Facebook, Inc. (FB) is Mn Services Vermogensbeheer B.V.’s 5th Largest Position
Mn Services Vermogensbeheer B.V. raised its stake in Facebook, Inc. (NASDAQ:FB) by 517.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,211 shares of the social networking company’s stock after acquiring an additional 323,648 shares during the quarter. Facebook comprises 1.6% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 5th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Facebook were worth $58,310,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI grew its position in shares of Facebook by 20.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after purchasing an additional 120 shares in the last quarter. Pacific Center for Financial Services grew its position in shares of Facebook by 10.7% during the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after purchasing an additional 88 shares in the last quarter. Watermark Asset Management Inc. acquired a new position in shares of Facebook during the 1st quarter worth approximately $141,000. State of Alaska Department of Revenue acquired a new position in shares of Facebook during the 1st quarter worth approximately $180,000. Finally, Trust Department MB Financial Bank N A grew its position in shares of Facebook by 61.2% during the 1st quarter. Trust Department MB Financial Bank N A now owns 1,346 shares of the social networking company’s stock worth $191,000 after purchasing an additional 511 shares in the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Facebook, Inc. (FB) traded up 1.23% during mid-day trading on Thursday, hitting $170.49. 8,637,695 shares of the stock were exchanged. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The stock’s 50 day moving average is $169.75 and its 200-day moving average is $156.80. The stock has a market cap of $495.14 billion, a PE ratio of 38.16 and a beta of 0.70.
Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s revenue was up 44.8% on a year-over-year basis. On average, analysts anticipate that Facebook, Inc. will post $5.37 EPS for the current year.
Several analysts recently issued reports on FB shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $165.00 price target on shares of Facebook in a research report on Friday, June 9th. Vetr lowered shares of Facebook from a “buy” rating to a “hold” rating and set a $159.91 price target on the stock. in a research report on Monday, June 12th. Moffett Nathanson reiterated a “buy” rating on shares of Facebook in a research report on Friday, June 9th. Deutsche Bank AG reissued a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research note on Monday, June 12th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $185.38.
In other news, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $149.93, for a total transaction of $2,398,880.00. Following the sale, the insider now owns 184,965 shares in the company, valued at $27,731,802.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan Koum sold 3,600,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The disclosure for this sale can be found here. Insiders have sold 12,916,933 shares of company stock worth $2,121,180,386 in the last 90 days. Insiders own 19.08% of the company’s stock.
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.
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