shares of Facebook by 2.8% in the 2nd quarter. BlackRock Inc. now owns 151,662,410 shares of the social networking company’s stock valued at $29,270,846,000 after buying an additional 4,114,043 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares in the last quarter. Invesco Ltd. raised its stake in shares of Facebook by 36.5% in the 2nd quarter. Invesco Ltd. now owns 35,051,341 shares of the social networking company’s stock valued at $6,764,908,000 after buying an additional 9,368,684 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Facebook by 1.7% in the 2nd quarter. Northern Trust Corp now owns 28,594,013 shares of the social networking company’s stock valued at $5,518,644,000 after buying an additional 470,411 shares in the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

A number of brokerages have recently issued reports on FB. Citigroup increased their price objective on shares of Facebook from $212.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Nomura increased their target price on shares of Facebook from $226.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Canaccord Genuity increased their target price on shares of Facebook from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. MKM Partners reiterated a “buy” rating and set a $245.00 target price (up previously from $190.00) on shares of Facebook in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Facebook from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $220.92.



NASDAQ:FB traded down $5.54 during mid-day trading on Tuesday, reaching $181.28. 11,884,178 shares of the company were exchanged, compared to its average volume of 11,375,384. The stock has a market cap of $516.30 billion, a PE ratio of 23.95, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66. The company has a fifty day moving average of $185.50 and a 200 day moving average of $184.14.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.49 billion. Facebook had a net margin of 27.26% and a return on equity of 20.09%. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. On average, equities research analysts anticipate that Facebook, Inc. will post 8.03 EPS for the current fiscal year.

In other news, CRO David B. Fischer sold 12,267 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $184.12, for a total value of $2,258,600.04. Following the transaction, the executive now owns 48,970 shares of the company’s stock, valued at approximately $9,016,356.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 7,100 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $179.16, for a total transaction of $1,272,036.00. The disclosure for this sale can be found here. Insiders sold a total of 2,691,472 shares of company stock worth $500,472,871 in the last ninety days. Insiders own 14.53% of the company’s stock.

Facebook 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.

Further Reading: Market Capitalization – What it Means for Investors

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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