Facebook, Inc. (NASDAQ:FB) is Capital Research Global Investors’ Largest Position

Capital Research Global Investors grew its position in Facebook, Inc. (NASDAQ:FB) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,111,043 shares of the social networking company’s stock after buying an additional 409,290 shares during the period. Facebook accounts for about 4.5% of Capital Research Global Investors’ portfolio, making the stock its largest position. Capital Research Global Investors’ holdings in Facebook were worth $15,006,041,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Facebook by 3.3% in the fourth quarter. FMR LLC now owns 123,422,389 shares of the social networking company’s stock valued at $25,332,445,000 after buying an additional 3,993,741 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Facebook by 28.4% during the fourth quarter. Janus Henderson Group PLC now owns 12,076,233 shares of the social networking company’s stock worth $2,478,206,000 after acquiring an additional 2,673,200 shares during the last quarter. Capital World Investors increased its holdings in shares of Facebook by 5.4% during the fourth quarter. Capital World Investors now owns 46,700,441 shares of the social networking company’s stock valued at $9,585,263,000 after acquiring an additional 2,405,542 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Facebook by 77.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,067,599 shares of the social networking company’s stock valued at $834,875,000 after acquiring an additional 1,781,520 shares in the last quarter. Finally, Johanson Financial Advisors Inc. raised its position in shares of Facebook by 21,147.8% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,219,198 shares of the social networking company’s stock valued at $5,940,000 after purchasing an additional 1,213,460 shares during the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

NASDAQ FB traded up $4.23 during mid-day trading on Thursday, reaching $160.44. 9,454,706 shares of the stock were exchanged, compared to its average volume of 29,374,246. The company has a market capitalization of $445.27 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.40 and a current ratio of 4.40. The business’s 50 day moving average is $189.00 and its 200-day moving average is $195.35. Facebook, Inc. has a 1 year low of $137.10 and a 1 year high of $224.20.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Facebook had a net margin of 26.15% and a return on equity of 19.97%. The company had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the previous year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities analysts predict that Facebook, Inc. will post 8.97 earnings per share for the current fiscal year.

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $230.00 target price on shares of Facebook in a research note on Wednesday, March 18th. Evercore ISI reissued a “buy” rating and set a $280.00 price objective on shares of Facebook in a report on Thursday, January 30th. SunTrust Banks cut their target price on Facebook from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday. Guggenheim upped their target price on Facebook from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Raymond James restated a “buy” rating on shares of Facebook in a research note on Thursday, January 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $243.33.

In related news, CFO David M. Wehner sold 11,884 shares of Facebook stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $202.17, for a total value of $2,402,588.28. Following the sale, the chief financial officer now owns 32,484 shares of the company’s stock, valued at approximately $6,567,290.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO David B. Fischer sold 11,142 shares of Facebook stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $192.00, for a total transaction of $2,139,264.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,067 shares of company stock worth $17,392,181 over the last 90 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.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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