Hardman Johnston Global Advisors LLC lifted its position in shares of Facebook Inc (NASDAQ:FB) by 29.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,670 shares of the social networking company’s stock after acquiring an additional 25,510 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Facebook were worth $19,082,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FB. Palisade Capital Management LLC NJ grew its position in shares of Facebook by 2.4% in the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after purchasing an additional 602 shares during the last quarter. ING Groep NV grew its position in shares of Facebook by 6.9% in the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after purchasing an additional 37,822 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Facebook in the first quarter valued at approximately $94,601,000. Schwab Charles Investment Management Inc. grew its position in shares of Facebook by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after purchasing an additional 349,182 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Facebook by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after purchasing an additional 907 shares during the last quarter. Institutional investors and hedge funds own 57.81% of the company’s stock.

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FB has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and set a $195.00 price objective (up previously from $190.00) on shares of Facebook in a research note on Monday, October 2nd. KeyCorp reissued a “buy” rating and set a $200.00 price objective on shares of Facebook in a research note on Wednesday, October 4th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Facebook in a research note on Thursday, October 5th. Wells Fargo & Co set a $215.00 price objective on shares of Facebook and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $202.94.

Shares of Facebook Inc (NASDAQ:FB) opened at $185.98 on Tuesday. Facebook Inc has a 52-week low of $129.52 and a 52-week high of $190.66. The stock has a market cap of $552,103.56, a price-to-earnings ratio of 36.61, a PEG ratio of 1.07 and a beta of 0.68.

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

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $180.35, for a total transaction of $135,262.50. Following the completion of the transaction, the vice president now directly owns 88,091 shares of the company’s stock, valued at approximately $15,887,211.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Thiel sold 160,805 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $178.90, for a total transaction of $28,768,014.50. Following the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at $1,129,037.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,559,250 shares of company stock valued at $280,485,300. Company insiders own 17.23% of the company’s stock.

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Facebook Company 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)

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