Canada Pension Plan Investment Board boosted its stake in Facebook Inc (NASDAQ:FB) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,921,429 shares of the social networking company’s stock after buying an additional 62,479 shares during the period. Facebook accounts for approximately 1.7% of Canada Pension Plan Investment Board’s portfolio, making the stock its 10th largest position. Canada Pension Plan Investment Board owned 0.17% of Facebook worth $840,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FB. D. Scott Neal Inc. raised its holdings in Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Facebook in the 2nd quarter worth approximately $138,000. Vigilant Capital Management LLC raised its holdings in Facebook by 17.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 991 shares of the social networking company’s stock worth $150,000 after acquiring an additional 150 shares during the last quarter. Odey Holdings AG raised its holdings in Facebook by 5.4% in the 2nd quarter. Odey Holdings AG now owns 1,060 shares of the social networking company’s stock worth $160,000 after acquiring an additional 54 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in Facebook in the 2nd quarter worth approximately $165,000. Institutional investors and hedge funds own 57.81% of the company’s stock.

Shares of Facebook Inc (NASDAQ:FB) traded down $4.02 during midday trading on Monday, hitting $185.98. 20,022,931 shares of the stock traded hands, compared to its average volume of 19,090,000. The stock has a market cap of $540,420.00, a PE ratio of 34.57, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Facebook Inc has a 52-week low of $129.52 and a 52-week high of $190.66.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. equities research analysts predict that Facebook Inc will post 5.86 earnings per share for the current fiscal year.

In other news, insider Michael Todd Schroepfer sold 38,017 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $187.83, for a total transaction of $7,140,733.11. Following the transaction, the insider now directly owns 381,521 shares in the company, valued at $71,661,089.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $171.60, for a total transaction of $128,700.00. Following the transaction, the vice president now owns 84,246 shares in the company, valued at $14,456,613.60. The disclosure for this sale can be found here. Insiders sold a total of 4,160,000 shares of company stock worth $748,854,420 over the last 90 days. Insiders own 17.23% of the company’s stock.

A number of equities analysts recently weighed in on FB shares. Vetr upgraded shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $209.16 price objective for the company in a report on Thursday. Credit Suisse Group restated a “buy” rating on shares of Facebook in a report on Wednesday, October 11th. UBS Group set a $208.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Thursday, November 2nd. BidaskClub raised shares of Facebook from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wedbush set a $225.00 target price on shares of Facebook and gave the stock a “buy” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $202.94.

COPYRIGHT VIOLATION WARNING: “Facebook Inc (FB) Stake Boosted by Canada Pension Plan Investment Board” was originally reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.mareainformativa.com/2018/01/29/facebook-inc-fb-shares-bought-by-canada-pension-plan-investment-board-updated-updated-updated.html.

Facebook Profile

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.