Facebook, Inc. (NASDAQ:FB) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Facebook, Inc. (NASDAQ:FB) by 127.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 347,887 shares of the social networking company’s stock after purchasing an additional 194,732 shares during the quarter. Facebook accounts for about 1.6% of Pacer Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding. Pacer Advisors Inc.’s holdings in Facebook were worth $78,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FB. State Street Corp lifted its stake in Facebook by 1.2% in the first quarter. State Street Corp now owns 95,449,004 shares of the social networking company’s stock valued at $15,920,894,000 after buying an additional 1,132,053 shares in the last quarter. Capital International Investors lifted its stake in Facebook by 14.1% in the first quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock valued at $8,604,068,000 after buying an additional 6,394,036 shares in the last quarter. Geode Capital Management LLC lifted its stake in Facebook by 2.1% in the first quarter. Geode Capital Management LLC now owns 34,812,327 shares of the social networking company’s stock valued at $5,794,733,000 after buying an additional 723,655 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Facebook by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 21,748,552 shares of the social networking company’s stock valued at $3,627,657,000 after buying an additional 1,251,202 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Facebook by 6.9% in the first quarter. Alliancebernstein L.P. now owns 18,712,332 shares of the social networking company’s stock valued at $3,121,217,000 after buying an additional 1,205,780 shares in the last quarter. Hedge funds and other institutional investors own 65.12% of the company’s stock.

A number of research analysts have weighed in on FB shares. Monness Crespi & Hardt lifted their price target on shares of Facebook from $230.00 to $290.00 and gave the company a “buy” rating in a research note on Friday. Susquehanna Bancshares lifted their price target on shares of Facebook from $285.00 to $310.00 and gave the company a “positive” rating in a research note on Friday. Guggenheim lifted their price target on shares of Facebook from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wedbush reissued an “outperform” rating and issued a $300.00 price objective (up previously from $250.00) on shares of Facebook in a research report on Monday, July 27th. Finally, Robert W. Baird boosted their price objective on shares of Facebook from $240.00 to $300.00 in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $273.37.

FB opened at $253.67 on Friday. Facebook, Inc. has a twelve month low of $137.10 and a twelve month high of $255.85. The company has a 50-day simple moving average of $235.27 and a 200 day simple moving average of $207.59. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $668.11 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.68 and a beta of 1.19.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.36. Facebook had a net margin of 31.29% and a return on equity of 23.49%. The business had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Sell-side analysts anticipate that Facebook, Inc. will post 7.36 EPS for the current fiscal year.

In other news, CAO Susan J.S. Taylor sold 1,195 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $223.39, for a total value of $266,951.05. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares of the company’s stock, valued at $703,008.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David B. Fischer sold 22,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $205.29, for a total transaction of $4,516,380.00. Following the completion of the transaction, the executive now directly owns 57,503 shares of the company’s stock, valued at approximately $11,804,790.87. The disclosure for this sale can be found here. Insiders have sold 68,591 shares of company stock valued at $14,894,825 in the last ninety days. 14.14% of the stock is currently owned by company insiders.

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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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